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The head of Goldman Sachs believes being singled out for criticism by Bernie Sanders represents a “dangerous moment” for the country.
Lloyd Blankfein, the Wall Street giant’s chief executive, said Wednesday that the Democratic presidential candidate might have gone too far in personally targeting him.
“To personalize it, it has potential to be a dangerous moment. Not just for Wall Street ... but for anybody who is a little bit out of line,” he said in an interview with CNBC.
Sanders has railed against Wall Street throughout his populist campaign, accusing the financial industry of ruining the economy and holding down the middle class. And he has singled out Blankfein and his company as a poster child for the greed and recklessness he says is endemic in finance.
In a January interview with Bloomberg, he specifically mentioned Blankfein as representing greed on Wall Street, for taking massive pay packages “after destroying the economy.”
originally posted by: pirhanna
His criticism is in the right place. Too bad his policies would finish gutting the middle class, destroy small businesses, further empower large corporations through reduction of competition and work to make everyone equally and blissfully poor.
Bernie, he knows whats wrong and a has a solution even worse than the problem.
And beyond criticizing Goldman directly, Sanders has used it as a political cudgel as well, criticizing his opponent, Hillary Clinton, for accepting large speaking fees from the banking firm.
originally posted by: Asktheanimals
Blankfein is telling the truth, what Sanders say is very dangerous.
- to Bernie Sanders if he is elected and follows through.
JFK knew he was up against some very bad people too but couldn't imagine the lengths they would go to protect their illicit financial fiefdoms.
Wed, January 13, 2016
Independent Sen. Bernie Sanders of Vermont voted to back Republican Sen. Rand Paul of Kentucky's Audit the Fed bill, which would allow a comprehensive audit of the Federal Reserve.
Although the bill won almost unanimous support from Republicans on Jan. 12, and garnered support from Sanders as well as Democratic Sen. Tammy Baldwin of Wisconsin, it was blocked by Senate Democrats and fell short of the 60 votes needed for consideration.
originally posted by: DexterRiley
a reply to: dreamingawake
I've heard about auditing the Fed a number of times. While I'm not necessarily against this, what happens if the results of the audit are horrible beyond anything we can imagine? Wouldn't this lead to a complete global financial collapse?
The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression
"No one who works for a firm receiving direct financial assistance from the Fed should be allowed to sit on the Fed's board of directors or be employed by the Fed," he said.
Elizabeth Warren entered the intensifying battle for the Democratic presidential nomination, defending Vermont Sen. Bernie Sanders from a new attack by the head of Goldman Sachs — a Wall Street behemoth whose executives have delivered hundreds of thousands of dollars to Hillary Clinton, her presidential campaign and her family’s foundation.
In an interview with International Business Times hours before Wednesday night’s Democratic town hall in New Hampshire, the Massachusetts senator — whose endorsement is coveted by both Democratic candidates — slammed Goldman Sachs CEO Lloyd Blankfein for asserting earlier in the day that Sanders’ criticism of Wall Street had created a dangerous environment in America.
"He thinks it’s fine to prosecute small business owners, it’s fine to go hard after individuals who have no real resources, but don’t criticize companies like Goldman Sachs and their very, very important CEO — that’s what he’s really saying,” Warren told IBT.