Viewpoints: Lloyd Blankfein on Rate Hike, Trump and More
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At Wednesday's WSJ Viewpoints breakfast, Lloyd Blankfein, chairman and CEO of the Goldman Sachs group, discusses interest rate hikes, Donald Trump, and the aftermath of China's recent market crisis with WSJ Editor in Chief Gerard Baker. Subscribe to the WSJ channel here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Follow WSJ on Facebook: http://www.facebook.com/wsjvideo Follow WSJ on Google+: https://plus.google.com/+wsj/posts Follow WSJ on Twitter: https://twitter.com/WSJvideo Follow WSJ on Instagram: http://instagram.com/wsj Follow WSJ on Pinterest: http://www.pinterest.com/wsj/
Comments
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This is the face of Americas enemy. Filthy evil banksters, God will punish you. Is one thing running a banking business, another running people's lives to doom!
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Bail outs, corruption, undue influence, rigged system....this is what pisses most people off....bastards.
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Man from right so similiar to Zuganoff)))
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Cancerman soon dies. Everyone is sad. Not. Hell awaits this man. Hell.
Also this fate awaits probably every new CEO in cursed bank of hell. -
...minute 45 he's basically describing the byzantine general's problem - a problem in computer science effectively solved by Satoshi Nakamoto. #bitcoinforbernie
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This man should be hanged.
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The reason why high level Goldman guys like Rubin, Paulson, etc. "retire" to public service is because they can sell their hundreds of millions of dollars of stock and pay NO TAXES. It's a tax decision, as well as assuring public policy aligns with the wishes of Goldman's interests. When Paulson became the Treasury Secretary, he was "forced" to sell all the GS stock he accumulated over his career to eliminate conflicts of interest. That was HUGE benefit. It's just another way these guys avoid taxes. Same with starting a foundation, as Lloyd suggests. When you donate all your GS stock to your new "not-for-profit" foundation, you PAY NO TAXES on it. Before the financial crisis, it was a way to retire to an easy cushioned job and avoid all the taxes on all the stock you accumulated over your career. Take away the tax benefit, and NONE of these guys would waste their time working a government job.
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Note, at the end of this interview Blankfein said he wishes foreigners would buy all of our infrastructure , adding "what are they gonna' do, take it home with them?". No, they won't take it home but leaving aside the ills associated with privatizing public assets , foreign ownership drains revenue away from the USA . Selling foreigners productive public assets such as toll roads so that they "have a stake in our economy" is not a sound proposition.
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Blankfein is a shrewd, smooth criminal who ought to be working on a chain gang. He and other corporate elites have produced massive suffering for working people. Up his ass with a rusty totem-pole!
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I liked this video to bring attention to it. Not because I like lex Luther
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Dr. Evil looking mofo...............
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What are we being dismissive of?
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Not that Blankstein comes across as someone particularly impressive, but how can you wear green socks and brown shoes?
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Longer interviews are better than shorter sound bites.
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The new Australian Prime Minister……. is he connected to the GS Group. The concentration of power is not the problem, but the misuse of the positions of power. Free money is unrealistic and destructive…. in my household if given to my children, I would suggest also for world markets. Excessive Debt is not a positive asset and money creation based on debt is madness.
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