Tag: Lloyd Blankfein
Common wisdom says that JPMorgan Chase has had a relatively “good” financial crisis. Did it lose money? Yes, lots and lots. Did it get bailed out? Yes, to the tune of $25 billion. (Although some say that they had no choice in the matter and were just taking one for the team.) But as the dust settled from the worst financial crisis in modern history two things became clear:
- JPMorgan was in much better shape than its nearest competitors, Citigroup and Bank of America.
- Lloyd Blankfein, CEO of Goldman Sachs, would play the biggest bad guy in this drama. Jamie Dimon, on the other hand, was the man. (Or the least-hated banker, as the New York Times put it.)
Say what you will about Lloyd Blankfein, the CEO of Goldman Sachs, but for all his failings he’s probably quite intelligent. Here’s what he said in response to a question on the upcoming Facebook IPO from Eric Schatzker of Bloomberg TV. Continue Reading