Goldman Sachs: PR disaster machine
Maybe Goldman Sachs should board up their windows and take a break for a month, or six.
The public hasn’t been too pleased with Goldman for a while — with the billions of dollars in bailouts, cozy ties to the current administration, and the payments of lavish bonuses, while the US unemployment rate hit 10.2 percent and foreclosure rate continues to rise.
Yes, it all looks pretty bad for Goldman. And now there’s this.
In an interview with London’s Sunday Times newspaper, Lloyd Blankfein, the chief executive of Goldman, said he believed the banks are doing “God’s work.”
An impish grin spreads across Blankfein’s face. Call him a fat cat who mocks the public. Call him wicked. Call him what you will. He is, he says, just a banker “doing God’s work”
It’s like Blankfein wants to be attacked by a ferocious mob.