Our Guess: Goldman’s Blankfein, Away by Himself, Decided Banks are Over-Regulated
It wasn’t your imagination –- Goldman Sachs (GS) CEO Lloyd Blankfein really did disappear from the public eye during the financial crisis. This vampire squid comparison in Rolling Stone probably had something to do with that, also the news that it didn’t tell customers investing in mortgages that it let John Paulson design massive bets against them.
But now he’s ba-a-a-ck. Businessweek reports that just as JPMorgan's (JPM) Jamie Dimon has lost his crown as king of all Wall Street, Blankfein has resurfaced. He “recently began an effort to reshape his image with television interviews and speaking engagements.”
We can’t wait to see this makeover. Will we get the kindler, gentler Lloyd Blankfein? Will we hear more about how he grew up in a housing project? And most importantly, how will his return affect Goldman’s shark premium?
Most likely, Lloyd has developed some insightful thoughts on public policy during his time in the bunker. We're guessing he'll let us know that Wall Street shouldn't be so closely regulated.
Filed under: Company News