Quote of the day
“doing God’s work”
- how Lloyd Blankfein, chairman and chief executive of Goldman Sachs, described bankers in his interview with The Sunday Times. Mr Blankfein, the son of a Brooklyn postal worker, believes that banks serve a “social purpose” and argues that the return of big profits and bonuses should be welcomed as proof the economy is recovering: “We’re very important. We help companies to grow by helping them to raise capital. Companies that grow create wealth. This, in turn, allows people to have jobs that create more growth and more wealth. We have a social purpose.” While he says he understands people are angry at banker’s actions, he argued: “Everybody should be happy. Companies are looking to grow again and raise money. That’s where we come in. The financial system may have led us into the crisis but it will lead us out.” (full story HERE)
Witanagemot Blogs
Now they’re really taking the p—.
‘doing God’s work’
‘We’re very important.’
Should leave us in no doubt as to how bankers see themselves generally and why they’ll shaft us again and again.
Put religious beliefs together with vast sums of money and I suppose this is what you get – Christians who have a slightly warped view of sharing and self-importance.
Although, i suspect Lloyd Blankfein has a more Judaic ancestry..
In one sense, I agree with the concern that the banks performed abismally and should pay.
On the other hand, banks such as Clydesdale and Barclays had no such problems and so I feel sorry that they will now have to pay for the irresponsible banks that helped the crisis.