Watch CNBC's full interview with Goldman Sachs' Lloyd Blankfein
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- Опубликовано: 7 сен 2024
- Lloyd Blankfein, Goldman Sachs senior chairman, joins 'Fast Money Halftime Report' to discuss his response to Senator Elizabeth Warren (D-Mass.)'s president wealth tax ad, the state of the U.S. economy, Trump's progress, if CEOs are paid too high, and income inequality.
Like him or not, Lloyd is one sharp CEO. You don’t get to be in his position without knowing a thing or two about high finance. Thanks for the interview CNBC.
Blind leading the blind.
Gary Miller and he’s the perfect example of the American Dream! Instead of being leftist media scum and labeling him the guy that “made $70 million during the financial crisis” they should tell the real story and write “postman’s son from the NYC projects grows up to run Wall Street”! I’m tired of the jealous socialist mentality where they see the baker (wealth creators) with a slice of pie and think it must’ve come out of their end...
Maclain Hunter
Watch some max Keiser videos and enlighten yourself
The man is HIGHLY intelligent and acute. While I disagree with his professional ethics and conduct, I highly admire how intellectual and sharp he is.
@@JasonGafar Umm, he caused the great recession you crony capitalist.
Reporter "Do you think CEO's make too much money?"
Blankfein: "Do you think Television reporters make too much money? I do."
SAVAGE
Jesse Norwalt What a boss, that’s why I own Goldman shares, I miss Lloyd as CEO
@@davidkarin3443 He was great I own GS shares for clients funds I manage, great company, he was a little slow to shift into tech but other than that he was amazing!
Yes!! This guy is awesome
International Banking Hyenas!
Wall Street wealth creation machine does not care about America or Russia or China or Timbuktu. Lloyd is a Trader. Traders worship wealth.
Beautiful responses by Lloyd Blankfein
14:25 The applause in the background after he says “I do” 😂
@Jackson C. Root - Thanks for catching that applause and telling us the minute and second in the interview! I didn’t catch that first time I listened to the interviewer. Blankflein made some great points about that question. Smack down to you, CNBC interviewer.
Great interview! It's difficult to be non-partisan yet he achieves it and makes an art of criticism and credit. I Like Lloyd Blankfein but he's so smart and can speak so well, extemporaneously, I am concerned that most people will never understand the valuable contributions he is capable of making towards our national welfare. Hopefully, there are people in "the swamp" who will utilize his intelligence and talent. There is so much being revealed in this interview about our current political climate and negative attitudes regarding our banking system; all of which has spiraled downward into woeful lows of personal attacks, insults and name calling and we all know who has set this tone. It panders to the lowest common demographic denominator; entrepreneurs and non-entrepreneurs. Let's raise the bar and bring back civility, manners and cordiality and address the problems.
So good had to watch this twice!
Very intelligent Guy., great response’s, 👏🏾👏🏾👏🏾👏🏾👑💯.
I love hearing him speak. He's so insightful and refreshing.
CNBC, keep this interviewer, he asks tough questions.
#ShutDownApple #FixGoogle #PromoteCPI'$.
I love watching the currently wealthy people respond to how much they get paid now. What the public doesn't realize is 75% of wealthy families today (net-worth of $25M or more) are first generation wealthy.
So of course Mr. Blankfein (grew up in government housing/public schools) would take offense to be questioned on how much he makes now. When you start from the bottom (or middle) and through luck/talent/hard work, you would be offended by what you have accomplished being attacked.
Exactly. Regardless of what people think about Lloyd Blankfein personally, he worked his butt off to get to where he is. It's ridiculous how people who got rich through hard work and talent get vilified for being successful.
@@btw-3006 and got bailed out by the taxpayer.
That was by far the most intelligent explanation of the trade war dynamic with China that I've ever seen.
First time I see someone is asking serious questions to lloyd blankfein.. Excellent interviewing skills :-)
“Out of wack with wat Scott” 😂😂
Lloyd is a genius and one of the most interesting people alive on the planet today. Sad to see him not getting enough credit for jobs well done.
Indeed even #Bankers recieve hate by others huh. But Professional as they come too #VoteForMrBlankfein. #BeyondInflation!
The ratio of payment between management and employees should be adjusted to avoid huge inequality. Also the ratio of rewards btw capital and labour. Polarisation is a source of populism not technology innovation.
This man is a well accomplished conman - so of course he is capable of handling questions of this sort, if he couldn't, then he would not have been the public face of his firm. Nonetheless, the statistics of his firm's behavior speak for themselves. They are an extractive cancer on productive society.
This guy is so good he and the other CEO's had to be bailed out... Great job Mr. Blankfein
do your research. goldman didnt need a bailout
No financial executive should have made money on a financial crisis.
Good comeback on the question if ceo makes a lot of money
Love this guy!!
Big LB!
He needs to come back as CEO.
Blankfein....greed and thoughtlessness is often a mistake those on top often make. And then, the truth comes out.
Bluewings Mars did you listen to this at all?
If anybody should go to jail for the 2008 financial debacle, Blankfein should be wearing orange too. He was part of the rot, sitting pretty now, pontificating to the world how they should be treated. Not a very dignified move by throwing his subordinate under the bus on the 1MDB scandal.
The other root causes of inequality also stem from personal perspective. There are some individuals who fear what will happen if certain people achieve a certain level of financial stature. The truth still remains, education is the bridge for a better well-being. There is a correlation between GRE scores and income.
Lloyd is tough as nails ... I thought he was just another rich cat from a family of rich cats ... but he actually is a self made man. amazing! Too bad it took me years to understand that.
listening to this 14 months after the interview. It seems everything Lloyd predicted came out the way he said it would. Smart and measured guy.
Weeks for an appointment under government run healthcare? Try months in my country (UK, with our embarrassment of a failing health service, the NHS)
‘When mistakes made and the wrong things are built to repossess those assets....’ sounds like 1MDB 🤭
@ScottWapnerCNBC
Scott you are asking wrong questions, ask Lloyd Blankfein does Stock Trading add to Americas GDP ? Lloyd is a Stock Trader.
He's not a trader lmao he's an investment banker. He designs portfolios and manages clients, he's not in front of his desk making calls to buy and sell.
I like him and this interview but the equivalence between his pay and reporters pay was silly.ceo's makes ridiculous money as do sports stars movie stars etc,the danger is when the middle class collapses.
Another Greedy, Money Grubbing CEO attempting to backlash at the reporter for his doing his job and asking a fundamental question towards Wealth Inequality. $30 Million dollars a year and a $1 Billion Net Worth and he’s trying to the system isn’t rigged haha 😂
@Barbara Stamm Stock Market is a game.
DEMOCRATIC SOCIALISM: A CAP ON CAPITALISM, NO EXTREME WEALTH HOARDING (like the Unfettered capitalism we have today!) Workers and Industry working together with Communities to have a Sustainable Fair Market for All, NOT JUST CORPORATE WEALTH! The Health and Education of American People as an Investment in FUTURE GROWTH IN THIS COUNTRY!! Bernie Sanders has had more Bills and Legislations signed and Passed then ONLY ONE OTHER PERSON! Known as the Amendment King in DC because he will try very hard and Usually succeed in finding a way to talk to all sides to form amendments for workers, poor, or human rights, YOU HAVE TO RESEARCH ALL HE HAS WRITTEN, SPONSORED OR PASSED OFF TO OTHERS BECAUSE SANDERS ONLY NEEDED RESULTS NOT RECOGNITION!
Socialism or anything toward a planned economy isn't about the government running the economy; the economy is still run by the community.
He caused the financial meltdown in 2008
Health care for all would still be private hospitals and doctors.
Only except of billing a health insurance company, they would bill the government. That's its.
No one is saying that government should take over health care, the argument is about government taking over health insurance! There's a big difference, no one is saying that government should be micromanaging every single hospital but rather that government should become the health insurance provider there by eliminating the profit motive and lowering overall cost!
Profit motive paired with competition drives down cost. The opposite is true when the gov't guarantees a certain thing. What's to stop price increases? After all the gov't has guaranteed to cover the cost.
Go watch every peter schiff podcast
@@jonl9192 can't tell if that's sarcastic or not... Schiffy probably has some good points
@@mzar62458 So explain to me why it works in Canada, the EU, and many other countries around the world. My wife's family is dirt poor in Mexico and her niece got really sick, she had to spend 3 weeks in the ICU unit...they were able to save her life and they walked out of the hospital with zero to pay! The US has many good things but its health care system totally sucks, unless your rich that is!
@@krismmm1704 If you're willing to fork over half of every dollar you earn...
Can you blame Lloyd for being a little smug and arrogant? The media and most everyone blames the financial crisis on him and the banks, completely leaving out the government policies that lead to it.
Lloyd tackle the real issue here. Its fundamentaly wrong for any government to have so many billionaires and let 22 year olds be deep in 24k college debt.
alpha sow The government guarantees student loans. Which created a moral hazard for colleges to lend to anyone who wanted a college education thus driving education costs incredibly high.
There needs to be education reform and the government needs to put American citizens first in higher education !
Not allow other foreign students to compete directly with American born students to further drive college costs higher !
"Cuz I don't wanna blow up the financial system" hmm didn't you already do that lol
Dimon makes the same argument Blankfein is making. However Jamie doesn't anywhere near as arrogant... just saying
Lloyd....just say you are best friends with Bloomberg...enough with the unconvincing bs.
#StrangeWomen or not. The Financial system will concur over any corruption beyond our #StableConstitution. #SAGAFTRAMedia is on the #Spotlight for something #New #NewMoney.
What's your take on the wealth tax? As if he didn't make that clear already.
No one makes too much money, the focus should be on helping set the conditions for those who don’t have enough $ to build wealth & boost the gdp for everyone! You have to be on your feet to help the fallen stand up...you don’t help them by putting everyone on their ass!
The market sets the salary. I believe CEOs are fairly paid.
Lol, this interviewer can't even comprehend his point on "income inequality". His camera man makes less than him because he does not bring the same value to his employer. Goes to show how dumb people are. If you want to make more money, bring the value to your employer or your customers!
Damn that foo is smart af
CEO's need compassion and care when they lose themselves in the whirlwind of greed. Trying to place limits on corporate expansion is like trying to hide the cookie jar after the child saw mama placing fresh double chocolate chip cookies in there. Clever people will always find a way around it. There's no stopping an addict bent on getting their fix. How is the war on drugs going?
What really needs to be done is to understand the root causes of greed. Why do ambitious young men want to increase their bank balance above all else? Why this singular focus? Making money is a unique kind of dopamine rush. It's exhilarating, thrilling, and gives a feeling of significance, something many young men feel an incredible lack of these days.
I believe the problem is when your highest value is to keep increasing your bank balance above all else. It shows a fundamental misunderstanding of the nature of the human mind. It's like trying to fill a bottomless pit. You will never succeed. True abundance follows purity of action. True abundance follows clarity in intent, not the other way around.
He's clearly shrewd, but he's being facetious when he says that he is for some kind of a progressive tax that lets the lower class share in the fruits of the economic system. People will always be able to shield their money from taxes when they don't take distributions except on very rare occasions. If he really wants to effectuate a system that closes the wealth gap, he would be for a system that bans stock options-based compensation altogether and all other forms of scalable salary arrangements such as advertising income by view count. CEOs should be content with salary and nothing else, and they should be forced to take 90% or more of their annual earnings in the form of a distribution every single year. What would result is they would think twice about taking exorbitant amounts out of their companies to pay themselves. Not everybody is equal, clearly, but we should all at least be on the same hamster wheel in life.
I fear for the political environment, said Lloyd Blankfein when Trump called for a Muslim ban, and called Mexico rapists.
No?
Oh.
yeah tell that to his base :)
International Banking Hyenas!
@Barbara Stamm Barbara, your loving murderous Christian soldiers invaded Muslim lands. Talk about Christians being loving. Yet, your Soliders can't even win Wars. SAD!
What about your European ancestors who raped and killed the Natives of America? So may say what goes around, comes around for you Europeans descendants.
Watch yourself become a Minority in a few years. As an American born son of Brown Immigrants, I'm laughing all the way!
Let's talk
You flag huggers are too funny.
Maybe instead of the CEOs taking such absorbent salaries would help to have the money to pay employees a living wage. Currently a lot of companies are third partyingJobs that used to play well in their companies only pay employees $10 an hour add to third-party establishments. These jobs used to be jobs that you could hold your head up high and put clothes on your children's backs. I am a firm believer in the American dream and I do not want to discredit the hard work and effort that it took for a CEO to get to that position. But maybe if they made one and a half million dollars less and the vice president made 500,000 less,that money could pay the employees a few dollars more an hour and they would still make a great living. That's only one example.
How prophetic, "no one knows what the next crisis is going to be". About 5 months later the market crashes because of coronavirus. His prediction turned out to be right, low interest rates eventually drove up asset prices to where they are now.
Goldman is a crooked bank , he can sing a lullaby for all I care but actions speak louder than words
@Barbara Stamm where to start? during 2008 they were selling CDO and then shorting the shit they sold to their client (talk about having their client's best interest). There were lots of employees who cold quit their job because of its unethical shady side. One exec was even on 60 minutes of over how bad the internal is. Everyone on the street knows goldman's reputation and everyone who doesn't work on wall street but are smart enough to smell bs knows their reputation. I always feel suspicious of people who ask if you can show evidence, it's like they were covering their asses ahead of time. You can literally google goldman sachs fraud and you will get millions and millions of google hits. You can read through the court filings. I am not gonna waste my time when you can do the research yourself unless your mind is already made up and you just want to hear what you want to hear which is the case with most people so...bye. I guess they hired a smooth talker ceo good for them, i am sure the public will buy up the bs that will headed for them. Words are violin to some people's ear, I listen to the actions.
This dude should be in prison.
Demon..
Lloyd is a smart dude
It’s out of whack with what Scott
Boohoo poor llyod
Billionaire Hillary supporter that doesn't have a clear opinion on the wealth gap. Color me surprised.
Profit Motor 12:00 Blankfein is 1000000% correct on the money. Canada's healthcare system is such low quality with huge waitlists for procedures due to lack of supply and large demand. It's also not "free" because we all have huge sales taxes to pay alongside income and payroll taxes. Every clinician working in healthcare also looks to do as little work as possible then move to the next patient because they'll get reimbursed by the Government no matter what occurs during the visit. If there's a persistent health problem, they'll just refer you to another Doctor's waitlist until you give up on receiving care LOL.
Yep, this guy loves Trump
Anyone who lacks empathy for others is a "villain."
The right thing to do is what is ethical, not what necessarily grows an economy quickest in the short term. That is to say what is socially ethical rather than something that displays business ethics.
No one really cares about your profits. No one really cares if Tesla gets built a year quicker. We shouldn't have ruined the environment in the first place. And certainly no one really cares about your bank.
This reported makes way more than he should according to this interview 😆 since the feudal lords to kings to presidents... Whats the difference if there is always many people working for few.. Its a systematic issue or "government" issue... Since we cant seem to get away from government unfortunately we can only hope for a good king or kings, at least on this earth.. But to me there is only one ruler/king/president
This guys a pathological liar!