Blankfein: 'We Can All Be Winners Here'

Lloyd meets with Odeficit.

In other news: Blankfein nets $2.8 million after exercising Goldman stock options...

Comments

[SKINFLINT]

I have not seen one regular schlub talk about face time with the president on this issue. I doubt that you will. I guess Boehner and company are looking out for our best interests and that we should totally trust them.

[SKINFLINT]

I'm not just a wiener, I'm a dick.http://money.msn.com/baby-boomers/c_article.aspx?cp-documentid=250280736 Sage advice.

[Jack Lohman]

This man should be in jail. Instead the Fat Cats give campaign bribes to stay out. Money works!

[JosephConrad]

Succinctly put, THIS MAN NEEDS TO GET 3-5 AT SOLODAD FOR FRAUD, TAX-EVASION, CONSPIRACY & RICO LAW VIOLATIONS. Only PAULSON has a lower level of PERSON & PROFESSION INTEGRITY than this PSEUDO-MAN...

[SKINFLINT]

Gotta bad case of the fuckmes. Maybe a case of Ho Ho's would help.http://hosted.ap.org/dynamic/stories/U/US_HOSTESS_BANKRUPTCY?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-11-29-07-55-06

[Josie]

Why is Yarmulke Lloyd out doing PR? Is GSuchs getting another backdoor bailout (AIG, bank holding/Fed discount window, etc.)? Not enough ammonia in the world to quash the stench of the manure pile Blankfein trails behind/in front/on top of him..

[DailyBail]

Josie

Naw, he just cares about his country. Basically, in my view the CEOs were brought in to put pressure on the GOP to accept tax increases. The problem as we've seen in the past 24 hours is that a huge number of DEMs don't want to cuts to entitlements, even if those cuts are essentially means-testing the wealthy.

The Left fears that if means-testing takes hold, that the next step would be to get rid of the programs entirely, which is horseshit. It's completely bizarre. DEMS should embrace means-testing b/c it doesn't hurt the poor and middle class, but instead they are running away screaming.

Fuck politics.

[john]

No toque for you either Lloyd...

john

[suezz]

I am already a winner but it would help things if him and paulson would be hung from the balcony of the white house.

the bankers should hang plain and simple.

[LadyLiberty]

I'm against means testing DB. Theft is immoral and WHO decides who is rich it's just like the tax scam of the bailed out buffoons. His bailed out billions are in gates tax exempt foundation. What happens in those scams is people who are just building their wealth and small business and middle class take it in the ass while the ultra wealthy crony capitalists like the buffoon use loopholes. Funny no one ever proposes to close those loopholes they just use scams to tax and steal from the rest of us.

NSC Warns Means Testing Could Be Part of Congressional Deal

http://www.nationalseniorscouncil.org/index.php?option=com_content&view=article&id=110%3Ansc-warns-means-testing-could-be-part-of-congressional-deal&catid=1%3Alatest-news&Itemid=62


Morgan Stanley CEO Pushes 'Fiscal Cliff' Bipartisanship As Bank Lobbies For Tax Breaks

http://www.huffingtonpost.com/2012/11/28/morgan-stanley-ceo-fiscal-cliff_n_2205756.html?utm_hp_ref=business

4 ways Wall Street can ante up for fiscal health

http://finance.fortune.cnn.com/2012/11/19/bair-wall-street-deficit/

Watchdogs Question Obama Donor Influence in ‘Fiscal Cliff’ Meetings

http://abcnews.go.com/blogs/politics/2012/11/watchdogs-question-donor-influence-in-obama-fiscal-cliff-meetings/#.ULdcB8S7sU0.twitter

Fiscal Cliff Primer: Should Congress Take Social Security Advice From Bailed-Out Goldman Sachs CEO Lloyd Blankfein?

http://www.huffingtonpost.com/2012/11/20/fiscal-cliff-lloyd-blankfein-social-security_n_2166099.html

Republicans About To Fall For A World Class Social Security Bait-And-Switch Con

http://www.forbes.com/sites/lawrencehunter/2012/11/19/republicans-about-to-fall-for-a-world-class-social-security-bait-and-switch-con/

[Josie]

@DB

As usual, I agree with you...

Interesting Jeff Gundlach take on the future below. If he's right, God help us all:

http://finance.yahoo.com/news/bond-investor-gundlach-buys-stocks-050001179.html;_ylt=AqLcofz3utPNm2C0h9w7r5iiuYdG;_ylu=X3oDMTRwMmg4dWRhBG1pdANGaW5hbmNlIEZQIFRvcCBTdG9yaWVzIG1peGVkIGxpc3QEcGtnAzAxZDg2YjJlLTMzOTgtMzIxNC04ZDg0LWUwODEzNzhlYTA0NgRwb3MDNgRzZWMDTWVkaWFCTGlzdE1peGVkTFBDQVRlbXAEdmVyA2RhOGMxNTUyLTNhZjQtMTFlMi1iODgxLTNjZDkyYmZmMjAxNg--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

[DailyBail]

LL

Means testing is the only way out of the unfunded entitlement nightmare. There are no other choices. These programs can't survive any other way. The math doesn't lie.

[DailyBail]

Josie

Great story on Gundlach, thx. For those who don't know him, he's not your typical hedge fund manager, by any means. Wants to end the Fed, for starters.

[LadyLiberty]

DB the only way that Social Security is an entitlement is people are entitled to get back the money they were forced to pay in. Bet you don't want them messing with your 401k do you? Social Security is no different people paid for it themselves!

Dear Congress: Don’t tread on our 401(k)s

http://www.marketwatch.com/story/dear-congress-dont-tread-on-our-401ks-2012-11-30?link=MW_retirement_popular
i

In fact Social Security is entirely self funded by people and their employers unlike REAL welfare programs that other taxpayers pay for including obamacare.

Who Pays for Social Security?

http://www.nasi.org/learn/socialsecurity/who-pays

Today’s Retirees First to Pay More Into Social Security Than They’ll Get Back

http://blog.aarp.org/2012/08/06/the-takeaway-todays-retirees-first-to-pay-more-into-social-security-than-theyll-get-back/

SS can't tax or deficit spend and doesn't add one red cent to the deficit

http://www.strengthensocialsecurity.org/media/press-release/release-of-social-security-trustees-report-shows-program-again-has-large-surplus

I have no problem with cutting WELFARE programs including Medicare since people pay into that but not enough that it doesn't add to the deficit but I do have a problem with people stealing whether it's Congress or a fellow citizen who now doesn't want to honor the debt. If you believe in our Constitution there is a clause that relates to that.

Sect. 4 of the 14th Amendment. It reads in part:

”… .the validity of the public debt of the United States, authorized by law… shall not be questioned”

And second, there is this Criminal Mischief statute

18 US 1361. Government property or contracts

“Whoever willfully injures or commits any depredation against any property of the United States, or of any department or agency thereof, or any property which has been or is being manufactured or constructed for the United States, or any department or agency thereof, or attempts to commit any of the foregoing offenses, shall be punished as follows:

If the damage or attempted damage to such property exceeds the sum of $1,000, by a fine under this title or imprisonment for not more than ten years, or both; if the damage or attempted damage to such property does not exceed the sum of $1,000, by a fine under this title or by imprisonment for not more than one year, or both.”

Is Our Debt Burden Really $100 Trillion?

http://www.theatlantic.com/business/archive/2012/11/is-our-debt-burden-really-100-trillion/265644/

CEO Council Demands Cuts To Poor, Elderly While Reaping Billions In Government Contracts, Tax Breaks

http://www.huffingtonpost.com/2012/11/25/deficit-reduction-council-fiscal-cliff_n_2185585.html?ref=topbar

The Great American Retirement Scam: Why The Wealthiest CEO's In America Want To Take Away Your Social Security

http://www.forbes.com/sites/rickungar/2012/11/28/the-great-american-retirement-scam-why-the-wealthiest-ceos-in-america-want-to-take-away-your-social-security/

A Pension Deficit Disorder: The Massive CEO Retirement Funds and Underfunded Worker Pensions at Firms Pushing Social Security Cuts

http://www.ips-dc.org/reports/pension-deficit-disorder

[SKINFLINT]

Just gotta ask DB, Did you freeze that frame at that point to make Blankfien look like a monkey of purpose?http://www.youtube.com/watch?v=a7xUh8jOI8M