What Is Lloyd Blankfein Most Afraid Of?

DEFLATION

Start watching at 5:45.  What Blankfein should fear is the end of the billion-dollar subsidy Goldman earns borrowing cheap with an implicit taxpayer guarantee.

May 2 (Bloomberg) -- Lloyd Blankfein, CEO of Goldman Sachs Group, talks about deflation, too big to fail banks, the U.S. economy, Federal Reserve monetary policy and the European financial crisis with Investment Company Institute's Paul Schott Stevens in Washington.

Comments

[Billy Derka]

Send him to jail with the other criminals, like Paulson and company. Good ole hank he loves to take care of his criminal friends.