Lloyd Blankfein, chairman and CEO of Goldman Sachs understands "people are mad and bent out of shape" about bankers' actions but says he is just "doing God's work".
Goldman Sachs made its first quarterly loss for over a decade last year as a result of lending too much, adding to the economic crisis and forcing it to take $10bn from Washington's Troubled Asset Relief Program. "I know I could slit my wrists and people would cheer, but we're very important," he told the Sunday Times. Blankfein is resolute about the positive role financial institutions play in society. "We help companies to grow," he says, "by helping them to raise capital. Companies that grow create wealth. This, in turn, allows people to have jobs that create more growth and mor...
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