While acknowledging the role of banks in the financial meltdown, the CEO of Goldman Sachs said recently he believes his company is doing "God's work." Like many others banks, Goldman Sachs lent too much money before the financial crisis and had to be bailed out by the government. But now the company has paid back that money, is making massive profits and planning to pay billions in bonuses. "We're very important. We help companies to grow by helping them to raise capital. Companies that grow create wealth," CEO Lloyd Blankfein said in a recent interview. "This, in turn, allows people to have jobs that create more growth and more wealth. We have a social purpose."
Wednesday, November 11, 2009
WTF of the week OR adventures in delusion....
Goldman Sachs claims it is doing "God's Work"... eminently laughable...
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