We have no idea but apparently he’s been spotted “cruising around the trading floor with a bunch of senior guys this afternoon, shaking hands, etc, with hair that looks like it hasn’t been cut in months.” Wild speculation encouraged at this time. Read more »
Goldman Sachs Chairman and Chief Executive Lloyd Blankfein said he is not stepping down, despite media reports that he has plans to resign. Blankfein spoke to reporters after Goldman’s annual meeting in Jersey City, N.J., on Friday…One well known shareholder, Evelyn Y. Davis, suggested at the start of the meeting that Blankfein should step down once the session was over. When asked by reporters why he wanted to stay, Blankfein quipped, “And give up all this?” [Reuters]
“They’re totally freaked out about Volcker,” said a Goldman lobbyist who declined to speak on the record for fear of losing the contract. “People are working on that a lot, with agency staff, with lawmakers, you name it.”…”Before the crisis, Goldman was basically non-existent in Washington,” said a former Congressional staffer who now works as a policy analyst at a Wall Street bank. “Post-crisis, Goldman is everywhere.” [Reuters]
A letter to Albany: Read more »
Like Lloyd Would Have Time To Be Treasury Secretary While Filling The Void Left By Oprah, Getting Us To Mars, Convincing The Networks To Bring Back Three’s Company**By Bess Levin
“Lloyd is never going to be treasury secretary.”– Money and Power author William Cohan, who apparently isn’t aware that the gig of Treasury Secretary of the US will be so far beneath Blankfein’s next pivot.
**Gary Cohn will take the Ritter part