• About

Desperado's Outpost

Desperado's Outpost

Tag Archives: Br’er Rabbit

Blankfein Supports Financial Reform?

28 Wednesday Apr 2010

Posted by Craig in economy, financial reform, financial regulation, Goldman Sachs, lobbyists, Politics, special interests, Wall Street

≈ 1 Comment

Tags

Br'er Rabbit, campaign donations, financial reform, Goldman, Lloyd Blankfein, Republicans, Wall Street

OK, now I’m suspicious. Goldman CEO Lloyd Blankfein says Wall Street will be the “biggest beneficiary” of financial reform:

“A financial regulatory reform bill has at least one supporter outside of Congressional Democrats, Lloyd Blankfein, the head of investment bank Goldman Sachs. “I’m generally supportive,” Blankfein told the Senate Permanent Subcommittee on Investigations. Wall Street will benefit from the bill because it will make the market safer, Blankfein said.

“The biggest beneficiary of reform is Wall Street itself,” he said.

I think one of the commenters at The Hill has the right analogy. “Oh please don’t throw me in the briar patch, said Br’er Rabbit.”

Or it could be that Blankfein and his fellow banksters are anticipating a favorable return on their investment:

“For the first time since 2004, the biggest Wall Street firms are now giving most of their campaign donations to Republicans.

A Wall Street Journal analysis of 12 large financial services companies, including J.P. Morgan Chase & Co., Goldman Sachs Group Inc. shows that they have collectively made $1.4 million in political donations, with 52% going to Republicans so far this year.”

Recent Posts

  • Turn Out the Lights, the Revolution’s Over
  • Climbing Aboard the Hillary Train
  • You Say You Want a Revolution…
  • Proud to be a War Criminal
  • Drug Testing Welfare Applicants Struck Down in Florida

Archives

  • March 2016
  • February 2016
  • January 2016
  • April 2014
  • January 2014
  • April 2012
  • March 2012
  • February 2012
  • August 2011
  • July 2011
  • June 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • July 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • January 2009
  • December 2008
  • November 2008
  • October 2008
  • September 2008
  • August 2008

Blogroll

  • Bankster USA
  • Down With Tyranny
  • Firedoglake
  • Memeorandum
  • naked capitalism
  • Newshoggers
  • Obsidian Wings
  • Taylor Marsh
  • The Market Ticker
  • Tom Dispatch
  • Zero Hedge

Categories

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 7 other subscribers
  • RSS - Posts
  • RSS - Comments

Blog at WordPress.com.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy
  • Subscribe Subscribed
    • Desperado's Outpost
    • Already have a WordPress.com account? Log in now.
    • Desperado's Outpost
    • Subscribe Subscribed
    • Sign up
    • Log in
    • Report this content
    • View site in Reader
    • Manage subscriptions
    • Collapse this bar