Seeking Alpha

Blankfein: Fed shouldn't taper more than $10B

"I get a lot of surprises in my line of work; very few as positive as that," says Goldman Sachs (GS) CEO Lloyd Blankfein of the company's inclusion in the DJIA.

Appearing on CNBC, Blankfein bullet points through a number of issues:

Markets have priced in a taper of $10B or less, but anything more than that could make them "sad" as the 150 basis point move in the 10-year yield has already tightened policy (did Blankfein just demand the Fed not move more than $10B?).

On keeping firm money with Steven Cohen, Blankfein says it's not appropriate to withdraw funds just because of the indictment and the government wouldn't want that either.

On JPMorgan's London Whale fines - the mistakes are old news and the settlement isn't a big deal.

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Comments (2)
  • Johann Galt
    , contributor
    Comments (245) | Send Message
    In other words- me and my boys are fine, nothing to see here, and you better keep the free cash flowing.
    18 Sep 2013, 09:45 AM Reply Like
  • PeaPod612
    , contributor
    Comments (32) | Send Message
    did Blankfein just demand the Fed not move more than $10B?


    No, Lloyd Blankfein just offered his informed opinion that the market is discounting a $10 bn monthly "taper". He is not "demanding" anything.


    Grow up.
    18 Sep 2013, 10:15 AM Reply Like
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