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BEST OF GOLDMAN SACHS


In honor of Goldman Sachs' $550 million settlement with the SEC (they probably just bilked that amount from some clueless school administrator in Tuepolo, Mississippi), I wanted to celebrate with some quotes that seem fitting:


“I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the Bank. You tell me that if I take the deposits from the Bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out and, by the Eternal, (bringing his fist down on the table) I will rout you out.” –
Andrew Jackson

 “The injunction of Jesus to love others as ourselves is a recognition of self-interest. We have to tolerate the inequality as a way to achieve greater prosperity and opportunity for all.” - Brian Griffiths – Goldman Sachs Vice Chairman 




“Is it possible to make too much money? Is it possible to have too much ambition? Is it possible to be too successful?  I don’t want people in this firm to think that they have accomplished as much for themselves as they can and go on vacation. As the guardian of the interests of the shareholders and, by the way, for the purposes of society, I’d like them to continue to do what they are doing. I don’t want to put a cap on their ambition. It’s hard for me to argue for a cap on their compensation.” –
Lloyd Blankfein

 

“We have a social purpose.” – Lloyd Blankfein

 

“I’m just a banker doing God’s work.” – Lloyd Blankfein

 

“We didn’t f*** up like the other guys. We’ve still got a balance sheet. So, now we’ve got a bigger and richer pot to piss in.” – Goldman investment banker

 

“You have your phase of the moon to make money and then f*** off.” – Goldman investment banker

 

“Goldman Sachs is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money” – Matt Tiabbi




 


Disclosure: No Positions