Lord Blankfein, Divine Capitalist Pig
Capitalist Dad, ha
It is curious that this didn't raise any red flags.
Whatever the case, that unexpected stock jump turned out to be wonderful news, the billionaires’ smackdown on all the resentful parasites trying to take down Goldman Sachs–this according to all sorts of media lickspittles who are rooting for Goldman. Here for example is The New York Daily News gloating over Goldman’s unexpected stock price rise:
I would be happy to let the whole United States Senate curse at me for just a fraction of the $2.8 million Goldman Sachs CEO Lloyd Blankfein made while he was testifying before a subcommittee this week.Instead of reaching the obvious conclusion that something fishy was happening with Goldman’s stock, the columnist blocks out any whiff of journalist/investigator skepticism, and replaces it with the sort of free-market mysticism that was in vogue up until a couple of years ago: The rise in Goldman’s stock price means that the Gods approve of Goldman Sachs’ behavior… and Lloyd Blankfein is now recast as some kind of populist rebel sticking it to The Man, a capitalist whose only crime was doing business better than his competitors–which caught the attention of resentful looters and parasites in Congress
The opinions of the senators carry so little weight that Goldman stock actually went up more than a buck, from $151.63 to $153.04, on a day when most of the market dropped.
And since, by one recent report, he owned 2,035,364 shares, Blankfein was getting more than $2.8 million richer even as he was being vilified.
It sounds so nice when you put it that way.
Bad reform is better than no reform to prevent Blankfein II, right?