By Sahid Fawaz
Goldman Sachs CEO Lloyd Blankfein gave the Bernie Sanders campaign its “most powerful endorsement yet.”
Blankfein was on CNBC talking about his thoughts on the financial markets when he turned to the topic of presidential politics.
“In January, Sanders was asked by Bloomberg Politics to list an example of corporate greed, and he listed Blankfein.
‘I don’t take it personally since we never met,’ Blankfein responded.
But he added that Sanders’ attacks on the ‘billionaire class’ and bankers could be dangerous.
‘It has the potential to personalize it, it has the potential to be a dangerous moment. Not just for Wall Street not just for the people who are particularly targeted but for anybody who is a little bit out of line,’ Blankfein said. ‘It’s a liability to say I’m going to compromise I’m going to get one millimeter off the extreme position I have and if you do you have to back track and swear to people that you’ll never compromise. It’s just incredible. It’s a moment in history.'”
After years of fleecing the American middle class for its own greed, Wall Street seems to be getting a bit worried that it might actually have to play by the rules should Sanders win.
Get the latest Product Spotlights, labor blogs and more with the Labor 411 enewsletter