BUSINESS

Goldman Sachs CEO: I run a ‘socially important casino’

TAGs: Goldman Sachs, socially important casino

BlankfeinIt’s often said that there is one law for the rich and quite another for the poor. Use a knife to steal $20 from an old lady and you’ll get 5-10 years in the slammer. Use a briefcase to rob the American public of hundreds of billions of dollars and you’ll get glowing profiles in the Wall Street Journal. Similarly, operate an online casino like David Carruthers and you’ll find yourself locked in a hotel wearing an ankle bracelet. But operate a ‘socially important casino’ – words Goldman Sachs CEO Lloyd Blankfein uses to describe his company’s habit of doubling down with taxpayer money – and not only will you not go to jail, you’ll get an eight-figure ‘bonus’ check. God bless America… Read more.

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