Goldman Sachs CEO on getting rescued again now – yes the government would
You know, shareholders and bond holders would get wiped out, but we’d keep our jobs, salaries, bonuses and stuff but, you know, the system is still fragile today and you really need us so just trust me. And btw – don’t bother with that fancy, schmancy financial regulation stuff. Seriously – trust us.
“I think tomorrow in the context of this environment, at some level the government would intervene.” “Because of the fragility of the system,” Blankfein said, the government would be forced to step in.