Tuesday, November 27, 2012

Blankfein Does D.C.: High Level Blankfein Plotting Sessions Wednesday

Goldman Sachs CEO Lloyd Blankfein is among the business leaders invited to the White House tomorrow, reports Bloomberg.

House Speaker John Boehner is also scheduled to meet with Blankfein tomorrow, along with a group of CEOs pressing for a solution to the tax increases and spending cuts scheduled to take effect in January, according to a House aide.

Others invited to the meeting with Boehner include Thomas Wilson, the president and CEO of Allstate Corp., Doug Oberhelman, the CEO of Caterpillar Inc., David Cote, the chairman and CEO of Honeywell International (HON) Inc. and Mark Bertolini, the chairman and CEO of Aetna Inc. (AET, says Bloomberg.


  1. If the wanted a realistic solution to the debt debacle, I will give them one: They should turn the Government bonds into what they are in reality, options for the Federal Reserve System, and simply IPO the Federal Reserve System and see how long it lasts.

    That's a solution they should all agree to considering that they all seem to lover trading paper certificates so much. Then at the rest of could go about our days without having to listen to these populist drama queens.

  2. The real point of these meetings is to find more ways to eliminate the middle class. These people haven't managed to steal everything yet, and this is bothering them. They're frustrated.

    1. Mlytle, the destruction of the middle class and enrichment of the upper .01% is just a by-product.

      I wish you would open a rational dialogue with one of us- Rossini, Montana, myself- and explain your position, and why you object to the Austrian school.

      It's not like we hate poor people and want to kill the brown skins- we want EVERYONE--- gay, black, Muslim, disabled, young or old---- to have the best possible life in a world of finite resources and infinite desires.

      If I won the lottery and had 7 sextillion dollars (or about $1M per person)

    2. Damn iPad.

      So, if I could give $1M to everyone on earth, would it make the world better? No, because the resources would stay the same. If a meteor shower of gold hit the earth and rained tiny nuggets on each man, woman and child, would it make them rich? No, because the ONLY way for people to become wealthier is by PRODUCTIVE use of CAPITAL goods (including the savings of those evil rich people, who can invest in creating new capital) and getting the petty bureaucrats and unproductive regulators out of the way, and letting people unleash their talents. As long as someone who has a great idea (look at the shutdown of InTrade today) is hampered by government agents, or has to spend millions to get around their petty laws, the world will get poorer, and the bureaucrats and crony capitalists (and their enablers, like Buffett, Clinton, Bush, Obama, Dimon, Blankfein...) will get wealthier as they steal from the lower classes.

      Does this make sense?

      Please let me know, mlytle