Blankfein: Robinhood incorrectly claimed to offer government-insured accounts early on
Lloyd Blankfein · Goldman Sachs Chairman on Why Finance Adopts AI Differently | a16z · May 12, 2026 · at 25:51
Lloyd Blankfein, former CEO of Goldman Sachs, contrasts the regulatory margin for error in Silicon Valley tech startups with traditional regulated financial institutions.
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“I looked at, you know, Robin Hood, great company. But early on, you know, they declared a kind of they declared that they had government-insured accounts that weren't government-insured. They had some slip-ups and a lot of apologies get made. You could do that. We weren't allowed to do that.”
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