Blankfein: Goldman Sachs honored its Chrysler loan commitment during 2008 crisis
Lloyd Blankfein · Goldman Sachs Chairman on Why Finance Adopts AI Differently | a16z · May 12, 2026 · at 51:58
Lloyd Blankfein, former CEO of Goldman Sachs, discusses maintaining institutional integrity and honoring client credit commitments during market panics.
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“There was a time we had this loan outstanding, you know, to Chrysler. I remember the CEO then at Chrysler calls me up. And are you gonna honor that commitment? And I said, yes. And I think it was due at a certain, and I said, and he said, can you do that now? I said, no. I said, I'm gonna honor it, and I'm not gonna, it's not gonna be for more than we committed to, and it's not gonna be sooner than we committed. I promise you, we will honor our commitment, but in this market, we're not gonna do more, and we're not gonna do it earlier. And we did all of that, we did all of that stuff”
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