The Ledger, every show
Every statement that passed quotation and attribution checks, across all 44 shows. Pick shows below, then mix any filter with any other.
shows 
every show 44 of 44
Blankfein: Robinhood incorrectly claimed to offer government-insured accounts early on
“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…”
Blankfein: Goldman Sachs fully hedged its 2008 AIG exposure with collateral agreements
“We were fully hedged because we had bought credit protection. Right. But we also had a collab. So we go, we, a single A credit, got a collateral agreement with AIG AAA.”
Blankfein: The large language model market will eventually consolidate to two winners
“The world may not need 10 large language models. Maybe it needs four will be winners, and two will be very big winners, and the other two will get by, and maybe it'll get reduced over time to two.”
Blankfein: AI automation will not create permanent mass labor displacement
“Turn back the clock at the beginning of the 20th century. More than half the country was in agriculture. Guess what? A single digit percentage is today. People found stuff to do. We'll find stuff to do.”
Blankfein: Western institutional investors will make fewer investments in China going forward
“We're not gonna be making as many investments in China as we once did. There's not none, but it's not gonna be as much.”
Blankfein: The repeal of Glass-Steagall forced Goldman Sachs to go public
“So we had to, you know, if J.P. Morgan was gonna become an advisor, we had to become a good lender and a good financier. So it meant that we had to have a bigger balance sheet. Couldn't run that on impermanent capital of a partnership. And so we had to go publ…”
Blankfein: J. Aron sold to Goldman Sachs at peak market valuation
“And of course, the savvy, streety guys at Jay Aaron extrapolated the value of the firm at the peaky, peaky part of its thing and sold itself to Goldman.”
Blankfein: Financial sector leads all industries in tech adoption and spending
“No one who's a better adopter Or pays more. Sure. Except for obviously the hyperscales themselves who want to be the providers of the technology, but in terms of use of the technologies you know, the financial area is, you know, wants to be on top of it.”
Blankfein: Goldman Sachs gained a massive advantage from early risk system investments
“Our risk systems, by the way, we had a huge technological advantage because of what we invested in Early on.”
Blankfein: Goldman Sachs's first S&P cash-and-carry trade was a record $100 million
“And the first order that came in, and this was like in, back when this was real money, was for a hundred million dollars worth of this. That was by far the biggest trade ever.”
Blankfein: AI hyperscalers are led by founder-owners risking their own equity
“The people who are, you know, the big hyperscalers are firms that are dominated by founding shareholders who are putting their own money where their mouth is. These aren't professional managers Making bets on the future with other people's money. This is their…”
Blankfein confirms Wall Street legend about eating salad during active shooter scare
“No, that was, yeah, that was real, but it wasn't, you know, it wasn't like I was hungry. I saw every, you know, I always used, in moments of crisis like that, I always tried to be disarming.”
Blankfein: Goldman Sachs still uses the core structure of 30-year-old SecDB
“It was so good and so flexible that I think it's like, the system must be between 25 and 30 years old, and the core of it is still implemented.”
Blankfein: Goldman Sachs required 25 years to preserve partnership culture post-IPO
“In an instant, legally, but it's taken 25 years to get it done in a way that it wouldn't undermine the partnership culture.”
Blankfein: Goldman Sachs honored its Chrysler loan commitment during 2008 crisis
“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? …”