EXCLUSIVE: Blankfein named in rant, funds plot against Obama.


Goldman’s Blankfein….wide parting

Loyd Blankfein gags are doing the rounds of Wall St at the minute, The Slog’s favourite being that his hairline is in deep recession. But the Goldman Sachs CEO has more serious challenges than those involving follicles. As well as losing his hair, the word on The Street is, increasingly, that the slur of fraud will not leave Big G until Blankfein is an ex-CEO. The shareholders were happy to support him publicly two weeks back, but as more doo-doo seeps out of the sewers, you can expect to see sentiment changing abruptly. For like it or not, Blankfein has been by far the biggest influence on the amoral culture widely alleged to reign supreme in its various office buildings across the globe.

Now The Slog has been told that Loyd (while a strong Democrat) doesn’t seem to like Democratic Presidents who pass healthcare bills and question Goldman’s business ethics. A senior insider’s chum explains that the GS CEO is becoming subject to rants of a mixed Anglo-Saxon and classical Latin nature on the subject of President Obama.

“I’ll spare you the expletives” said our source, “but the gist of it was Blankfein thinks Obama is a starry eyed do-gooder who won’t make it to a second term. And he’s hard at work ensuring that Wall St doesn’t give the Democrats a red cent towards his re-election”.

One would be inclined to put this in the ‘obvious gossip’ file were it not for the fact that first, a Slog contact based in California confirmed that Wall St contributions have indeed dried up drastically of late; and second, the ‘rant’ story has started being obliquely referred to in one or two US financial titles.

Blankfein may be a Harvard-trained lawyer by discipline, but by background he is from a dirt-poor East Brooklyn neighbourhood. Apparently the street argot of those times has stayed with him. Our main source observed:

“When Sam Giancana was caught on tape saying similar stuff about Kennedy in ’62, it caused a lot of people to wonder whether JFK’s death was a mafia hit”.

Giancana was a senior wheel in the mafia at that time. He complained early and often that JFK’s unlovely father Joe had ‘welched’ on a deal to go easy on the Mob. The theory was that the Mafia killed Jack to make his Attorney General brother Robert persona non grata in government – an outcome that Lyndon Johnson obligingly fulfilled at the first opportunity.

The Slog would never, of course, be so scurrilous as to suggest that Mr Blankfein would dream of stooping to that kind of solution. What is clear is that Loyd hopes to outlast his bete noir – and no, that isn’t a racist slur.