Former Goldman CEO Lloyd Blankfein on reopening the economy, PPP loans and more

Lloyd Blankfein, former Goldman Sachs chairman and CEO, joins "Squawk Box" to discuss reopening the economy, the latest jobless claim numbers, the small business loan program, the banking sector and more.
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[@tthex6484]

Lloyd was the leader in one of the 14 families (banksters) in the last crush, slash and steal crisis. He is an expert at stealing

[@TheAvtrey]

Airlines are financially irresponsible. Yet, get bailed out. They chose to conduct stock buybacks instead of making a healthy balance sheet for years.

[@duchoang7856]

You sound smart, how would you preferred?

[@BoomBustBlog]

@@duchoang7856 How about taking the stock buyback money and reinvesting into the company to make it more efficient, more resilient, more technologically adept. You know, like.... a real business!

[@duchoang7856]

@@BoomBustBlog Agreed what you are saying, but my original reply to him was how can he solve the current problem. Your comments work when things are safe and not a solution at the moment.

[@brianly2301]

😧😧😧 is the world changing or I am not. Where are all the good ppl that we use to have

[@SeecretWeapon]

oh look, they bring a criminal on TV and praise him

[@JasonGafar]

hahahaha.

[@mythos4]

“Hey, you destroyed the economy once, what do you think we should do now?”

[@mberryfr]

cant believe they did not monitor the virus and stopped it..... so many hopes and dreams lost :(

[@Mrbfgray]

No he didn't.

[@douginorlando6260]

When all you want is a bigger slice of the pie and you don’t care if the whole pie shrinks, then the virus is your friend. After all you’ve got the FED and Secretary of Treasury in your pocket

[@mythos4]

@E W Goldman Sachs Apologizes, Gives Back Goldman announces $500M small business program, CEO apologizes for bank mistakes By ZUNAIRA ZAKI and ALICE GOMSTYN November 18, 2009, 10:27 AM "We participated in things that were clearly wrong and have reason to regret," Blankfein said during his remarks at the National Association of Corporate Directors in New York City, where he was honored as CEO of the year. "We apologize."

[@hansvon8609]

E W These people believe in anything their commie circles tell them.

[@adambohm4367]

Al Capone was honest about who he was. No one misunderstood his position. He did not try and make people believe he was doing “gods work” bill$hit

[@christopherknguyen7736]

This is the same rat in 2008 try to rip off their private (VIP) clients.He shorted the market when he tells his private clients to buy...This rat should be in max security prison...Can’t believe he’s still running GS.

[@abelink7102]

Not running GS...

[@mountainjay]

Lloyd Blankfein is the biggest tool I've ever seen!!!

[@Zetler]

Essentials are being paid less than the unemployed these days and it’s a damn shame.

[@netstarr77]

He looks like his karma has caught up with him for all the damage he did to the world economy from his crooked ways at GS.

[@hansvon8609]

netstarr77 He’s 65 years old, went through cancer while getting his firm out of a recession. Please don’t hate on people more successful than you.

[@reneel2441]

Sorry for his personal hardships but lets call a spade a spade... the FED is pumping the market it is NOT based in reality it will crash when they want it to crash...

[@waynesimpson4081]

Let me guess: huge deficits to bailout Wall Street, but afterwards, he'll say no money for Social Security.

[@bubba8524]

i hate what he stands for but he makes a good point.

[@hansvon8609]

Bubba You’re learning but learn to remove the hatred for the successful.

[@joebie7315]

@@hansvon8609 He successfully stole.

[@davidadelkun2574]

They acted recklessly. All these scenarios must have been ran previously. There were sound reasons they were given limitations. I'm sure the brain-trust understands what is about to happen, which makes me think all these "mistakes" being made are on purpose. And for god sake, look who you are asking.

[@musikpal]

Of these 30+ millon People, there are also some who only lost their hours, but are still working, as well.

[@dhiaalfa355]

Anybody see which books he has?

[@kimashley112]

This guy should be in jail !!!!

[@truefreedom9308]

i honestly thought this was peewee herman

[@baderinwa1]

They should lead by example. Let them work one week in a hospital, grocery store, or meat packing plant.

[@johanberggren349]

7,20 haha choking on his words

[@krisanderson3796]

If lower GDP means lower life expectancy, shouldn't of had been going down due to begin "the best economy ever" when in fact the U.S.life expectancy has been declining for almost the same time frame as this last bull market

[@JMnyJohns]

Fallacy of bifurcation in the first 2 minutes. It isn't an either/or question of the economy. You could, for example, stay closed but pay everyone their salary to sit at home. Do the math - it's less than we've spent on wall street so far. A lot less.

[@kristaylor7119]

This guy is evil

[@peterflanagan7585]

Thanks

[@peace8373]

Lloyd, you took all the government money you can get. You are part of the problem, you see labor as an adversary. Just think if you worked for the good of the company and workers. But your class just believes the investment class should get their share before the workers.

[@jimd.2683]

It's disgusting how over compensated these people are.

[@hansvon8609]

How? They handle hundreds of billions of dollars, even trillions.

[@ClearOutSamskaras]

What people are you talking about?

[@tclinn2909]

America needs a transformation badly. We need to get back to "One nation under God." Our morals have deteriorated. We've elected questionable characters as our commander in chief. Don't ask the money changers for solutions. We've been duped and need to get back on the right track. It's not too late. Stay righteous and fight for freedom. Do not give up your 2nd amendment rights. May God continue to bless America.

[@xtrailz]

The only thing this man plans for is the next bailout, and how he can spend it

Serving your client while BETTING AGAINST HIM!

[@KK-pm7ud]

He looks like the poor man's Jeff Bezos if you saw him in a funhouse mirror. Wicked smart tho.

[@ARS757]

That is a terrible thumbnail, they are smiling even though 3 million more people are jobless.

[@e3erockstar08]

HBO’s “Too Big to Fail” did a great job casting his character (Evan Handler). “ THERE’S BLOOD IN THE WATER!!! WE NEED TO MAKE A KILLING!!!”

[@Lucastos311]

There are NO CDC guidelines for reopening... They are being held back from being released.

[@patrusso7278]

Don't look to the cdc for guidance. They were wrong most of the time. And if they CARED so much about spread of disease...why did they never suggest to close the border... or stop airplane travel in Jan or Feb?

[@MrKongatthegates]

Rich people always say the same thing. They never even consider helping the lower classes survive the virus. Just say poverty causes death. Its your problem not mine buddy!

[@springteen3743]

People should take their investment out golman before is too late

[@mmmm7433]

Blankfein 4 prison

[@sailorforlifebestti3366]

Goldman was run horribly. Who are these people?

United Airlines should go belly up and be taken over by competitors, if capitalism worked!

[@christopherdennis4280]

What's with fidgety Joe?

[@andresmarchena1758]

there is no good or bad in economic terms, everyone serves their clients and their own interest. Billionaires and their wealth is a reflection of their environments

[@christiantretter4605]

All of these comments seem irrationally butthurt/jealous. Like the only thing you know about these companies and men from the financial crisis is what you heard on the news. He seems like a decent, hardworking guy. If you work hard and get lucky, you can be lucratively rewarded. Also, you can’t just stereotype an entire sector of the economy. Bankers are one of the most essential people in an economy. An economy needs bankers to run smoothly. I don’t see how the hatred/jealousy is justified.

[@hansvon8609]

Christian tretter He went from the projects sharing a bedroom with his grandmother and sister to Goldman Sachs CEO and all these people can do is hate.

[@davidc2838]

Christian tretter They are not irrational at all. He, GS and other banks packaged crap loans, sold them as Triple A Rated and then screwed over their clients until they unloaded the bad debt and protected themselves. A real criminal enterprise but “Government Sachs” has Ex GS people in control of the money supply. No one went to jail...yet the wrecked the economy. Watch The Big Short if you’re not familiar. Cheers

[@ronaldronald8819]

L.B. Truly one of the greatest.... >> CRIMINALS

[@Dhruva_Nakshatra]

lloyd says GET BACK TO WORK... hes got dividends to collect.

[@banditonehundred]

Our your grandkids will learn about how this guy made them poor

[@rre-group7521]

Gold stocks protect yourself

[@jasonl2038]

Taiwanese American invented the n95 mask!!!! 🇹🇼 🇺🇸!!!! The guy is coming out of retirement to help fight coronavirus !! 3m gives that guy a nice piece of chunk of royalty!!

[@bfyew6355]

The whole world is laughing and waiting to count body bags

[@snowaIker]

Hear how the rich talk about it so lightly? Health vs. health. Sure, you poor needs to choose between a rock and a hard place. As for us, the rich, there is only happiness.

[@Nicolas-uu3jr]

that part that is from around min 16 to about 17 is magic time, golden boy asks him wtf and he just answers COZ...., you are playing a dangerous game, again...

[@osmarsantanafilho3184]

Man, there’s no men on earth who scarys me most than this guy! If I imagine a how of the demon looks like, his face come trough my mind

[@toology55]

Dr. Evil

[@tomtomclub3423]

mini me

[@wavymcfly]

Lucifer himself

[@radamik]

Is Mrs. Blankfein going back to work. Let’s hear about the important person in that marriage, not this nonentity.

[@alanedwardjustin]

No matter which way you slice it people are going to suffer if not die. The lesser of two evils is no good if one is 97 and the other is 95%.

[@douginorlando6260]

It’s not gonna be happy times for the rest of the decade. Employment will not fully recover until 10 or 12 years

[@rj1st238]

So he admitted poverty affects negatively people health? hmmm

[@johanberggren349]

it is incrediable indeed

[@joeywolff5293]

CNBC is lucky to have LLoyd, Lloyd is one of the smartest people there is even though he is a democrat

[@busterdan22]

And in these times America will lose its super power ❤️❤️👏👏👏👏👏😘🤗🤗🤗

[@Luckywave268]

"Maybe they didn't notice the trillions and trillions of dollars on top of our trillions and trillions of dollars and I'm thinking to myself obviously we always return dollars because we have a printing press, the question is what are those dollars going to be worth in ten years?" *Buys Bitcoin*

[@errorsofmodernism9715]

this guy belongs in prison

[@JohnSavona]

OPEN UP THE ECONOMY NOW!

[@mmmm7433]

Thief

[@adambohm4367]

Government sacks

[@Hsinkuang]

It is not fair at all before this pandemic, which make more people to notice it afterward.

[@jacobpeguero4115]

ugh i really hate billionaires

[@terrencehooi2520]

Time to establish and capitalize on the next leg down...

[@joeywolff5293]

Lloyd is the GOAT

[@Menchman]

When people love money as much as guys like him, lack of it can become a health issue.

[@esq.m7076]

The stop 🛑 gap may perform well in the coming days due to the stimulus ... many lost jobs can be recompensed shortly when the lockdown and crisis is over. 👍🏼❤️ the key is to prevent an onslaught of red herring.

[@anchorpoint5871]

evil ! you dare show your face on tv!

[@dachanist]

Blankfein is tearing himself away from the screens to do this to stay current. He just wants to go back to trading though.

[@lunarmodule6419]

"We are experiencing here" ... Ya its call redistribution of wealth! It really took 60000 deaths to finally send checks to people.

[@coinhawk]

Llyod knows .... he is sitting pretty ... ready to be the vulture that he is .... swoop down and gobble up. ... he will have his nxt rise immediately after the crush crash ...

[@mmmm7433]

Creep

[@timstorey7915]

Socialism for the rich is always supported by the rich, eh?

[@radamik]

And just for the record this guy’s self presentation is repulsive. All that money and he looks and behaves like this? You’ve got to be kidding me.

[@khunchai43]

I know nothing about 1MDB, Chinese Wall. 🤞

[@jackryan2135]

More reptile than human.

[@lppoqql]

Joe is really suking up to him right there huh.....

[@TheDaftySage]

Isn't this the guy who gave us the 2008 financial crisis?

[@kenzong8427]

why someone told me he's a Vampire Squid? why Roubini said some at Wall Street should be sent to guillotine??wat crime had this wise guy committed? why most of the comments so negative.

[@hollyhatch1055]

Slippery sac

[@nzshareman]

Omg this is a genius I don't understand how he is so insightful NOT ! Woopy do every know things be opening back up get me on next in the next einstein

[@KIRITGB]

Ö

[@stella-mariarallis]

It´s interesting that so many people hate Goldman Sachs. Yet they are watching the videos. If you don´t like Lloyd, don´t watch him.

[@tigran1993]

Lloyd looks horrible

[@HenrikScheel_]

Like him or not, he is pretty cool.

[@webdeuce]

WTH - He literally looks like an ugly baby now ... save us Fed Daddy ....

[@dennispetersseruwooza9840]

H