The Lloyd Blankfein Quote Of The Week

Courthouse

Actually, there are a few.

Goldman Sachs CEO Lloyd Blankfein appeared as a government witness at the Raj Rajaratnam insider trading trial Wednesday.

Here's some sound bites from his testimony:

On insider information:

'We don't want information about our company to get out until it's appropriate'.

On our Lloyd's reading habits (when asked if he was a daily reader of The Wall Street Journal)

'Sometimes I do. Often I do. But not always'.

On Goldman's function as a market maker:

'We're middlemen. It's a service we do for the world.......our clients'.

On the events of October 2008:

'We were losing money'.

Q - 'What was the significance of that ?'.

'We generally make money'.

Sources - Bloomberg, Reuters, The New York Times

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