Lloyd Blankfein only likened financial to a Catholic Church

Blankfein DimonManuel Balce Ceneta/AP

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Goldman Sachs CEO Lloyd Blankfein has compared the financial zone to a Catholic Church and a Boy Scouts in a contention over a dread of institutions in a US.

Speaking at an eventuality hosted by The Wall Street Journal on Wednesday morning, Blankfein was asked by a paper’s editor-in-chief, Gerard Baker, about Goldman’s repute as “the vampire squid” of capitalism, referring to a description coined by Rolling Stone publisher Matt Taibbi. 

Blankfein responded that there was a dread of institutions in a US after the financial crisis, observant financial was like “the Boy Scouts or a Catholic Church.”

Someone in financial will get blamed for a predicted cycle,” he added, referring to a intensity for a downturn in a economy.

Blankfein has drawn glow before for sketch such comparisons. Though Goldman Sachs later said he didn’t meant to be taken seriously, in 2009 he told the Sunday Times that bankers were doing “God’s work.

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