Goldman Sachs chief executive Lloyd Blankfein yesterday said he has not thought about resigning amid accusations the firm helped inflate the housing bubble and then made billions off the market’s collapse.
Blankfein was asked in an ABC interview aired on Good Morning America whether it had ever crossed his mind to resign. “No it hasn’t”, he replied. The Goldman executive underwent a blistering cross-examination from lawmakers during an 11-hour Senate hearing on Tuesday about the firm’s practices.
“We are all citizens and family people and taxpayers and members of our community. I think Washington has a responsibility to respond to the events of the last several years by enacting some kind of financial reform,” Blankfein told ABC.