PODCAST: Goldman Sachs CEO says U.S. must act responsibly on fiscal cliff
Tuesday, October 2, 2012 - 11:41 Chris Kleponis/AFP/Getty Images Lloyd Blankfein, chairman and CEO of Goldman Sachs. The New York attorney general has sued JPMorgan Chase . The issue is mortgage-backed securities peddled by its Bear Stearns unit, leading up to the financial crisis. The case could be a bit of a game-changer. The National Retail Federation this morning predicts we'll buy 4 percent more stuff this holiday season . That would be slower growth than in the past two years. CoreLogic says U.S. home prices rose almost 5 percent in August, the biggest annual gain in six years. Greece started a round of talks with its European lenders today. The government put out its new austerity budget yesterday. It's stuck between creditors who are skeptical the reforms will be enough, and Greek protesters who say the cuts will destroy the Greek economy. Meanwhile, whispers and nameless sources this morning are signaling Spain is preparing to ask the European Central Bank and its creditors elsewhere ...
Goldman CEO against austerity in the short term
The chief executive of Goldman Sachs said Wednesday he is against austerity measures in the short term as the U.S. "fiscal cliff" looms
Found more than 1 month ago on channel CBS