Former Goldman Sachs CEO Lloyd Blankfein talks Wall Street crises, past and future

March 8, 2026

TL;DR

Lloyd Blankfein, former CEO of Goldman Sachs, believes financial crises are inevitable and will happen again.
He grew up in public housing in Brooklyn and overcame a challenging childhood to reach the C-suite.
Blankfein reflects on the 2007-2008 financial crisis, stating that the nature of bubbles makes them difficult to foresee.
He expresses sorrow for investors losing money and feels a sense of personal accountability for events during his tenure.
Blankfein believes that general programs aimed at career advancement and education are more effective than specific diversity initiatives.

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