Does it take the Blues Brothers for us to learn about faith, God and choosing to do the right thing? In light of Goldman Sachs and Bank of America, I am sending my kids to the movies for a religious experience. At least Jake and Elwood were convinced they were on “a mission from God” to reunite their band and keep the orphanage they grew up in from bankruptcy. In fact, you don’t have to rely on my judgement of their intentions. In observance of the 30th anniversary of the movies release in June 2010, the Vatican’s official newspaper L’Osservatore Romano has dubbed The Blues Brothers a “Catholic classic”. In contrast Lloyd Blankfein, the CEO of the 143 year old investment bank Goldman Sachs stated in a November 2009 interview with The Times of London that he’s just a banker “doing God’s work”. I guess in this case, toxic credit default swaps, government bailouts, excessive bonuses and acting with intent against the best interest of his customers are the work of a deeply humble religious man. To put it bluntly then Greg’s Smith deftly penned op-ed fair-well was the work of an atheist or agnostic. Another words Mr. Smith began doubting the holiness with which Mr. Blankfien served the creator. This blight of the pen cost Goldman Sachs shareholders 2.2 billion dollars on paper and will make me think twice about how my business ethics and behaviors intersect with my religious beliefs.
Until next time, be good and cultivate your community of friends.
I am just a banker “doing God’s work” Lloyd Blankfein CEO Goldman Sachs November 2009