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| TIME | SPEAKER | TEXT |
|---|---|---|
| 00:00:02 |
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39 MILLION -- THAT IS THE ESTIMATED NUMBER OF CABLE VIEWERS TO WATCH C-SPAN AT LEAST ONCE A WEEK.... |
| 00:00:16 |
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GOLDMAN SACHS CEO LLOYD BLANKFEIN WAS IN WASHINGTON TODAY TO TALK TO THE SPRING MEETING OF THE COUNCIL... |
| 00:00:41 |
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ALRIGHT. GOOD MORNING. I AM JOE DEAR, CHIEF INVESTMENT OFFICER AND PRIVILEGE TO BE CHAIR OF THE COUNCIL... |
| 00:04:27 |
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JOE, THANK YOU VERY MUCH. THAT IS A VERY, VERY WARM WELCOME FOR ME IN WASHINGTON. [LAUGHTER] I HAVE... |
| 00:06:07 |
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WE WOULD LIKE OUR MONEY BACK. |
| 00:06:12 |
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I WILL ADDRESS THAT AT THE END. THEY HAD SEEN IT. AND I WILL ADDRESS THAT AT THE END. YOU CAN GET... |
| 00:06:18 |
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THANK YOU. [APPLAUSE] |
| 00:06:24 |
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THAT IS MY PROPOSAL. |
| 00:06:27 |
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YOU CAN A PARK -- YOU COULD ADDRESS IT NOW. |
| 00:06:28 |
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I UNDERSTAND. MEANINGFUL CHANGE ANY EFFECTIVE REFORM OUR FIGHT ALL AND SHOULD NATURALLY EMANATE FROM... |
| 00:32:32 |
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THANK YOU VERY MUCH, I HAVE A QUESTION TO ASK. ONE THING THAT YOU MENTIONED IS THE OVERALL REGULATORS,... |
| 00:33:06 |
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WE HAVE PROS AND CONS AND WE WILL PARTICIPATE IN ONE WAY OR ANOTHER IN THE DEBATE, BUT THERE WILL... |
| 00:34:29 |
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ONE QUESTION THAT HAS COME UP, THERE IS THE SUSPICION THAT WHEN AIG GOT THEIR BAILOUT, THE BENEFICIARY... |
| 00:34:55 |
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I BELIEVE THAT AIG IS A TOPIC THAT EVERYBODY -- THIS IS PROVOKING A LOT OF ANGER FOR EVERYONE TO BE... |
| 00:38:08 |
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LET ME SPEAK TO THE MEMBERS. |
| 00:38:13 |
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I HAVE A QUESTION THAT YOU MENTIONED, REGULATORS CANNOT REGULATE WHAT THEY DO NOT KNOW, ONE SUGGESTION... |
| 00:39:15 |
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I WOULD NOT WANT A SYSTEM THAT PRECLUDED ALL OF THE NUMBERS. THIS IS A DIFFERENCE BETWEEN NIMBLENESS,... |
| 00:40:35 |
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WE HAVE TO DEAL WITH THE PEOPLE -- |
| 00:40:42 |
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THERE IS NO DEGREE OF TRANSPARENCY TO ARTICULATE THAT I WOULD NOT BE [UNINTELLIGIBLE] WITH THE REGULATORS.... |
| 00:41:01 |
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I AM FROM LONDON, AND I THANK YOU FOR SHARING YOUR INSIGHTS, THIS IS VERY VALUABLE. THE LEVEL BELOW... |
| 00:42:20 |
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I THINK THAT YOU HAVE TO LOOK ON THE LONG-TERM PERFORMANCE, AND WE DO THIS. WE ARE LOOKING AT THIS... |
| 00:43:36 |
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I WILL ASK YOU ON BEHALF OF THE AUDIENCE -- |
| 00:43:42 |
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DO YOU BELONG TO THIS ORGANIZATION? [UNINTELLIGIBLE] |
| 00:43:51 |
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WHY SHOULD TAXPAYERS BAIL OUT GOLDMAN SACHS. |
| 00:43:58 |
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WE WOULD LIKE SOME RESPECT SHOWN FOR THE ORGANIZATION AND THE GUEST. |
| 00:44:02 |
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WE ARE SOCIALIZING -- [APPLAUSE] [UNINTELLIGIBLE] |
| 00:44:15 |
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IN RESPONSE, ASIDE FROM THE LACK OF CONSIDERATION, THAT IS REFLECTING A PREVAILING VIEW IN THE WORLD,... |
| 00:46:54 |
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GALE? |
| 00:46:58 |
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I AM FROM THE WISCONSIN INVESTMENT BOARD. LEVERAGED SEEMS TO HAVE BEEN ONE OF THE ISSUES AT THE BOTTOM... |
| 00:47:22 |
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AS I HAVE SAID, LEVERAGE IS AT THE BOTTOM OF EVERY EXTENSION OF THE RISK, AND I BELIEVE THAT THIS... |
| 00:49:45 |
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I WOULD LIKE TO ASK A RELATED QUESTION. I KNOW HOW THE WOMEN FEEL, BUT I BELIEVE THAT POPULISM HAS... |
| 00:51:13 |
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WE NOT ONLY GO, WE ALSO SPONSORED THE EVENTS, BUT WE HAVE ADJUSTED OURSELVES TO THE NEW DYNAMICS,... |
| 00:53:38 |
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WE ARE A PENSION FUND BASED IN LONDON, AND WORKING FOR THIS CORPORATE GOVERNANCE -- I WILL SPEND A... |
| 00:54:26 |
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CORPORATE GOVERNANCE IS VERY IMPORTANT, THE SAME WAY THAT RISK-MANAGEMENT IS IMPORTANT. THIS IS NOT... |
| 00:57:16 |
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WE HAVE TIME FOR ONE MORE QUESTION, THIS IS COMING FROM MY TRUSTY. |
| 00:57:25 |
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IN YOUR REMARKS, YOU MENTIONED, ABOUT THE OFF-BALANCE SHEET TRANSACTIONS, THE CONTRIBUTOR TO THE FINANCIAL... |
| 00:58:24 |
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YOU HAVE TO LOOK AT THE BALANCE SHEETS, HOWEVER, A COMMITMENT IS A COMMITMENT. AND IF YOU WIN. COMPANY... |
| 01:00:07 |
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I AM GLAD TO HEAR THAT YOU HAVE ADDRESSED THIS, BUT IN TERMS OF THE INDUSTRY, DO YOU BELIEVE THAT... |
| 01:00:17 |
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THIS IS GETTING A LOT OF ATTENTION, I AM NOT CERTAIN THAT WE REPRESENT THE MAJORITY VIEW IN SOME OF... |
| 01:01:32 |
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THIS WILL BE THE FINAL QUESTION. |
| 01:01:39 |
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I AM REPRESENTING AN ASSET MANAGEMENT COMPANY FROM LONDON. DO YOU HAVE MORE ON WHAT THE INVESTMENT... |
| 01:02:11 |
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I THINK THAT ALL OF THESE ISSUES ARE VERY IMPORTANT, AND THESE MAY BE THE MOST IMPORTANT, NOT NECESSARILY... |
| 01:03:55 |
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WE ARE OUT OF TIME. I WANT TO THANK YOU FOR YOUR PRESENTATION. |
NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.
