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Goldman's Blankfein calls Warren's criticism of billionaires 'tribalism'


Added 11-14-19 03:10:03pm EST - “Lloyd Blankfein, a former Goldman Sachs chief executive, criticized Elizabeth Wa...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “Goldman's Blankfein calls Warren's criticism of billionaires 'tribalism'”. Below is an excerpt from the article.

WASHINGTON (Reuters) - Lloyd Blankfein, a former Goldman Sachs (GS.N) chief executive, criticized Elizabeth Warren for engaging in the “vilification” of billionaires on Thursday and said that “maybe tribalism is just in her DNA,” after he appeared in the presidential candidate’s latest ad on taxing the super rich.

Warren, a Democratic U.S. senator from Massachusetts, aired a television ad on Thursday about her proposed 2% tax on wealth beyond $50 million. In it, Blankfein is shown with a caption saying he “earned $70 million during the financial crisis.”

The ad also shows a clip of Leon Cooperman, the chairman and chief executive of investment advisory firm Omega Advisors, saying the “vilification of billionaires” is “bull,” along with the fact he was charged with insider trading. Venture capitalist and Republican donor Peter Thiel also appears in the ad, saying he is “most scared by Elizabeth Warren.”

“Surprised to be featured in Sen Warren’s campaign ad, given the many severe critics she has out there. Not my candidate, but we align on many issues,” Blankfein, now a senior chairman at Goldman, wrote in response on Twitter.

“Vilification of people as a member of a group may be good for her campaign, not the country. Maybe tribalism is just in her DNA.”

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