Friday, May 4, 2012

Mr. Blankfein's Politics

"There's belief among Washington's polity
That Wall Street's Republican - solidly,
As we bankers assent
To the GOP bent
To fight against income equality."

"But on social concerns, it appears,
We set such belief on its ears,
In our scorn for the fringe
That would tend to impinge
On the rights of our gay Muppeteers."

According to, Goldman Sachs CEO Lloyd Blankfein's gay-rights stance "shows Wall Street's dilemma": whereas the financial titans might like Republicans to regulate banking and labor unions, they'd prefer the Democrats on contraception and marital unions. Mr. Blankfein took part in the "Out on the Street" LGBT Leadership Conference on Tuesday at Bank of America's New York office. As he noted in his earlier, robust endorsement of marriage equality in New York (see the video below), Mr. Blankfein believes that such policies are "just good business," facilitating the recruitment and retention of talent around the world. On the other side, the North Carolina legislature is considering a constitutional ban on same-sex marriage, which Bank of America expects will make it yet harder to attract employees to its Charlotte headquarters.

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