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Blankfein: Romney's Gonna Win

Goldman Sachs CEO predicts Republican nominee
By Neal Colgrass,  Newser Staff
Posted Jan 9, 2012 4:14 PM CST
Goldman Sachs CEO Lloyd Blankfein Predicts Mitt Romney Will Win Republican Nomination
Lloyd Blankfein, chairman and ceo, Goldman Sachs speaks to the 2011 CARE Conference and International Women's Day Celebration in Washington DC, March 9, 2011.   (Getty Images)

(Newser) – Prophecy, or wishful thinking? The CEO of Goldman Sachs is apparently predicting Mitt Romney will win the Republican nomination and be well positioned to take the presidency, the New York Post reports. Lloyd Blankfein's forecast measures on the Who-Cares-Meter because Goldman Sachs successfully bet against subprime-mortgage debt (while a client allegedly created it) and picked Barack Obama to win the presidency.

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But Blankfein does have a horse in this race: He hates the Dodd-Frank financial-reform law, which critics say hurts big banks and ignores issues that led to the 2008 economic meltdown. “Goldman Sachs will not support Obama,” Blankfein was heard muttering at a dinner recently. The Post sounds confident that Blankfein's word—heard through the grapevine—is gold, but then he's under investigation for allegedly misleading a Senate committee looking into the firm's activities. (Read more Lloyd Blankfein stories.)

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