Lloyd Blankfein
π€ SpeakerAppearances Over Time
Podcast Appearances
We wouldn't have otherwise transacted with them.
Like you said in the book, it was like one of only like five or seven companies in the country that had AAA rates.
So who would have the temerity to ask them for a margin agreement?
But we had the margin agreement, so we had their collateral.
And so that was because, again, it was our money.
Right, totally.
And so it wasn't like other people's money.
It wasn't speculative.
What was interesting also, I heard this from Alison, which is it was your money, but you also cared about relationships.
You know, she said...
I'll forget the cast of characters that were in this meeting, but I think it was about your kind of LBO financing exposure at the time.
And you said, look, like commitments are in the past and relationships are in the future.
Like go out and make sure that our clients know we're still good.
Oh, I had to do it in the financial crisis.
I'll get to that.
Let me get to that in a second.
But we, yes, I mean, there was a time we had this loan outstanding, you know, to Chrysler.
I remember the CEO then at Chrysler calls me up.
And are you going to honor that commitment?
And I said, yes.