Lloyd Blankfein

But I've absorbed the pejorative that, oh, gosh, Wall Street is kind of menacing.

On the other hand, when I think of what Wall Street does –

You know, people get a butterfly net if I think there's some nobility to it.

But I really do think it's hugely valuable because Wall Street creates the efficient markets that allows capital to find a good home, which is why U.S.

leads in innovation.

And it's also ruthless in the way that mistakes get corrected quicker here.

In China, you build a building or an airport in the wrong place, it will stay there forever.

Who the heck is going to say you made a mistake?

But here, you build an airport in the wrong place.

The bank repossesses it, feeds it, they'll get paid.

They pave it over and they build a Walmart.

Next.

And so that's why our economy does well.

And I think the crux of it, the fulcrum of the lever is what Wall Street does.

It's the invisible hand that people talk about, the capture of the animal spirit.

Frankly, I think it plays a big role in...

being for america to be able to afford its greatness i'm not going to say it's the source of greatness but without the wealth creation without the innovation the jobs the growth we agree really how great would we be we agree and it you know and it's very well connected in the main street more so than the average american thinks right the second word lloyd i say the word risk you say what

Well, in a good word association, I should say anxiety, but I think for me, risk, the sense that Mealy follows, what do you want to do?

So in other words, to me, risk in of itself is not something to eschew.

It's just...