'This is what panic looks like': Sanders team hits back after Wall Street criticism

Campaign responded after Lloyd Blankfein, former chief executive of Goldman Sachs, said Sanders would ‘ruin’ US economy

Bernie Sanders’ campaign has accused the “Wall Street elite” of panicking after one of its leading figures attacked the presidential candidate in the wake of two straight victories in the nomination process.

In a Twitter post on Tuesday Lloyd Blankfein, former chief executive of Goldman Sachs, said Sanders’ election would “screw up” the US economy and delight Russia.

“If Dems go on to nominate Sanders, the Russians will have to reconsider who to work for to best screw up the US. Sanders is just as polarizing as Trump AND he’ll ruin our economy and doesn’t care about our military. If I’m Russian, I go with Sanders this time around,” he wrote.

But the Sanders camp hit back on Wednesday.

“This is what panic from the Wall Street elite looks and sounds like,” Faiz Shakir, Sanders’ campaign manager, responded in a tweet.

Blankfein’s post came after Sanders won the Democratic primary race in New Hampshire after a narrow loss to rival Pete Buttigieg in Iowa.

Sanders has said that billionaires “should not exist” and proposed a wealth tax on the richest Americans.

Blankfein – who has a personal fortune of over $1bn – announced his retirement in July 2018 after 12 years at the head of Goldman Sachs. He has sparred with Sanders, a self-described democratic socialist, in the past over Sanders’ plans to limit the amount of their own shares companies are allowed to buy back.

In 2012 Sanders called Blankfein the “face of class warfare” for supporting cuts to social security, Medicare and Medicaid and the two have previously sparred on Twitter.

Actually, my concern has to do with the fact that you had no problem getting bailed out by working Americans, while you've been picking on them by advocating for cutting Medicare, Medicaid and Social Security. https://t.co/m7KN9ul7EP

— Bernie Sanders (@BernieSanders) July 12, 2019

Blankfein, a registered Democrat, supported Hillary Clinton in the last election.

Contributor

Dominic Rushe in New York

The GuardianTramp

Related Content

Article image
Congressional hearings grill banking's biggest names

There have been a number of government hearings into the financial crisis on both sides of the Atlantic - but this is the big one

Dan Roberts

13, Jan, 2010 @1:48 PM

Article image
Goldman Sachs reveals plunging Wall Street profits
Wall Street bank contributed $600m (£395m) to Alistair Darling's one-off bonus tax and revealed that its wage and bonus bill reached $9.2bn in the first half of the year

Jill Treanor

20, Jul, 2010 @4:56 PM

Article image
Goldman Sachs: David Solomon, veteran banker and part-time DJ, named new boss
Solomon, 56, will take over from Lloyd Blankfein – who steered the bank into and out of the financial crisis – on 1 October

Dominic Rushe in New York

17, Jul, 2018 @2:44 PM

Article image
Wall Street banks share Brexit fears and warn UK jobs could move overseas – report
US bankers meet commerce secretary Wilbur Ross in London and warn him Britain’s troubled exit from the EU could force them to quit the UK

Dominic Rushe in New York

07, Nov, 2017 @11:07 PM

Lloyd Blankfein. King of Wall Street defiant under siege | profile

Profile: Lloyd Blankfein. The usually good-humoured boss of Goldman Sachs, angrily contesting the $1bn fraud case the bank faces, is not used to being on the back foot

Andrew Clark

24, Apr, 2010 @11:05 PM

Article image
Wall Street duo make $150m each on back of Trump election victory
Shareholdings of CEOs at JPMorgan and Goldman Sachs surged by $314m far outstripping bosses at US and European rivals

Julia Kollewe

24, Jul, 2017 @10:36 AM

Article image
FEC report: stars back Sanders, Goldman Sachs is Team Bush and other findings
Marco Rubio’s favorite sports team donated to Jeb Bush, as the Federal Election Commission’s Ellen Weintraub made light of Donald Trump’s ‘massive wealth’

Ben Jacobs in Iowa and Tom McCarthy in New York

15, Jul, 2015 @11:33 PM

Article image
Brain food: An anthropologist visits Wall Street
Aditya Chakrabortty: A new ethnographic study reveals the inner life of American bankers

Aditya Chakrabortty

27, Oct, 2009 @12:05 AM

Article image
Obama softens stance on Wall Street bonuses

US president says leading bankers are 'very savvy' and says having wealth is 'part of the free-market system'

Andrew Clark in New York

10, Feb, 2010 @5:24 PM

Article image
Carmen Segarra, the whistleblower of Wall Street | Gary Younge
Gary Younge: One Federal Reserve employee’s refusal to play along with a rigged financial game has made her a true modern dissident

Gary Younge

05, Oct, 2014 @7:48 PM