Goldman Sachs (GS) CEO Blankfein Comments at Conference

Goldman Sachs (NYSE: GS) CEO Lloyd Blankfein commented this afternoon at a Merrill Lynch conference.

Key Headlines (via Bloomberg):
- Near-Term Environment Looks Challenging
- Business largely unaffected in bank conversion
- Leverage has not been driver of performance
- Consumer credit will be next phase of crisis
- Goldman has no material exposure to consumer
- Blankfein says we will have tough quarters, even tough years
- May be more difficulty to come
- Goldman is not an advocate of short-selling ban
- Blankfein no intention to do branch banking in many states
- Blankfein says we hear the voices on compensation, bonuses

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