Dec 18, 2016

Lloyd Blankfein on how regulation creates a barrier to entry

There are some parts of our business where it's very hard for outside entrants to come in, disrupt our business, simply because we're so regulated.  In some cases, the burdensome regulation acts as a bit of a moat around our business.

~ Lloyd Blankfein, Goldman Sachs CEO, 2015 podcast

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