Real-Time Coverage of Goldman Sachs CEO Lloyd Blankfein at WSJ Deals & Dealmakers Conference

This is CNBC.com's real-time coverage of Goldman Sachs CEO Lloyd Blankfein's Keynote Interview with Alan Murray at the WSJ Deals & Dealmakers Conference in New York on Wednesday, June 27, 2007. 

All times are Eastern.

You can also see live video coverage of the entire conference on the CNBC.com Live Events Player. 

9:44AM:  The event has begun.

9:45AM: Blankfein says Goldman is agnostic on whether market has hit a top.  Conditions seem quite benign if you look at the underlying funadamentals.

9:47AM: Q. Is there less risk in the world or is there more liquidity?  A.  The world has gotten less risky but that doesn't mean in the future we won't look back and say we underestimated the risk.

9:50AM:  It's smug to think there's no risk but its also smug to think that the world will revert back to the way it was.

9:51AM: We have to prepare for the possibility that risk is being underestimated, but must also see that world is creating a lot of wealth.

9:53AM: We should have a conversation about a bubble bursting in prospect.  It's easy to see a bubble in hindsight.

9:54AM: With the benefit of hindsight, if we lose money on private equity we will regret doing it.  But right now the risk seems reasonable.

9:56AM:  Private equity boom has not peaked.