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Net Net: Promoting innovation and managing change

Clinton to Geithner: Slit Blankfein's throat? Nah

U.S. Secretary of the Treasury Timothy Geithner testifies during a hearing July 25, 2012 on Capitol Hill in Washington.
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Faced with a dilemma over how to treat Wall Street heavyweight Goldman Sachs during the financial crisis, then-Treasury Secretary Timothy Geithner received some fairly stunning advice from former President Bill Clinton.

Clinton suggested Geithner could take Goldman CEO Llloyd Blankfein into a dark alley and kill him.

Then he noted that it probably wouldn't help.

You could take Lloyd Blankfein into a dark alley, and slit his throat, and it would satisfy them for about two days. Then the blood lust would rise again."

The rather shockingly blunt language appears in Geithner's tell-all financial crisis tome to be released next week, according to various accounts, including this one in The Daily Beast.