Lloyd Blankfein, former Goldman Sachs CEO, urged investors to brace for another 2008-style financial crisis, stressing proactive risk management. Speaking to the FT, he emphasized aggressive mark-to-market accounting and liquidity checks, warning that prolonged stability fosters dangerous complacency. Blankfein, 71, highlighted the lack of recent market turmoil since 2008, which has dulled institutions’ preparedness for sudden shocks.

He cited AI-driven disruptions and lax underwriting at non-bank lenders as emerging risks, urging firms to stress-test assets rigorously. $1.7 billion-net-worth Blankfein’s memoir, *Streetwise*, details his crisis-era leadership at Goldman, where he oversaw risk assessments during the 2007-2008 meltdown. He defended the bank’s role, contrasting it with peers like Bear Stearns and Lehman Brothers, which collapsed due to unchecked asset accumulation. Blankfein also reflected on his career, noting Goldman’s culture clashes and his decision to avoid post-Goldman public roles, citing Trump-era political toxicity.

His memoir aims to demystify Wall Street success, attributing it more to perseverance than genius.