Goldman Sachs' chief executive Lloyd Blankfein has compared the financial sector to the Catholic Church and the Boy Scouts in a discussion over the distrust of institutions in the US. Speaking at an event hosted by The Wall Street Journal on Wednesday morning, Blankfein was asked by the paper's editor in chief Gerard Baker about Goldman's reputation as 'the vampire squid' of capitalism, referring to the description coined by Rolling Stone journalist Matt Taibbi.