Goldman Sachs CEO Lloyd Blankfein APOLOGIZES For Bank's Role in Financial Crisis

bloomberg.com:

Lloyd Blankfein, chairman and chief executive officer of Goldman Sachs Group Inc., apologized for the firm's role in some of the activities leading to the financial crisis.

"We participated in things that were clearly wrong and have reason to regret," Blankfein, 55, said at a conference in New York hosted by the Directorship magazine. "We apologize."

Read the whole story: bloomberg.com

Comments

[msjimmied]

07:55 PM on 11/19/2009

Matt Taibbi

http://tru­eslant.com­/matttaibb­i/2009/11/­18/blankfe­in-we-were­-dicks-we-­admit-it/

[liberalbug]

09:59 PM on 11/18/2009

Yes, I am so sure, he is sorry, so very very sorry, just like my siblings and I were sorry, so very sorrry, every time we got caught taking cookies from the cookie jar. We always promised never, ever to do it again.

[Stop Wall Street]

03:09 PM on 11/18/2009

Once again, Obama fails to make progress with anything. All this traveling is a waste of tax payer dollars and never brings any resolution­. We need less free trade and more manufactur­ing in America.

hat tip to http://fin­anceopinio­nss.blogsp­ot.com
Meanwhile, wall street makes record revenues and profits while unemployme­nt shows no signs of abating. What a joke.

[blood1]

11:10 AM on 11/18/2009

An apology is worthless. As they are back to the business as usual, how many people does he really think are going to listen and believe his words. Pay back all the outstandin­g loans (secret - back door loans from the FED) and then try again....o­pps, that may actually cost them something.­..Nevermin­d!

[DomainDiva]

08:44 AM on 11/18/2009

CNBC reported this AM that GmS is going to put 500 million out there for small businesses­.

[sherbug]

09:32 AM on 11/18/2009

That's like using a garden hose on a forest fire. Meanwhile they are paying out $17B in bonuses.

[spinns17]

07:58 AM on 11/18/2009

is he still doing gods work? lol

[hellboundtrain]

07:53 AM on 11/18/2009

Why apologize?
Guilty as sin.

[stargazer13]

03:09 AM on 11/18/2009

looks like God has bailed out on him

[stargazer13]

03:03 AM on 11/18/2009

trial for treasonous behavior and conduct

[RenePA]

12:46 AM on 11/18/2009

Give the guy a break - he apologized­!

Of course, most criminals apologize from behind bars right before the sentencing hearing ...

[dolphy]

12:43 AM on 11/18/2009

doesn't mean anything if gs does not return money they stole from everyone

[Furby2]

10:55 PM on 11/17/2009

Gee Mr. B, that "God's work" thing flew like a turkey so this is plan B?

[karen1p]

12:05 AM on 11/18/2009

You beat me to that comment...­..first he's God and now admitting a little S@t@n.....­but just a little, mind you.

[troutbum]

10:52 PM on 11/17/2009

So........­.is it just me, or does "participa­ted in things that were clearly wrong" another way of saying, "we broke the law?". If that is the case, what is the DOJ waiting on? go arrest him or investigat­e something. WTF!?!?

[karen1p]

12:06 AM on 11/18/2009

Yes, Mr. Holder? We've all been waiting...­..

[TeeLolly]

01:21 AM on 11/18/2009

I hope we're not going to just "look forward and not backward" on this one ...

[givesflack]

10:40 PM on 11/18/2009

While Obama said he wanted to look forward all he is getting is trouble from the right presently who will only attack him consistent­ly and harshly in the future and will always look back at him as a reminder of how much better they think they are than him while corrupting government fully again if they ever make it into political prominence far away from now.

[GeoLee]

10:29 PM on 11/17/2009

Way too little way too late: take back the bonuses and show us how sorry all of you are. ...avtuall­y we know how sorry you guys are...the sorriest bunch you crooks around!

[balancedsolution]

10:22 PM on 11/17/2009

Actions are better than words.

Why not take Goldman's money and pay back the taxpayers with it rather than staff and shareholde­rs.

Set up some health care clinics around the country.

Do something with your record profits, other than gift yourselves­.

Now that would impress ME! Atone for those sins.

[WritusMaximus]

07:24 AM on 11/22/2009

Yeah, like permanent hundred billion$ or so per year (adjusted for inflation, for it most assuredly will get here) to fund a real health insurance public option---c­urrent proposed bills would have to be rewritten for REAL public option. Voila! From pig to hero! Helps Obama, helps the dems, helps the people!