Goldman Sachs Chief Blankfein Apologizes for Role in Crisis
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By Christine Harper
Nov. 17 (Bloomberg) -- 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 said at a conference in New York hosted by the Directorship magazine. “We apologize.”
To contact the reporter on this story: Christine Harper in New York at firstname.lastname@example.org.
Last Updated: November 17, 2009 14:13 EST
(Editors note: Surely Ms Harper of Bloomberg meant to add: Mr Blankfein stopped short of returning profits, contributing them to charitable institutions, or asking for the return of bonuses for charitable contribution (i.e. return to the people via US Govt??) from employees awarded them in activities that Mr Blankfein and Gioldman Sachs now regret and deemed "clearly wrong". No specific list of such activities was provided to give legislators, magistrates, special prosecutors, or omsbudsmen around the world further insight into precisely what they were)