- Joined
- Apr 2, 2005
- Messages
- 14,966
- Reaction score
- 2,154
http://www.cnbc.com/id/34009389
Did they see the torches and pichforks approaching their hq?
Goldman Sachs apologized for the role it played in the financial crisis by taking part in the credit boom which preceded the bursting of the bubble, the Financial Times reported Wednesday.
"We participated in things that were clearly wrong and have reason to regret," the paper quoted Lloyd Blankfein, Goldman Sachs' chief executive, as telling a corporate conference in New York. "We apologize," Blankfein said.
He also told the conference that his remark in the British newspaper Sunday Times that Goldman did "God's work" had been meant as a joke and that he wished he had not made it.
Did they see the torches and pichforks approaching their hq?