But it would be oh-so warm and fuzzy if they did. Why not, indeed. Reuters, do tell:
…academics say an apology — for all the litigation risk it entails — can be the basis of revitalized confidence and trust.
With global markets paralyzed by the inability to rely on a counterparty, and as trust and accountability form the kernel of debates about effective regulation, some say a slice of humble pie now can help ensure bankers earn trust in future.
Or, as one commenter suggests, perhaps more than verbal contrition is required. A ritual severing of the pinky finger, on the 30th floor of 85, perhaps?
Do it for the children. For the children’s children.
Time for bankers to risk an apology? [Reuters]
I seem to recall that an act of contrition is required, beyond a verbal apology.
In this case, I propose one hundred Hail Yog-Shoggoth’s and vivisection.
DB
Can you please follow up on the Fuld/Paulson dinner after which Fuld got the impression Paulson ‘wanted to kill the bad hedge funds and heavily regulate the rest’?
That’s a big story but no one seems to have followed up.
I trust you’ll get to the bottom of it.
Is anybody watching CNBC? it seems like the cramer mind meld is in full effect, now CDS is responsible for all companies that have defaulted since 1776.
@2- here’s your follow up: paulson decided instead to kill lehman.
Dick Fuld, didn’t read.
It is time for a Bedbug Eddie, nothing less will suffice.
If there is follow up, perhaps some lye in the chairman’s coffee, more the better.
can subprime borrowers apologize for being stupid and irresponsible as well? and mortgage brokers can apologize for being greedy leeches. and greenspan can apologize for keeping rates so low that the supply of capital was virtually limitless and wildly mispriced allowing everyone and their grandmother to overlever themselves. we can all sit around in a circle and apologize to each other – what’s that called again?
ok now Gasparino is calling Governor Patterson “David” somebody needs to smack him in the face with a steaming sock full of managotti.
@7
That is called a circle jerk.