John Reed, who played kind of a big role in cobbling together the world’s largest diversified whorehouse, has something to get off his chest:
“I’m sorry,” Reed, 70, said in an interview yesterday. “These are people I love and care about. You could imagine emotionally it’s not easy to see what’s happened.”John S. Reed, who helped engineer the merger that created Citigroup Inc., was apologizing for his role in building a company that has taken $45 billion in direct U.S. aid and said banks that big should be divided into separate parts.
Is he really sorry? Or was this just an attempt to get Vikram to hold him close and insist “it’s not your fault” over and over? Unclear (though we wouldn’t fault him if it were the latter). In any event, does anyone else have something they want to apologize for today? Related to Citi or not? Throw it out there. We’re all listening.
Reed Says I’m Sorry For Role In Creating Citigroup [Bloomberg]
Posted by guest , Nov 06, 2009 2:41PM
dont forget robert rubin, took his 100M and disappeared, fuckin scumbags
Posted by guest , Nov 06, 2009 2:41PM
wow what a little bitch
Posted by guest , Nov 06, 2009 2:46PM
Give back your comp if you're sorry
Posted by guest , Nov 06, 2009 2:47PM
Bad Bess!
Bad Bess!
Time for a spanking.
CG
Posted by guest , Nov 06, 2009 2:49PM
What a loser.
Posted by guest , Nov 06, 2009 2:50PM
I'm sorry for writing such a riveting book. (available on amazon.com)
-ARS
Posted by guest , Nov 06, 2009 2:50PM
gabagul!!!
-cg
Posted by guest , Nov 06, 2009 2:51PM
Clearly a transparent ploy to launch a campaign to take over the helm at
B of A. What does he think we are -stupid?
Posted by guest , Nov 06, 2009 2:58PM
psst- Reed was having an affair w. Val fro the Caf! Pass it on-
Posted by guest , Nov 06, 2009 3:03PM
sounds like it's gonna be a dull weekend in Fairfield Co
http://www.stamfordadvocate.com/localnews/ci_13729698?source=rss
Posted by guest , Nov 06, 2009 3:05PM
I'm sorry John Mack isn't in prison for insider trading where he belongs.
I'm sorry Arthur Sanberg isn't in prison for insider trading where he belongs.
I'm sorry that Dick Fuld, Ken Lewis and Joseph Gregory aren't all in prison for being terminally stupid (sorry, reading the Sorkin book, what a bunch of friggin Jackasses).
I'm sorry that Paulson isn't in jail for lining Goldman's pockets with taxpayer money.
Phew, I now feel better and can begin my weekend blissfully drowning my brain in delicious ice cold brewski.....
Mmmmmmm...
Posted by guest , Nov 06, 2009 3:17PM
Where's Greggers?
Posted by guest , Nov 06, 2009 3:24PM
So you have to post his age??? "“I’m sorry,” Reed, 70, said in an interview yesterday." So what if he's 70?? What's age got to do with anything? You aren't a little "age-ist" are you, huh? Didn't all you young runzas kill the global equity markets recently?? When you're 70 you'll be wearing eco-ball caps and shouting at pregnant teenagers at town hall meetings while you're sucking on the social security and medicare tit, you little shitheels. I know your type....I know your type.
~Warren B
Sarpy County, Nebraska
Posted by guest , Nov 06, 2009 3:25PM
Greggers is preggers with my child.
Meep Meep
Posted by guest , Nov 06, 2009 3:29PM
Largest whorehouse by assets or market cap?
Posted by Joe Mac , Nov 06, 2009 3:30PM
Oh Melissa- you cleave-tease you! Movement detected.
Posted by Anal_yst , Nov 06, 2009 3:43PM
I'm sorry for for the hurtin I put on melissa francis brown eye the other night
no, no I'm not.
Posted by guest , Nov 06, 2009 3:51PM
anyone still here?
Posted by Tax Chick , Nov 06, 2009 3:54PM
@18
No. We're all on another thread making fun of you.
Posted by guest , Nov 06, 2009 4:04PM
He should be.
Contrary to what most think, Sandy Weil was still a slimey queens Jew in the mid 1990s.
He had cobbled together Primerica (a bucket shop), and latched onto Travelers which was technically bankrupt with toxic early 90s real estate assets, and picked up Salomon which was also bankrupt.
He did however, go around saying Travelers was worth hundreds of billions (based on encumbered policy holders insurance surplus and annuity values...that would never be available to shareholders) and most people were idiots to believe it.
It all boiled down to one meeting in a DC hotel room where Sandy bs'd Reed that Greenspan had blessed this idea (in fact geezer had hung up on him).
Travelers was no way equal to Citi's value. In fact, every Travelers unit was sold off for pennies over the years, including Primerica which is doing a $100M IPO 13 yrs later, next week!
Reed who had huge stature back then could have told him to fuck off and merged with Chase, BA, Bankers Trust, or Chemical and been Jamie Dimon today.
Instead he bought Sandy's bull and was gone in 1 yr.
Sandy is the biggest waste, and thank god he lost most of his fortune with Citi.
Posted by watchmen , Nov 07, 2009 11:16AM
Amen to #20