• 17 Nov 2009 at 5:46 PM

Write-Offs: 11.17.09

By Bess Levin

$$$ “We participated in things that were clearly wrong and have reason to regret,” Blankfein, 55, said at a conference in New York hosted by the Directorship magazine. “We apologize.” [Bloomberg]
$$$ Lobbying Effort Backfires For Hedge Funds [NYT]
$$$ Oops! Yale Doesn’t Actually Have $60 Billion [BI]
$$$ The Hermitage Saga Turns Tragic As Fund Lawyer Dies In Jail [ZH]

Comments (11)

  1. 1
    Posted by guest | November 17, 2009 at 5:52 PM

    Bess, you have to get that pic of CG they just showed on CNBC. Him flexing his guns on the cover of the “going rogue” Palin book…

  2. 2
    Posted by guest | November 17, 2009 at 5:59 PM

    “We participated in things that were clearly wrong…”
    Yeah Lloyd, like loading up your counterparty’s written CDS contracts– including those written on itself– to the point of implosion.
    Surely your risk department should have stopped you from being over exposed to a single counterparty, AIG, had they been doing their job properly, but why didn’t they? Because you wanted to bring the company down, you greedy pig?
    Oh, sorry, you say? Oh yeah, ok no problem, Lloyd. Just give $1k to some cat litter and all is forgiven.

  3. 3
    Posted by guest | November 17, 2009 at 6:01 PM

    Lloyd Blankfein eats puppies for virility.

  4. 4
    Posted by guest | November 17, 2009 at 6:05 PM

    Goldman apologizing = world ending in 3..2..1

  5. 5
    Posted by guest | November 17, 2009 at 7:46 PM

    I don’t understand why he’s apologizing, unless there’s some seriously incriminating tapes involved (ie, the Bankers Trust tapes).
    Ladies and gentlemen, I’ll be brief. The issue here is not whether we broke a few rules or took a few liberties with our counterparties — we did. But you can’t hold a whole firm responsible for the behavior of a few sick, perverted individuals. For if you do, then shouldn’t we blame the whole financial system? And if the whole financial system is guilty, then isn’t this an indictment of our capitalist institutions in general? I put it to you, Greg … isn’t this an indictment of our entire American society? Well, you can do what you want to us, but we’re not going to sit here and listen to you badmouth the United States of America! Gentlemen!

  6. 6
    Posted by guest | November 17, 2009 at 9:23 PM

    Love means never having to say you’re sorry. Love you, babe.

  7. 7
    Posted by guest | November 17, 2009 at 9:48 PM

    I think those Yale guys did too much coke. You know, the closet homo’s.

  8. 8
    Posted by guest | November 17, 2009 at 10:44 PM

    Our style editor truncated Mr. Blankfein’s remarks.
    The full quote was originally reported as, “We participated in things that were clearly wrong and have reason to regret. Psych! No, just fucking with you. Really, it’s all good in the hood.”
    Bloomberg sincerely regrets any loss of context.

  9. 9
    Posted by guest | November 18, 2009 at 12:42 AM

    ” “I don’t love it, we kind of sigh,” he said of the criticism. ”
    Douche.

  10. 10
    Posted by guest | November 18, 2009 at 1:11 AM

    Goldman hedges their bet. Goldman makes money. Goldman is smarter than everyone else. Goldman apologizes for seeing the securities as they were: “We make a shit-load of money if this stuff churns rainbows. We see a decent amount of money if this stuff churns shit.”
    Goldman apologizes. Goldman apologizes for being smarter than LEH, BSC, MER, & MS.
    Boo fucking hoo, you populist fucktards.
    -Lowly, Whom Never Got an Interview with GS

  11. 11
    Posted by guest | November 18, 2009 at 2:14 AM

    @5 = Atticus Finch

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