Sayeth SAC:

“We take responsibility for the handful of men who pleaded guilty and whose conduct gave rise to SAC’s liability. These wrongdoers do not represent the 3,000 honest men and women who have worked at the firm during the past 21 years. Even one person crossing the line into illegal behavior is too many and we greatly regret this conduct occurred.”

[Earlier, Related: Mr. Cohen...has also said he thinks it is unfair that he is paying nearly $2 billion in penalties out of his pocket for the crimes of what he believes are rogue employees.]

13 comments (hidden to protect delicate sensibilities)
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Comments (13)

  1. Posted by guest | November 4, 2013 at 2:20 PM

    This seems to be in the same family as: "I'm sorry you were offended."

  2. Posted by guest | November 4, 2013 at 2:20 PM

    The non-apology is strong in this one.

  3. Posted by Guest | November 4, 2013 at 2:34 PM

    SAC needs to hire Tommy Guffano. The guy is a wop genius.

  4. Posted by Guest | November 4, 2013 at 2:37 PM

    That's JPMorgan's excuse!

  5. Posted by Guest | November 4, 2013 at 2:38 PM

    Can't wait to see the Patagonia fleece perp walk.

  6. Posted by Guest | November 4, 2013 at 2:42 PM

    The sisterhood is blameless: " handful of men who pleaded guilty."

  7. Posted by Guest | November 4, 2013 at 2:47 PM

    SAC needs to merge with Blackberry to survive.

  8. Posted by Guest | November 4, 2013 at 3:32 PM

    CR Intrinsic needs to merge with High-Grade Structured Credit Enhanced Leveraged Fund to survive.

  9. Posted by ILoveLamp | November 4, 2013 at 3:39 PM

    From this day to the ending of the ban on taking public funds,
    But we in it shall be remember'd;
    We few, we happy few, we band of brothers;
    For he to-day that stands and takes his lumps with Stevie
    Shall be his brother; be he ne'er so vile,
    Tho this day shall lighten his wallet:
    And all other inside-traders in Greenwich now a-bed
    Shall think themselves accursed they were not here,
    And hold their manhoods cheap whiles any speaks
    That fought Preet Bharar with us upon Saint Crispin's day.

  10. Posted by Barson Clock | November 4, 2013 at 4:13 PM

    The NQ-RIM survival merger would have to fall apart first.

  11. Posted by Turnip Truck | November 4, 2013 at 4:44 PM

    No one remembers the legitimate traders.

  12. Posted by a side | November 4, 2013 at 6:58 PM

    Or, just: "sorry I'm not sorry."

  13. Posted by Corzine | November 4, 2013 at 11:42 PM

    Fuck u Stevie