Former Fairfield Greenwich employee Sherry Cohen on the Noels:
Frontline: Did you like them?
Cohen: I think that Walter and Monica are very, very likable people.
I think that the next generation had supreme self-confidence, confidence that I kind of wish I would’ve had, except that it really got to be too much. They were sometimes arrogant. They had a tremendous sense of self-entitlement. And I wasn’t the only one who thought that. And I wasn’t the only one who thought that they were very, very aggressive…
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Tags: credit crunch, Dick Fuld, Lehman Brothers, oops
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]