Guy Who Helped Build Citi: My Bad
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]
