Goldman Sachs Says Sorry

By Sadie Bass

Nov 18, 2009 10:00am

"We participated in things that were clearly wrong and have reason to regret," said Goldman Sachs’ Lloyd Blankfein. "We apologize."

Blankfein had told a British newspaper the other day that Goldman was doing “God’s work”.  That caused a firestorm online.

Now, the investment bank is out with a plan to use some of its profits to help small businesses.  They are putting aside $500 million or 3% of the money set aside for employee compensation this year.  They’ll use it to help small businesses.

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