Goldman Sachs Says Sorry

"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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