Citi Execs: We Are Sorry in General, But Not in Particular

This morning, the Financial Crisis Inquiry Commission heard from Robert Rubin and Charles Prince, the former heads of banking behemoth Citigroup.

Prince opened his remarks with regrets. “I’m sorry,” he said. “I’m sorry the financial crisis has had such a devastating impact for our country. I’m sorry about the More…

On Government Bailouts, Wall Street Wins Again

Well, let’s see. Detroit does a lousy job of managing the auto business and comes to Washington for a bailout. The government sends top executives home empty-handed. Lawmakers say later they might consider some sort of lifeline, under some pretty tough conditions, including cutbacks and restructuring, so the More…