Goldman, Buffett Establish $500 Million Small-Business Program

“We participated in things that were clearly wrong and we have reason to regret and we apologize for them. What are we going to do to fulfill our commitment and our obligation to the world to be good allocators of capital and make sure we’re doing the right thing, making sure we’re helping the country pull out of recession, grow businesses that help generate jobs?” Lloyd Blankfein, Goldman Sachs’s 55-year-old chairman and chief executive officer said.