“Let me start by saying I’m sorry. I’m sorry the financial crisis has had such a devastating impact for our country. I’m sorry about the millions of people, average Americans, who lost their homes. And I’m sorry that our management team, starting with me, like so many others could not see the unprecedented market collapse that lay before us.”
–Charles O. Prince III, Citigroup’s former chairman and CEO in an apology for the billions of dollars of losses that caused the company he helped build to nearly collapse.