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Goldman - Greece Lacked Transaparency

|Includes: Goldman Sachs Group Inc. (GS)

 Megan Murphy and Joshua Chaffin write in that:

<< Gerald Corrigan, a former president of the Federal Reserve Bank of New York who joined Goldman in 1994, told a UK parliamentary committee that, “with the benefit of hindsight . . . the standards of transparency could have been and probably should have been higher”. >>

No kidding!!!!

A reasonable view of ethical behavior would provide a conclusion that the standards of transparency should have been higher in real time.  Corrigan's statement carries an inference that "I am not necessarily sorry about what I did but I sure am sorry I got caught."

Disclosure: No positions.