Fabrice Tourre, the Goldman Sachs executive named in an SEC civil fraud suit that charges that the firm knowingly sold a mortgage-related security that was designed to fail, said during a governmental affairs hearing moments ago that he deeply regrets sending a series of emails released by Goldman Sachs. In one, he boasted about selling shoddy products to a “widow and orphans.”
“These emails were personal emails that I deeply regret,” Tourre said.
Sen. Tom Coburn (R-OK) noted that “this past week your employer released some rather embarrassing personal emails about you.”
“How’d it make you feel?” Coburn asked.
“I regret these e-mails,” Tourre said. ‘They reflect very bad on the firm and on myself. I wish I hadn’t sent those.”
Tourre also said he’d spoken to several Goldman lawyers before today’s Senate Permanent Subcommittee on Investigations hearing.