Goldman Exec: I Regret Email About Selling Shoddy Product To ‘Widow And Orphans’

Fabrice Tourre, Goldman Sachs Vice President
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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.

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