An Open Letter FROM Lloyd Blankfein

Dear World:

WTF?

It seems like you are very upset.  I have to be honest, we have pulled some crazy shit in my tenure at Goldman, but I did not see this coming.  Always with the French people.

I have looked at the prospectus and paperwork from the trades in question and only a sophisticated investor would have taken that trade.  I mean it is a seriously confusing transaction so they had to have read the documents.

Although we will RIGOROUSLY defend our brand, I think it’s time for me to step down as CEO of Goldman. When I took this job in 2006, I knew this day would come. What took everyone so long to see the reasons for my insertion as CEO is really the stuff that the textbooks will discuss.

If this storm passes quickly, rest assured I can take back this resignation.

While you might expect me to go work with blind kids as repentence for some disgusting trades we made, I have decided to work for John Paulson.

Other than the hair , even when I lose, I win.

Sincerely,

LB