Consider that quote not from the perspective of a (briefly) outraged public, but as a post mortem delivered to investors, who seriously want to know if somethin

Consider that quote not from the perspective of a (briefly) outraged public, but as a post mortem delivered to investors, who seriously want to know if something similar is likely to happen again. If these guys guys deflected all blame from themselves and tried to focus it all on their partner, that would be a bad sign. But if they also blame themselves for having selected a dicey partner, and have figured out what errors led to that error, then I really think they're handling themselves - and the situation - quite well.