Goldman Sachs held too much debt leading up to crisis

Blankfein said he will spend the rest of his life and career in "fear" and "anxiety" of another financial collapse. 

Accepting bailout money from the Troubled Asset Relief Program was "embarrassing situation then and now," he said.  

But he insisted Goldman wasn't waiting for government money and probably wouldn't have failed because his firm managed to get financing from investor Warren Buffett a few weeks before the bailout came along.