Bankers today fall just below lawyers and persnickety salespeople in the public’s esteem. Even President Obama pulled out the old pejorative “fat cats” to describe Wall Street types – and remind the public that these portly felines were at the root of the financial crisis we’ve endured.

Bankers aren’t used to this kind of scrutiny. No longer answerable only to shareholders or directors, bank leaders now have to consider how their institutions are being viewed in Washington and in communities across America.

So how can bankers burnish their image at a time like this? Here are three ideas:

1) Recognize your public responsibilities. It’s not a traditional free-market approach, but banks aren’t traditional free-market entities these days. President Obama is right that banks have benefitted from extraordinary public-sector assistance and should be making a bigger than normal effort to help communities and individuals recover from a harsh economy. Even more importantly, the public agrees with him. Banks have to go beyond talking about “efficient allocation of capital” as a public good and start talking about customer-oriented actions – loans, foreclosure modifications, etc. – that redound to the public’s benefit.

2) Make your institution more human. When describing your institution’s public-spirited attitude, stop being mechanical and start being relatable. The tendency among corporations is to talk in numbers – we’ve increased lending X%; we’ve modified Z home loans. But numbers are cold. People are warm.

Include in your message some salient details about the loans you’re making (while maintaining privacy, of course). What do the businesses do? What communities are they in? How many employees do they have (and by extension, how many jobs are you helping to save)? Which homeowners are getting help? In which neighborhoods? What makes their situation compelling? Are they veterans or schoolteachers or widows or first-timers? Show the humanity.

Presidential speeches are good models. Every president highlights how his policies are affecting actual people. Bankers should do the same.

3) Make sure customer service is up to snuff. While executive messages make up a top-line communications strategy, consider good customer interactions to be a grassroots strategy. These days, banks need to maintain strong relations with their customers and wow potential new customers by going above and beyond in customer service. Explore all avenues, including new social media such as Twitter and Facebook, to interact with customers and solve problems. Some of these efforts may even result in good stories or anecdotes to include in speeches or op-eds.

Also, tend the Internet garden well. The Internet magnifies impressions gleaned from individual events. It’s important to stay on top of Internet attitude toward your company and respond quickly to any negative storyline developing. Blogs like the Consumer Reports-owned Consumerist are quick to skewer companies (especially credit card issuers) that mistreat customers, but they’re also willing to put a spotlight on companies that do right by customers. Attention like this can be invaluable when it comes to buffing up your brand.

The onus is on banks to stop acting like staid, monolithic institutions (run by fat cats) and start looking like community and national partners – companies people can trust and rely on to go beyond the ledger and take a more active interest in improving people’s lives. Banks that can do this best will boost their reputation in the country and their stature in Washington. And their employees will hold their heads higher in the new year.

Apologies are always tricky business for people or organizations under siege in the media. Sometimes they can be helpful. When an individual or company is clearly at fault for something, a quick apology, full explanation of what went wrong and why, and commitment to correcting the error can stanch public disapproval.

In other cases, apologies can sound forced and insincere, like the schoolyard bully forced to apologize to his latest victim. These apologies generally reinforce negative ideas about the person or institution issuing the apology. “They just don’t get it,” even if they want us to believe they do.

A third category is the unnecessary apology, or the guilty conscience apology. This is likely where Blankfein’s apology falls. Given the CEO’s full-throated defense of Goldman’s business practices in recent months, the apology Tuesday night is most likely a reaction to the ongoing negative storyline about Goldman.

But the storyline isn’t really about Goldman doing anything wrong; it’s about Goldman being too well-connected and using public largess to amplify its effective business practices. Goldman is too successful at the wrong time. Enormous compensation packages rub salt in the wound.

Blankfein’s apology is essentially an attempt to say, “We feel your pain.” He still believes the company has acted responsibly toward society, shareholders, and employees, but he thinks he’s got to say something to indicate he’s aware of public perception.

The problem with such a statement is that it will gain the company nothing. No one who despises Goldman will believe the apology is sincere. And people who might otherwise have held Goldman blameless for the financial crisis now have evidence that maybe the bank does deserve some blame. If the CEO is apologizing, it must be because the company did something wrong.

Furthermore, the timing of the apology was unfortunate, coming the same day as Goldman’s announcement of its 10,000 Small Businesses initiative, a $500 million effort to provide education, mentoring, and capital to help small businesses grow. The idea was some time in the making and is an effective corporate responsibility program because it’s rooted in Goldman’s business model and genuinely beneficial to society.

But today the media packaged the announcement with Blankfein’s apology and the news theme is that 10,000 Small Businesses is basically an act of penance – and a cheap one at that, representing “less than 3 percent of Goldman’s employee compensation pool,” as ABC news noted.

The tough thing about being Public Enemy #1 on any particular issue is that everything you say will be held against you. That heightens the need for smart communications and delicate timing.

Goldman, once a venerable institution known for keeping close counsel, is now a lightning rod for populist criticism of the financial sector. And its latest public relations efforts don’t seem to be helping.

The bank’s very success – turning a profit in excess of $3 billion last quarter – is exacerbating the problem. Americans are in no mood to celebrate Wall Street success. With deepening bonus pools and bulked up compensation packages, Goldman isn’t winning any friends.

Goldman is also facing scrutiny over its neighborly relations with US officials. Revelations that former Treasury Secretary and Goldman chief Hank Paulson met with his former colleagues last year in Moscow didn’t ease anyone’s concern that the Treasury-led financial sector bailout was a little too convenient for Goldman.

Even though Goldman Sachs has paid back its TARP funds with interest – and professes to never having needed the money in the first place – the perception is taking hold that even when Goldman Sachs doesn’t get direct help from the government, it benefits tangentially from other federal action, for instance the AIG bailout or the Federal Reserve’s asset stabilization policies.

Given the increased scrutiny, Goldman has been on a bit of a media blitz, with CEO Lloyd Blankfein talking up the bank’s positive social benefits and his own working-class roots. For a while, Blankfein was doing a decent job of it in an interview with John Arlidge of the Times of London, printed Sunday.

Blankfein didn’t apologize for Goldman Sachs making its employees rich. To the contrary, when asked if it was possible for people to make too much money, Blankfein responded, “Is it possible to have too much ambition? Is it possible to be too successful?”

No, and for good reason. In Blankfein’s telling, Goldman improves lives outside the firm. “We help companies to grow by helping them to raise capital,” he tells Arlidge. “Companies that grow create wealth. This, in turn, allows people to have jobs that create more growth and more wealth. It’s a virtuous cycle…. We have a social purpose.”

This is a solid argument. Few people who don’t love banks will be won over to it, but it’s intellectually honest and gives the bank’s defenders (inside and outside) a talking point with which to parry detractors.

Blankfein also seems to have a realistic understanding of his and his company’s place in the world. “[P]eople are pissed off, mad, and bent out of shape…. I know I could slit my wrists and people would cheer.”

And he’s comfortable deploying some self-deprecating humor. “Aha! You catch us plotting in real time,” he remarks when meeting Arlidge alongside a group of executives. He adds, “It’s like a safari here. You’ve come in to look at the animals.”

But it’s ultimately the humor that does in Blankfein. Near the end of the story’s narrative, Arlidge relates an exchange with Blankfein in which the CEO mocks piety and, with “an impish grin,” claims he is simply “doing God’s work.”

I trust no PR flak was near Blankfein at the time, or else the poor soul’s immediate unwinding would have been mentioned in the story.

The God remark of course became the story (a story that actually tells a balanced tale of what Goldman means to the financial sector, the government, its employees, and the public). It made it into the headline and was discussed in every other major news outlet – print, Web, and TV – over the next two days.

The humor – the impishness – mostly got lost in translation and the impression left was of a Wall Street big shot with a much-too-high opinion of himself and his firm.

The lesson? It’s a little bit obvious, but companies and executives in delicate public relations situations have to be ultra-cautious when speaking with the press – or be prepared to spend a lot of time and energy explaining nuanced comments.

It’s confusing for executives because they’re often told that people like public figures who aren’t afraid to speak their minds and show a little personality. But what’s left out of that advice is that you have to possess at least a dollop of goodwill to pull off politically incorrect comments.

As flush as Goldman’s balance sheet might be, its goodwill vault is empty. Best to keep the jokes to a minimum and be boring with the press.

The good news is that Goldman’s got a lot of experience being boring.