You have been misled and, as a result, have misled your readers. Goldman Sachs did not work for Mass Mutual/Oppenheimer on the purchase of Tremont Advisors. We acted for a third party interested in bidding against Mass Mutual. Because we were not allowed to conduct any due diligence we advised our client against proceeding. Please withdraw your story and set the record straight as soon as possible.Thank you,
Michael DuVally,
Goldman, Sach & Co
Earlier: Was Made-Off Legit As Late As 2001?
Update: Three different sources have contacted us to "call bullshit" on Goldman's denial above, insisting that Goldman's client was "an active bidder" for Tremont.
Posted by guest , Dec 22, 2008 2:40PM
first
Posted by guest , Dec 22, 2008 2:40PM
chutzpah
Posted by guest , Dec 22, 2008 2:40PM
first
Posted by guest , Dec 22, 2008 2:41PM
Good to get the indirect confirmation that the other Goldman stories were spot on...thx EP
Posted by guest , Dec 22, 2008 2:41PM
First!
Posted by guest , Dec 22, 2008 2:42PM
word
Posted by guest , Dec 22, 2008 2:44PM
I thought GS blocks DB so how does Mr. Douchbagally have access to read what's posted?
SPODE
Posted by VOL IS KING , Dec 22, 2008 2:44PM
Too bad they didn't do the same due diligence on Global Alpha.
Posted by guest , Dec 22, 2008 2:44PM
Sach?
Posted by guest , Dec 22, 2008 2:44PM
baaahhh
Posted by guest , Dec 22, 2008 2:45PM
@4
That assumption is just dumb.
-phobos.
Posted by guest , Dec 22, 2008 2:46PM
Want to reach Michael?
michael.duvally@gs.com
Wish him Happy Holidays!
I hope TARP pays him a nice bonus this year!
Posted by guest , Dec 22, 2008 2:47PM
Want to reach Michael?
michael.duvally@gs.com
Wish him Happy Holidays!
I hope TARP pays him a nice bonus this year!
Posted by guest , Dec 22, 2008 2:47PM
Is it time to short GS again?
Posted by guest , Dec 22, 2008 2:48PM
Someone didn't get the bonus they so desired.
Posted by guest , Dec 22, 2008 2:49PM
First...I mean Sixteenth
Posted by guest , Dec 22, 2008 2:52PM
check out this pr!cks pic on Bloomberg...look him up...
Posted by guest , Dec 22, 2008 2:54PM
Word on the street is Mike DuV failed the vending machine challenge. Flaming Hot Cheetos kicked his candy ass.
Posted by guest , Dec 22, 2008 2:55PM
@9 They are downsizing. The plural is the first to go.
Posted by guest , Dec 22, 2008 2:56PM
@17
Hilarious. Unfortunately, most readers on DB don't have access to bloomberg.
Posted by guest , Dec 22, 2008 2:56PM
how i went from a singular noun to a plural is beyond me. must be my second-tier education.
Posted by MarshallStack , Dec 22, 2008 2:57PM
Either Mr. Du Vally was not around in 2001 or he is misinformed.
Goldman's client made several bids on Tremont before Opp. won the bidding.
They lost they auction - they were an active bidder.
Posted by guest , Dec 22, 2008 2:57PM
So should we then assume that if Goldman Sachs conducts any sell side auctions where it does not permit bidders to conduct proper due diligence then they have something to hide? Because it seems to me that most GS auctions I am familar with are conducted exactly that way. Funny, but they seem to expect everyone to bid in those situations and get upset when their house diligence rules are not accepted.
Also, should we now assume that Goldman only now provides advice to bid "against" other bidders rather than "FOR" a business? I will assume that their PE arm operates that way as well. Because we all know its more important to "beat" someone else to get a deal rather than making a good decision.... That is investment banking advice and their merchant banking divisions in a nutshell.
What a joke. Like GS has been above all the market lunacy.....yeah, right....
Posted by guest , Dec 22, 2008 3:00PM
It's good he clarified that - now can we audit the books at GS?
Are Paulson and Kashkari going to get their offices back? They deserve a round of applause when they go back to GS - they have done a great job transfering money from honest taxpayers to wealthy shareholders and the way they made sure BS and LB are gone so that GS doesn't have any competition anymore when they decide they're going to change from a bank holding company back to a ibank was just brilliant.
Posted by guest , Dec 22, 2008 3:01PM
@17:
Gotta love the alfalfa hairdo!
Posted by guest , Dec 22, 2008 3:03PM
@20 - tried to grab from bloomy but no such luck...here is a good look a like for all those without bloomberg
http://www.simpsonstrivia.com.ar/simpsons-photos/wallpapers/professor-frink.gif
Posted by Anal_yst , Dec 22, 2008 3:04PM
@VOL
ZING!
Posted by guest , Dec 22, 2008 3:04PM
Can I still say "first" at this point?
Posted by guest , Dec 22, 2008 3:10PM
if Goldman mouthpiece speaks and no one cares did it make a noise?
Posted by guest , Dec 22, 2008 3:10PM
@28- Yes you may. It only gets better with age.
Posted by guest , Dec 22, 2008 3:11PM
SangIt
Image Shack
Now!
Posted by MarshallStack , Dec 22, 2008 3:12PM
@30 -
Just because it is the hoilidays - don't go getting all sentimental here.
Posted by guest , Dec 22, 2008 3:14PM
*****Notice in his correspondence he does not even know how to spell the firm he works for. Last I checked it is Goldman Sachs.......
He has probably been sending out alot of resumes between drafting responses....
Posted by VOL IS KING , Dec 22, 2008 3:17PM
@33:
nice call
Posted by guest , Dec 22, 2008 3:17PM
GS vs DB = no win situation for GS.
Posted by guest , Dec 22, 2008 3:21PM
Note to Mike,
As a VP of Media Relations at Goldman, you should probably know that your firm name is The Goldman Sachs Group. Goldman Sachs ia acceptable, but Goldman Sach is not.
If there is any confusion see the Dean at the Booth School of Business for the proper grammatical uses of your firm name.
Sincerely,
DB readers
Posted by guest , Dec 22, 2008 3:28PM
Why would Sach be on his automatic signature line or the comma for that matter. Maybe we can get abovethelaw to opine on whether it is illegal to impersonate someone like this.
Posted by guest , Dec 22, 2008 3:28PM
DB vs. GS
1 0
Da bears or DB? DB
Posted by guest , Dec 22, 2008 3:33PM
Mike, ifs your needs any helps withs you're grammers and spellings sends me's an emails. I use Wurd alls the times for rightings letters and shit, Yo! Linguini, fetachini, martini, bikini!
SPODE@dealbreaker.com
Posted by guest , Dec 22, 2008 3:36PM
@ 11, your name is Mike, your knowledge of your own firm's name is laughable and you work in a cost center. Are you working the full holiday shaft and suckin' some serious shift to get promoted into fee generating business? You know what I'm saying...
Posted by guest , Dec 22, 2008 3:36PM
@33, 36 - Freudian slip as he is trying to show what a big sack he has.
Posted by guest , Dec 22, 2008 3:38PM
@30 - In that case...
FIRST!
Posted by guest , Dec 22, 2008 3:42PM
spode stands for something...what is it?
Posted by guest , Dec 22, 2008 3:52PM
@43- Do tell you silly little freak. Happy holidays bitches.
Eat it #5
FIRST!
Posted by guest , Dec 22, 2008 4:20PM
more massive job losses and firm closings predicted for 2009.
http://endofesq.com/?p=741
Posted by guest , Dec 22, 2008 5:45PM
Did you guys ever think that it is someone else who posted that, not a GS employee???? GS has strict rule around media and blog contacts. This is a no-no - no blogging, not posting on blogs, no talking to media. Next time, I may post an article as Llyod Blankfein and will you lot believe that it was indeed him. Think!
Posted by guest , Dec 22, 2008 9:52PM
GS and their douche bag lawyers / PR mouthpieces....
Posted by guest , Dec 22, 2008 11:24PM
Was this out of FIG at GS or Sponsors
I flogged every FIG deal to every sponsor on the street, and GS is full of shit
Posted by guest , Dec 23, 2008 10:44AM
The bloomberg pic looks to be taken from a urinal cam (if ever there was such a thing)