Charlie Gasparino reports that hours after Geithner’s big moment on Tuesday, a top secret meeting entitled “The Goldman Sachs Roundtable” was held at 85 Broad. And if you’re thinking this was a clubhouse meeting run by a couple of first years, how wrong you are. According to Chaz, this was not organized by some “low level schlubs,” but Goldman’s Milton Berlinski, and run by co-presidents Gary Cohn and Jon Winkelried. On the agenda? “Solving this problem because the government isn’t going to.”
The task-force apparently included “top 20 hedge fund and private equity executives,” and while we’ve got nothing but love for Ken Griffin, I want to hear the Big Guy* was there or it doesn’t count. While we wait on confirmation, a few more details. Griffin reportedly made some “fascinating comments,” including the bold call to get at the root of the cause, the mortgages themselves; the prevailing sentiment was that while it’s better to wait for a good plan, as opposed to “a quick and dirty bad one,” time is of the essence; there’s no confidence in Geithner; they want more Volcker; and the representative from Bain Capital made off like a bandit, stuffing free fruit and cookies in his purse, when he thought no one was watching.
*Try and tell me he’s not the White Knight we’ve been waiting for. And he’d look great on horse, you know this much is true.
Update:
BN 12:49 *GOLDMAN SAYS CHIEF ECONOMIST ATTENDED, BLANKFEIN DIDN’T ATTEND
BN 12:49 *GOLDMAN SAYS MEETING NOT SECRET, NOT IN RESPONSE TO GEITHNER
BN 12:49 *GOLDMAN SAYS MEETING WAS SCHEDULED THREE WEEKS AGO
BN 12:49 *GOLDMAN SPOKESMAN VAN PRAAG RESPONDS TO CNBC REPORT
Update II: Gasparino takes issue with GS’s assertion that the meeting was “public,” on account of the fact that he wasn’t invited.
the enemy within
C-Gas breaks another wind, er, I mean story. I hope Dennis Kneale kicks his ass on camera some day.
@2 – I hope the balance of the Television Community kicks Kneale’s ass on camera as soon as possible. Kneale can shampoo my crotch.
Did Griffin’s plan include the Fed buying $100B of convertible bonds?
I bet they all flew in on the private jets – screw Congress.
Only CNBC would label something as a “secret meeting”. Clowns.
I really hope that Dylan Ratigan was there and they discussed transparency and clawbacks. Because according to him thats the only way to fix this mess
Is it possible that these guys realize there is no way out of this crisis that doesnt involve some kind of teamwork?
So instead of Hedge Fund A trying to crush Hedge Fund B because they know they hold an illiquid MBS or CDO, maybe Goldman says “we’ll lend you guys money to go buy up these securities and
we’ll go buy them for our books too”
That might cause some private capital to come flooding into distressed assets right?
whewww… NOW I can relax – it is all taken care of…
Too big to solve.
Only CNBC would label something as a “secret meeting”. Clowns.
How bad is this going to get, really?
@8 what are you a fuckin idiot?!?!
@9 why that’s an ingenious plan, lets do it!
Donny Douche: STFU, Charlie’s talking
Oops…Goldman just called bullshit on Charlie’s scoop.
Well that was fun while it lasted.
Sorry Charlie!
good to hear baincap is still eating everyones lunch.
Donny Douche: STFU, Charlie’s talking
Charlie you jackass, Goldman just said your report is stupid.
@18 Donny Deustche?
@18,
Clearly you’ve never run a secret meeting, nor seen Fight Club.
From the looks of one on air person, it is sort of chilly in the CNBC studios!!! :)
Cabrera same day calls – well bid
@8 wrong. seems you folks in the gm job bank have waaay too much time on your hands. get back on the line.
Charlie’s fluid just went dry. Effed up Chuck HAHA drop the F bomb would ya
By the way, Bess, great picture for the story.
Goldman always tells the truth you bastards. And crude oil is going to $200.00/bbl, don’t you recall?
CNBC trying to recycle Donny Douche – from advertsising to success stories show now to commentator on our economy???
Oh well – CNBC must really think their viewers are douchebags by putting Donny Douche and Jim Lamer at prime times.
That was horrible to see douche on the lunch hour today at least when Jim Lamer comes on I’m on my way home.
someone is smuggling raisins on CNBC??
Heard the Summers is shutting Volcker out.
Bess lets have a secret meeting -
we’ll talk about the health situation in this country as Doctor and Nurse.
That Volcker comment was hilarious. Good one Bess.
I love MCC! She needs her own show. The Two Big Ideas!
oh no they di’int… you think CG gets all Chris Brown on staffers when he is slapped down like that publicly?
I heard R gave CB an STD by cheating no him. Does that deserve it?
For christs sake, Chuckie must believe he’s in some double-secret Grisham spy novel. Chuckie get out of your tree-house! You are a chump reporter, people tell you things on the phone and then you repeat them on TV…wow amazing!
Just wait. Next week, Denise “Kneel and Bob” is gonna be co-hosting that CNBC clown show with Howie Mandel for a new version of “Deal or No Deal”.
@46. It’s not me. System error. Bess, please delete the Pete-Repeats. Sorry DB crowd.
To big didn’t solve
I hate those guys.
Who is MIlton Berlinksi you say? Please read:
Milton Berlinski is responsible for some of the firm’s most important financial institution clients. He was Vice Chairman of Goldman Sachs Financial institutions, where he focused on raid defense, mergers and acquisitions and divestitures of commercial banks, finance companies, investment companies and thrift institutions. In addition, he founded Goldman Sachs’ strategic advisory efforts in the asset management industry and was close friends with John Pierpont Morgan.
Tally Ho!!!!
Who is MIlton Berlinksi you say? Please read:
Milton Berlinski is responsible for some of the firm’s most important financial institution clients. He was Vice Chairman of Goldman Sachs Financial institutions, where he focused on raid defense, mergers and acquisitions and divestitures of commercial banks, finance companies, investment companies and thrift institutions. In addition, he founded Goldman Sachs’ strategic advisory efforts in the asset management industry and was close friends with John Pierpont Morgan.
Tally Ho!!!!
@44
and we hate you
what a douche. i was in a trade at the time, too.
@47 YOU’RE A MORON. THERE IS NO WAY HE IS CLOSE FRIENDS WITH J.P.MORGAN.
MILTON R. BERLINSKI BECAME PARTNER AT GOLDMAN SACHS IN 1996, APPOINTED HEAD OF CORPORATE DEVELOPMENT IN 1999, AND ASSUMED RESPONSIBILITY OF THE FIRM’S STRATEGY IN 2001.
MILTON RECEIVED HIS BS FROM CALIFORNIA STATE UNIVERSITY NORTHRIDGE IN 1978 AND EARNED HIS MBA FROM WHARTON IN 1980.
Whoa, hold the phone Chuckie!
Its one thing when you repeat some crap you overheard @ whatever diner you were eating at, its another thing when you blow everyone’s cover and expose the double secret good ol’ boys club that runs this country, stfu already will ya, before everyone catches on to the rouse!
@51 you may be right…but c’mon first time on the internets….jeeze enough with the all caps! or is caps lock stuck on your etch’a'sketch….
go all caps!
@37 Maybe one day MCC will show us in detail just how big her ideas really are.
If any one of you are green enough to believe a Goldman Sachs denial about ANYTHING, it is no wonder we are in a mess.
@49 I CANT CONTROL THE VOLUME OF MY VOICE! IT WAS A HORRRIBLE DISEASE I WAS BORN WITH!
-WF
@51 I CANT CONTROL THE VOLUME OF MY VOICE! IT WAS A HORRRIBLE DISEASE I WAS BORN WITH!
-WF
@56, ok chuckie cheese, GOLDMAN is running a conspiracy! WOO HA HA! Do you personally know anyone at goldman? NO! emirite?
No one worth their salt would EVER take Goldman Sachs or one of their employees at their word. That’s all I’m saying, and anyone who has been around the block knows this. Intuitively.
I’ll bet Winkelried suggested someone buy his overpriced Nantucket home.
http://dealbreaker.com/2008/10/goldman-sachs-executive-sellin.php
@60 second that – I wouldn’t trust those pricks with the communion money.
@51.
Since you and Uncle Milty are so close, why don’t you tell us about the time he traded your mom for that AB portfolio of defaulted Thai auto loans.
F’in Clownshoes you are…..
@60 YEAH. AGREED. INTUITION IS THE NAME OF THE GAME. ESP LADY INTUITION. I MAKE ALL DECISIONS BASED ON MY GUT; KNOWLEDGE IS OVERRATED…FACTS SMACTS…
@65 its european. its a man purse.
he’s trying to say it was secret now because he didn’t receive an invitation. nice back peddle, douchebag
Soooooo fluuuuuiiid… I can’t take it.
@69 hey Ron Paul the Federal Reserve is calling. They want your basis points back and the UN will come with their black helicopters in 20 seconds….
In Bain’s defense the boy’s probably been on the beach for a while, and that khakis+handbags habit won’t pay for itself.
I thought Goldman Sachs was the government
I thought Golman Sachs was the government
@74 ok i get the ‘R’ and ‘L’ part, but WTF are flat-toe shoes? and how do you know what they are?
thanks,
junior
GS totally denying it. CNBC is laughable. Our trading floor has completely switched over to FBN and Bloomberg. We are so over that clown show. Besides, I’d rather stare at Liz Claman’s uh ticker anytime over any of the cnbc hags. Gah!
@76/77- you’ve been posting about how much better fbn/liz claman is for months. give it up. cnbc sucks, fbn is worse. the only difference is that no one watches fbn.
@ 59, if gs isn’t running a conspiracy, i have to rethink my entire book. . .
CNBC is laughable. Our entire trading floor has switched over to FBN and Bloomberg. Besides, Claman is easier on the eyes than the CNBC hags. Bartiromo? Gah!
Berlinski went to Cal State Northridge? Since when does GS recruit at Cal State Northridge? Or is that some west coast Ivy League place that I just never heard of?
Berlinski went to Cal State Northridge and then got into Wharton? The guy must be really good at writing personal statements.
Y’all are too hard on Charlie Gasparino, i think he’s Raptor Jesus: http://yawoot.com/post/2276
WHAT is the deal with Donny Deutsch?? Geez …. I know they killed his show, but trotting him out with a pair of Gekko suspenders does *not* give him credibility.
What a douche!
However, it did provide some comic relief to see him going after GasBag today. It was funny watching the “Brady Bunch” wall with everyone looking up and down and sideways to what was going on.
Best moment — Douche (Deutsch) started going apeshit on GasBag … “ARE YOU GOD, CHARLIE?? LET ME ASK MY QUESTION, and drivel, drivel, drivel”
For the LOVE of GOD, please take Deutsche off of CNBC and shoot him in the woods.
Twice. Just in case!
@85 Yes! and also he called gasbag Chuckie….something according to his bio, only his mother is allowed to call him:
http://www.cnbc.com/id/27827767
Too much JO, didn’t cry.
I call bullshit on this report.
whose the dude in the picture
haha well..
The verdict?! Robert Rubin sues himself.. harsh…
http://weeklyworldnews.com/headlines/6385/man-sues-himself-for-8-million/
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