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.
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.