Goldman Sachs issued a memo to clients blasting the Wall Street Journal's article on the "huddles."  The memo, first published by DealBreaker's Bess Levin, denied the allegations, noting:  "A 'huddle' is not a forum for sharing stock or sector 'tips'."

Business Insider's John Carney, now a Senior Editor with CNBC.com, remarked that it seemed imminently clear that "Goldman clients -- the ones not invited to huddles -- must have been raising questions about why they were being left out."  He added that the most damaging aspect of the article was the possibility that some "most-favored" clients were getting information or advice that conflicted with what Goldman was telling ordinary clients got - e.g., clients coaxed to go long asset backed securities might be peeved if there was some secret Goldman huddle where top clients were told to short."

Goldman then went on the record denying that this occurs.  

To link to the this story, go to:  [Business Insider, 8/27/09]

Here's the memo that Ms. Levin obtained.