Mr. Michael Duvally

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  www.caymannetnews.com/news-19157--1-1---.html - [Cached Version]
  Published on: 11/5/2009    Last Visited: 11/5/2009  

  Goldman spokesman Michael DuVally said that the firm "sold mortgage securities only to sophisticated investors" and disclosed "all the appropriate information available."
  
  Research by McClatchy Newspapers also found at least two instances in which Goldman appeared to mislead investors. In one, the firm said that $65.3 million in securities were backed by safe "prime" mortgages when the same loans had been labeled a cut below prime in a US offering. In the other, Goldman listed $10 million as "midprime" loans when the underlying mortgages had been made to subprime borrowers with shaky finances.
  
  DuVally said that the descriptions were consistent with the standards set by Moody's, the bond-rating agency.
  
  T he secret Cayman Islands deals provide a window into one method that Goldman and other Wall Street firms used to draw European banks and other foreign financial institutions into investing hundreds of billions of dollars in securities tied to risky US home loans.
  ...
  DuVally said the company could find no record of marketing the bonds in those countries, but that the securities may have gotten there through the resale market.

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  www.mcclatchydc.com/economy/story/68552.html - [Cached Version]
  Published on: 5/20/2009    Last Visited: 5/21/2009  

  "Goldman Sachs declines to comment for your story," spokesman Michael DuVally said.

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  dealbook.blogs.nytimes.com/2009/05/11/goldman-settles-s - [Cached Version]
  Published on: 5/11/2009    Last Visited: 7/12/2009  

  A Goldman spokesman, Michael DuVally, told Reuters that the investment bank was "pleased" to have settled the matter.

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  www.goldmansachs666.com/2009_05_01_archive.html - [Cached Version]
  Published on: 5/1/2009    Last Visited: 7/4/2009  

  The only statement I could squeeze out of Goldman was a one-liner from a P.R. man, Michael DuVally.
  ...
  "Goldman Sachs is pleased to have resolved this matter," says Michael DuVally, a Goldman spokesman, declining to comment further.

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  brechtforum.org/roots-financial-crisis-who-blame - [Cached Version]
  Published on: 5/6/2009    Last Visited: 5/17/2009  

  "Much of the past year has been deeply humbling for our industry," bank spokesman Michael DuVally wrote the Center.

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  www.thestate.com/nationalpolitics/story/1006563.html - [Cached Version]
  Published on: 11/4/2009    Last Visited: 11/5/2009  

  Goldman spokesman Michael DuVally declined to comment on how Goldman got involved with lenders such as New Century. He stressed, however, that the firm "was not the largest purchaser of loans from any of these mortgage originators, and in some cases was actually quite a small purchaser."
  ...
  Duvally, the Goldman spokesman, denied that the firm felt pressure from mortgage lenders to relax its loan quality standards to win bids on pools of mortgages. He said that Goldman's standards were at least as tough in 2006 as they were in 2002, but he declined to describe them.

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  www.thestate.com/nationalpolitics/story/1012404.html - [Cached Version]
  Published on: 11/4/2009    Last Visited: 11/5/2009  

  Goldman spokesman Michael DuVally stressed, however, that the firm "was not the largest purchaser of loans from any of these mortgage originators, and in some cases was actually quite a small purchaser."
  ...
  Duvally, the Goldman spokesman, denied that the firm felt pressure from mortgage lenders to relax its loan quality standards to win bids on pools of mortgages. He said that Goldman's standards were at least as tough in 2006 as they were in 2002, but he declined to describe them.

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  www.adn.com/money/story/995392.html - [Cached Version]
  Published on: 11/4/2009    Last Visited: 11/4/2009  

  A Goldman spokesman, Michael DuVally, said the firm decided in December 2006 to reduce its mortgage risks and did so by selling off subprime-related securities and making myriad insurance-like bets, called credit-default swaps, to "hedge" against a housing downturn.
  
  DuVally told McClatchy that Goldman "had no obligation to disclose how it was managing its risk, nor would investors have expected us to do so ... other market participants had access to the same information we did."
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  DuVally said that at the time, Goldman executives "had no way of knowing how difficult housing or financial market conditions would become."
  
  DuVally said Goldman has made bets with hundreds of unidentified counterparties to insure its own subprime risks and to take positions against the housing market for its clients. Until the end of 2006, he said, Goldman was still betting on a strong housing market.
  
  However, Goldman sold off nearly $28 billion of risky mortgage securities it had issued in the United States in 2006, including $10 billion on Oct. 6, 2006. The firm unloaded another $11 billion in February 2007, after it had intensified its contrary bets. Goldman also stopped buying risky home mortgages after the December meeting, though DuVally declined to say when.
  
  I'VE GOT A SECRET
  
  Goldman never revealed its secret wagers.
  
  Asked whether Goldman's bond sellers knew about the contrary bets, spokesman DuVally said the company's mortgage business "has extensive barriers designed to keep information within its proper confines."
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  DuVally said the firm sold virtually all its subprime-related securities to Qualified Institutional Buyers, a class of sophisticated investors that are afforded fewer protections than small investors are under federal securities laws. He said Goldman made all the required disclosures about risks.
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  DuVally said that investors were fully informed of all known risks.

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  www.ledger-enquirer.com/news/story/895788.html - [Cached Version]
  Published on: 11/4/2009    Last Visited: 11/4/2009  

  Goldman spokesman Michael DuVally declined to comment on how Goldman got involved with lenders such as New Century. He stressed, however, that the firm "was not the largest purchaser of loans from any of these mortgage originators, and in some cases was actually quite a small purchaser."

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  www.bradenton.com/business/story/1828968.html - [Cached Version]
  Published on: 11/4/2009    Last Visited: 11/4/2009  

  Goldman spokesman Michael DuVally stressed, however, that the firm "was not the largest purchaser of loans from any of these mortgage originators, and in some cases was actually quite a small purchaser."

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