Relevant:
- Banks Lose $836 Million in First Annual Loss in Derivatives
- Goldman Sachs’s record profits are not a signal to relax
- Goldman Sachs Demands Derivatives Collateral It Won’t Dish Out
- Q1 Bank Trading: Only Interest Rate Derivatives (Make That Goldman Sachs) Profitable
- Goldman quarterly profits more than double to $1.93bn
2009-10-17 — blogspot.com
"All for the good of the country. And if you happen to make a billion per month in trading profits, well, that is the price of freedom for a job well done. Besides, a lot comes back in lobbying and campaign contributions. And you get to be rather porky and demanding about new banking and derivatives regulations because after all, you have a job to do and if they won't let you do it, well its uh oh."
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