2010-08-07creditwritedowns.com

"No wonder Goldman has resisted derivatives regulation so fiercely. A huge percentage of the firm’s revenue comes from these activities (hat tip R.W.). The Wall Street Journal is reporting that as much as a third of the firm’s revenue came from derivatives last year."



Comments:

catherine at 09:55 2010-08-08 said:
UNTIL YOU HEAR POLITICIANS TALK ABOUT PUTTING GLASS-STEAGALL BACK ON THE BOOKS....................then of course Goldman and their buddies are going to continue to securitize everything FOR A PROFIT.............. Permalink

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