Relevant:
- Secret Goldman Team Sidesteps Volcker After Blankfein Vow - Bloomberg
- Goldman plans to spin off prop trading: report
- Inside the mind of an investment banker: Greece, Goldman and derivatives
- SEC Investigation of Goldman Trading Against Its Clients Widens
- Whale of a Problem: Regulators Subvert Will of Congress
2011-03-28 — bloomberg.com
"Created during the late 1990s, SSG invests the bank’s money in the debt and equity of troubled companies and makes loans to high-risk borrowers. The effort to defend it illustrates how important the business is to Goldman Sachs and may be a test of how flexible regulators will be in defining proprietary trading."
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