Relevant:
- Whale of a Problem: Regulators Subvert Will of Congress
- Paul Ryan Appears to Endorse Volcker Rule, Other Reforms He Usually Opposes
- Volcker Said to Be Disappointed With Final Version of His Rule
- Goldman Redeems $250 Million Hedge-Fund Stakes on Volcker
- Under Volcker, Old Dividing Line in Banks May Return
2013-01-08 — bloomberg.com
``The team's survival shows how Goldman Sachs has worked around regulations curbing proprietary bets at banks. Former Federal Reserve Chairman Paul A. Volcker singled out the company in 2009, saying it shouldn't get taxpayer support if it focuses on trading. A section of the 2010 Dodd-Frank Act known as the Volcker rule, drafted to prevent banks from taking on excessive risk, limits short-term investments made with firms' capital. ''
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