Goldman Sachs etc have losing days too

Discussion in 'Wall St. News' started by Visaria, Aug 14, 2011.

  1. Visaria


  2. CrackPipe

    CrackPipe Guest

    i thought they closed their prop desks down???
  3. Visaria


    Yeah, good point :confused: .
  4. zdreg


    But it's important to note, as we have before, that though Goldman (and other banks) are shutting prop desks to comply with Fin Reg, it doesn't mean that they've shut down the practice of trading with the bank's cash altogether -- they've just figured out how to get around the Volcker loophole: shut down the prop desks and use client-based units to trade the bank's capital.
    Bankers haven't been quiet about their intention to take on proprietary positions without flouting the new rules.

    Read more:
  5. zdreg


    you came to this conclusion after a few down days.
    is it possible because goldman wouldn't take you on as a client?
    the only reason to allow yourself to make such an outrageous comment is envy and/or rejection.