Discussion in 'Wall St. News' started by Visaria, Aug 14, 2011.
God only knows why these people are still allowed to trade customer deposits and other people's money.
i thought they closed their prop desks down???
Yeah, good point .
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: http://www.businessinsider.com/gold...-surrender-to-dodd-frank-2011-3#ixzz1V2lFZJza
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.
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