exactly. for noob_trad3r who asked the question etc. read the partnership of goldman sach by charles ellis the culture of goldman sachs by lisa endlich
don't get your panties in a twist. This is a non-starter, first of all. If this new rule does see the light of day, the banks will make some legal structural changes and nothing will effectively change. What I want to know is when we're going to see some outrage over Fannie and Freddie and the disasters in Detroit. Love 'em or hate 'em, the banks have paid the money back with interest (I realize that's easier to do with a 0% interest rate, but that rate is available to fan, Fred and GM and they'll never pay anything back and will suck us dry eventually). When are we going after the Fred and Fan overlords in congress? When will we go after thug union leaders who are the special interests in power now. This bank thing is just a diversion from Obama's five year plan.
Everybody with an Interactive Brokers account can borrow 4 times there account balance (portfolio margin) at 1.3% a year. How are you all doing?
Looks like the Big O is not happy. The market is not happy either. We do not like punitive taxes. It sets precedent to abuse of power. Brendan P. Byrne
It's a bit easier to trade when you have access to all the inside information you could ever want and you get to watch order flow before order flow becomes order flow. Take away GS's monopoly on information and they are no better than any other schmuck trying to make a buck.