Goldman Sachs Could be Largely Unaffected by ‘Financial Overhaul’
August 16th, 2010Don’t worry, I won’t bring back the smirking Blankfein banner.
Via: Los Angeles Times:
As Wall Street scrambles to find the best and most profitable way to operate under the new financial reform law, Goldman Sachs Group Inc. — the firm that was expected to suffer the most under the legislation — could emerge practically unscathed.
Right after Congress passed the regulatory overhaul bill last month, analysts estimated that as much as one-tenth of the preeminent investment bank’s earnings could vanish because of new restrictions on activities targeted by the regulatory overhaul.
More recently, however, top Goldman executives privately advised analysts that the bank did not expect the reform measure to cost it any revenue.
the firm that was expected to suffer the most under the legislation
ah, hello? is this an article from The Onion?
no? LA Times? oh, same difference!
mind control, dictatorship…blah, blah…
@togichi
Kevin, as always on the ball, and rightly so, censored my comment. I went on the warpath.
From the Onion. Hah Hah Hah.
Wish I had your sense of humor.
@Eileen
ha, the major US media, an integral part of the Empire, are more Orwellian than George O himself. that fact that they do this stuff with a straight face, AND they get away with it every day is… amazing. yes, Wall St. is sick, but the things that rally make my blood boil are usually related to the group of nutters in the Middle East who are armed to the teeth with nuclear weapons. and those nutters’ “interesting” relationship with the US.