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Volcker Rule May Put Goldman Special Situation Profit at Risk

Goldman Ssg Volcker

First Posted: 03/28/11 10:53 AM ET Updated: 05/28/11 06:12 AM ET

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Bloomberg:

For Goldman Sachs Group Inc.’s Special Situations Group, disasters can be a source of some of the biggest profits. Now the secretive investing operation faces its own potential calamity.

Read the whole story: Bloomberg

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For Goldman Sachs Group Inc.’s Special Situations Group, disasters can be a source of some of the biggest profits. Now the secretive investing operation faces its own potential calamity.
For Goldman Sachs Group Inc.’s Special Situations Group, disasters can be a source of some of the biggest profits. Now the secretive investing operation faces its own potential calamity.
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Squiggie
403 Fans
12:49 PM on 03/28/2011
"...“It is proprietary trading, but the business can also be modified if you had to,” said Brad Hintz, an analyst at Sanford C. Bernstein & Co. in New York. The question, he said, is “Where will the regulators draw the line?.."

Brad, Brad, Brad, come now, you know the answer as well as we do...
The regulators will "draw the line" precisely where GS tells them to draw it!
This entire regulatory overhaul thing is nothing but a grand charade.
GS and the rest of the criminals on Wall Street will continue to call the shots and scam the system at the expense of the middle class with total impunity.
Yeah, once in a while they'll throw some mid-level flunky under the bus and allow him/her to be prosecuted and jailed to promote the illusion of justice. In the end, it's business as usual...
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HUFFPOST SUPER USER
james rimes
Armonicamedia
195 Fans
 
12:33 PM on 03/28/2011
This is the same concept as the Daisy Chain that was used in the S&L Crisis and Enron..These Boys in Girls should be in EXTENDED time out with Bars and 1 hour exercise per day...
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nanimal
288 Fans
10:16 AM on 03/28/2011
Finally a portion of the financial reform bill is working...no small task considering how watered down it was.
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HmblDog
16 Fans
10:10 AM on 03/28/2011
“To maximize many of these positions, SSG has followed a ‘loan-to-control’ strategy, whereby distressed-debt positions wind up as a controlling equity stake,” the analyst wrote.

wow. this sounds like something out of an old episode of The Untouchables. "Sure. We'll be happy to help you make payroll this week." "Now I'd like you to meet my cousin Vinny who'll be your new silent partner."
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