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Proprietary Trading

William Alden

The New 'Hot' Wall Street Trend: 'Boring' Banks

HuffingtonPost.com | William Alden | Posted 05.25.2011 | Business

The "hot" trend on Wall Street, the Wall Street Journal reports, is to be boring. In response to the soon-to-be-implemented international banking reg...

Tim Geithner Ignores Volcker Rule, Touts 'Financial Innovation'

The New York Times | SIMON JOHNSON | Posted 05.25.2011 | Business

Amazingly, Mr. Geithner made no reference to the Volcker Rule, either explicitly or even implicitly -- despite the centrality of this idea to the rece...

Volcker Pulls No Punches, Slams 'Broken' Financial System, Banks

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Paul Volcker pulled no punches Thursday in a speech at the Federal Reserve Bank of Chicago, criticizing nearly all aspects of the nation's financial s...

We could see it coming

Peter Schwartz | Posted 05.25.2011 | Business
Peter Schwartz

The New York Times writes today about the deceleration of the Wall Street Money Machine this summer, one that many did not see coming. Stock offering...

JPMorgan Said To Shut Down Division In Response To Volcker Rule

bloomberg.com | Dawn Kopecki and Chanyaporn Chanjoren | Posted 05.25.2011 | Business

Aug. 31 (Bloomberg) -- JPMorgan Chase & Co., the second- largest U.S. lender by assets, told traders who bet on commodities for the firm's account tha...

Paul Volcker Said To Be Disappointed With The Final Version Of His Rule

bloomberg.com | Yalman Onaran | Posted 05.25.2011 | Business

June 30 (Bloomberg) -- Paul Volcker is disappointed with the final version of the rule that bears his name. As first envisioned, the Volcker rule w...

Weak Financial Regulation Is Further Defanged

Jeff Madrick | Posted 05.25.2011 | Politics
Jeff Madrick

A significant story on the front page of today's New York Times explains just how easy it will probably be for the financial community to flaunt new regulation. High risk on Wall Street will go on.

Techno-Thriller: Why Was Goldman Sachs So Worried About One Nerdy Sentence?

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

Why did Goldman Sachs bother making Antonio Garcia-Martinez delete this particular sentence, out of the reams of scandalous things said about them, and then contact Business Insider to deny that it was true?

Financial Reform's Big Winner? Surprise, Surprise -- It Could Be Goldman Sachs

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

In the wake of the massive, 2,300-page financial reform bill signed into law by President Obama last month, Goldman Sachs may emerge without any noti...

What Do Goldman Sachs and B.B. King Have in Common? The Thrill Is Gone, Baby!

Reggie Middleton | Posted 05.25.2011 | Business
Reggie Middleton

Goldman Sachs, despite adulation in the press and the sell side, barely covers its cost of capital in ROE. This means that the firm is actually a lot riskier (economically) than many either realize or admit.

Goldman Sachs Plans To Spin Off Proprietary Trading

Posted 05.25.2011 | Business

Goldman Sachs is "seriously considering spinning off its proprietary trading unit" according to CNBC's Kate Kelly. The group plans to do so to comply ...

Ryan Grim

Prop Traders Being Reassigned In Wake Of Volcker Rule

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Business

A Fox Business report on Tuesday evening made backers of the Volcker Rule nervous that big banks had already found a way to trade taxpayer-backed mone...

Paul Volcker Gives Financial Reform Bill 'B Minus,' Regrets Past Silence On Deregulation

The New York Times | LOUIS UCHITELLE | Posted 05.25.2011 | Business

A well-regarded lion of the regulatory world, Mr. Volcker had endorsed the legislation before he went fishing, but unenthusiastically. If he were a te...

The Financial Crisis: We Know Enough; Now Let's Do Enough

SAFER | Posted 05.25.2011 | Business
SAFER

William Black, University of Missouri, Kansas City James Crotty, Department of Economics, University of Massachusetts, Amherst Jane D'Arista, SAFER & ...

Volcker Rule Could Wait Until 2022

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

With supporters and opponents of the much-debated financial reform bill emphasizing the urgency of the moment, one crucial component of the legislatio...

The Wall Street Obama Is Visiting Today Is OPEC's Hand Maiden and America Pays the Price

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Government policies should address the needed steps toward lower oil consumption, not the transfer of billions to the oil companies and their allies on Wall Street.

DK Matai | Posted 05.25.2011 | Business
DK Matai

Editor's Note: This post has been removed from the Huffington Post....

Is Paul Volcker Barack Obama's Potted Plant?

Miles Mogulescu | Posted 05.25.2011 | Politics
Miles Mogulescu

If after all the fanfare, photo ops, and promises to fight, the Obama administration shamefully doesn't manage to get the Volcker rules into an already weak financial reform bill, I hope Volcker doesn't wait until the next life to speak out.

Ryan Grim

Senate Dems Will Fight For Volcker Rule In Conference Negotiations: Merkley

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Politics

The Senate approved its Wall Street reform package on Thursday night without including a critical amendment, cosponsored by Sens. Jeff Merkley (D-Ore....

The Volcker Rule: Bank Lobbyists Fight To Change 'Must' To 'May'

Huffington Post | Grace Kiser | Posted 05.25.2011 | Business

As you may just have heard the devil is in the details. Or, in the case of the latest push to reform Wall Street, the devil is in whether or not the d...

Six Key Fights for Wall Street Reform's Next Phase

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Thursday night's passage of Wall Street reform is an event to be celebrated, but several key issues remain in play as the House and Senate iron out differences between their respective versions of the legislation.

Ryan Grim

Paul Volcker Supports Merkley-Levin Amendment To Senate Financial Reform Bill

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Business

Clearing up any confusion about where he stands, White House economic adviser Paul Volcker sent a simple note to Sens. Carl Levin (D-Mich.) and Jeff M...

In Defense of the Volcker Rule

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Some version of Wall Street reform is going to pass the Senate this week, but before it does, there are still three crucial battles to be waged, all of which would significantly change the way Wall Street does business.

It's Time to End Risky Gambling on Wall Street

Sen. Jeff Merkley | Posted 05.25.2011 | Business
Sen. Jeff Merkley

A vote this week will answer a critical question: Is Congress on the side of the American worker who lost so much in the Great Recession or is it on the side of the Wall Street firms that put all of us at risk?

USAA Changes its Tune on Financial Reform

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

This week we will see which Senators stand with the Goldman Sachs' of the world and which Senators stand with USAA against unethical and possibly illegal proprietary trading.