10/10/2012 08:40 am ET

If Spending Millions To Lobby Washington Doesn't Work, Goldman Has An Anti-Volcker Backup Plan

Goldman Sachs Group Inc. GS +0.14% is lobbying regulators to exempt investment vehicles known as credit funds from the "Volcker rule" in a bid to preserve the firm's lucrative merchant-banking unit.

But if Goldman fails, it has a backup plan.

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