Description: Goldman Sachs Group Inc., which took $10 billion in U.S. bailout funds last year, shouldn’t get taxpayer support if the firm focuses on trading over banking, according to former Federal Reserve Chairman Paul Volcker.
Source: Bloomberg.com
Date: 12/12/2009
Link: http://www.bloomberg.com/apps/news?pid=20601103&sid=a.O8G_pyd5ZE
Questions for discussion:
- Summarize the highlights of the story.
- How might this impact the operations of the financial services industry and regulatory bodies? Explain your thinking
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