Comments on: Quote of the day, Goldman edition http://blogs.reuters.com/felix-salmon/2010/01/21/quote-of-the-day-goldman-edition/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: randolfduke http://blogs.reuters.com/felix-salmon/2010/01/21/quote-of-the-day-goldman-edition/comment-page-1/#comment-11450 Mon, 25 Jan 2010 06:32:37 +0000 http://blogs.reuters.com/felix-salmon/2010/01/21/quote-of-the-day-goldman-edition/#comment-11450 are you serious? when you say Goldman already has no dedicated prop desk, do you mean they shut them down in the last 6 months. All of them? In every country? In every asset class?

You ignore the principal investment business which is huge. That is an easy one to regulate.

If they don’t lend, don’t bail them out. That is the key to the rule. Especially since none of the cheap money that the fed has given the banks have wound up in the real economy instead of financial instruments collecting a spread.

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By: vk9141 http://blogs.reuters.com/felix-salmon/2010/01/21/quote-of-the-day-goldman-edition/comment-page-1/#comment-11398 Fri, 22 Jan 2010 09:26:07 +0000 http://blogs.reuters.com/felix-salmon/2010/01/21/quote-of-the-day-goldman-edition/#comment-11398 GingerYellow – I have seen this phenomemenon too

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By: GingerYellow http://blogs.reuters.com/felix-salmon/2010/01/21/quote-of-the-day-goldman-edition/comment-page-1/#comment-11367 Thu, 21 Jan 2010 19:55:55 +0000 http://blogs.reuters.com/felix-salmon/2010/01/21/quote-of-the-day-goldman-edition/#comment-11367 In a lot of cases, client activity is taken on specifically to generate prop trading revenue. For instance, one of the biggest incentives for investment banks to underwrite asset/mortgage backed securities in Europe was to be able to write the lucrative currency/interest rate swaps. That picture is slightly different now because of tightened counterparty criteria for securitisations, but the principle still applies.

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