Goldman Lobbying Hard to Weaken Volcker Rule
NYTIMES ARTICLE FROM REUTERSNEW YORK (Reuters) - Goldman Sachs Group Inc has just a few more months to put its stamp on the Volcker rule, and it is not wasting any time.
The rule, designed to limit banks from speculating with their own money, will cost Goldman at least $3.7 billion in annual revenue, by one estimate. And billions more could be at stake if regulations now being drawn up are extra-tough.
