Goldman’s ‘Secret’ Team Shows Volcker’s Folly
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Jan. 14 (Bloomberg) -- An enterprising piece ofinvestigative reporting by Bloomberg News’s Max Abelson, about a“secret” team inside Goldman Sachs Group Inc. charged withinvesting $1 billion of the firm’s money, raised eyebrows onWall Street.
More important, the story raises major questions aboutwhether the so-called Volcker rule -- still being written inWashington’s halls of power -- will put too fine a point on thekinds of risks Wall Street banks are permitted to take.