Economy: Economic News, Policy & Analysis - The Washington Post: Can Obama’s Wall Street reform address Greg Smith’s problem with Goldman?

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Can Obama's Wall Street reform address Greg Smith's problem with Goldman? Mar 15th 2012, 17:38 Greg Smith's biggest complaint about Goldman Sachs in his New York Times op-ed is the way he thinks the firm forsakes its clients' interests in the name of bigger profits. And that's precisely the problem that one of the most sweeping and controversial parts of Dodd-Frank is meant to address. The Volcker Rule prohibits banks that are backed by government guarantees from making speculative bets that don't benefit their customers — in other words, it's a ban on what is known as proprietary trading. Read full article >>

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