FBN’s Senior Correspondent Charlie Gasparino reports that despite the provision in the financial reform bill to get rid of proposition trading, there is “enough leeway” in the Dodd-Frank Bill so that Goldman Sachs (GS) will be able to keep their “prop trading as is.”
Excerpt from the report : Courtesy of Fox Business Networks
On how the Dodd-Frank Bill will benefit Goldman Sachs:
“People inside Goldman Sachs are telling the FOX Business Network the Dodd-Frank rules are so in flux that the new changes could allow the firm to keep its private equity arm. There is going to be enough leeway that they are probably going to be able to keep the prop trading as is.”
