Goldman - pushing the Volcker envelope ?

Goldman Sachs Blink

Goldman Sachs has been on a shopping spree with its own money, snapping up apartments in Spain, a mall in Utah and a European ink company, all of which the bank hopes eventually to sell for a profit.

The New York Times reports that these are the sorts of investments that many, including some of the bank’s regulators, had assumed would be prohibited by one of the signature elements of the 2010 financial overhaul legislation, the Volcker Rule.

Yet while its competitors have been abandoning the business of making big bets with their own money, frequently citing the risks involved, Goldman has been quietly coming up with several new ways to put its own money to work in formats that appear to stay on the right side of Volcker.

To access the complete New York Times article hit the link below:

Goldman Investments Are Testing Volcker Rule

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