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Goldman Sachs and the Vampire Squid, Again

Goldman Sachs Blink

Goldman Sachs has reported that it has dramatically reduced the risks it is taking, at least as measured by average daily Value at Risk, or VAR. Yet its in-house super bull is touting stocks.

The Threat To Wall Street From Europe's Bonus Cap

Wall Street Sign

Bankers working on Wall Street for European banks could have their bonuses capped under new rules agreed by the European Parliament this week. U.S. banks operating in Europe will also be affected, as their employees in Europe will come under the bonus cap.