Goldman Sachs' Take On Bank Regulation

Since Goldman is the only party that ultimately determines domestic financial and economic policy through its Washington D.C. subsidiaries and puppets, the attached presentation disclosing the squid's thoughts on regulatory reform is about as significant as they get. Remember - what the Squid wants, the Squid gets. To be sure, that Goldman is virtually pretty much negative on practically every proposed "reform" is no surprise. Goldman likes to maintain its monopoly just as it is, for as long as it can. Pay particular attention to where Goldman Sachs sees the biggest opportunity: the $437 trillion Interest Rate Swap market. If Goldman were to formalize its monopolistic tentacles over this particular product, then it is pretty game over.

Comments

[Moonrajah]

Okay, so basically G$ is telling everybody that it's not a USD25tn casino but "just" a USD2.4tn casino, if you get everybody in one room. Hey, why didn't you say so before? And here we were worrying about the taxpayer dollars funding the next bailout. Silly us.

And we agree with you that using USD2.4tn taxpayers money is a wiser choice than asking the players to put USD75bn of actual money into margin requirements. Of course that's a x32-times difference, but what's a couple of trill between friends, right? Especially since "Capital levels are back to pre-crisis levels", as you have pointed out.

Hell, I felt filthy after reading this GS a$$-squeak. It's all out there in the open, their intentions, their sociopathic view of the world outside the Goldman window, everything that matters.

[Tart]

Will this audit the fed bill that's limited to Dec '07 and ahead going to suffice to show us what we want to see?

[primefool]

Marketwatch says the Squid may be softening its stance towards the SEC. See the Squid is actually big - hearted and may let the SEC off the hook this time by agreeing to a settlement - provided the SEC apologizes and agrees never to do it again.

[Miss Expectations]

At my beach they put up a red flag whenever a shark is sighted. What kind of flag should we use when we spot a giant squid? Importantly, where should it be flown?

[Kina]

Only WW3 is going to break GS power since government is full of Dodds.

So where is Obama bringing change to the nest of cockcroaches and rats? Found it easier to join the gang than to have some courage and call out these scum for what they are.

[DaveyJones]

"Goldman likes to maintain its monopoly just as it is, for as long as it can." Funny thing, so does the government

[Grand Supercycle]

Posted May 1st - a week before the crash.

 '11,250 / 300 is an area of significant resistance and if this level can’t be breached it should signal the end of the March 2009 bear market rally - the weekly DOW chart shows an expanding wedge indicating a significant move is probable - this remains an overbought bear market rally and the uptrend could falter at any time - the VIX index continues to give bullish warnings which is bearish for equities - long term charts of key equity indexes continue to give bearish warnings and the March 2009 lows will be breached in my opinion - USD Index bullish warnings since 2009 on the weekly and monthly chart have not changed and further USD strength and thus EURO weakness is still expected '

http://www.zerohedge.com/forum/latest-market-outlook-0

http://stockmarket618.wordpress.com