HKS Affiliated Authors


Goldman Sachs did not violate the Volcker Rule (and $1 billion is a drop in the bucket anyway). Hal Scott, January 12, 2013, Opinion. "Here’s the secret about that secret Goldman Sachs team that made headlines this week: It’s not really doing anything wrong. Bloomberg News reported that the investment bank is sidestepping the so-called Volcker rule by having a group within the firm, with $1 billion of assets under management, make risky “hedge fund” type investments. Take this story with a large grain of salt. The Volcker Rule, enacted by Congress, prohibits proprietary..." Link verified June 19, 2014