Goldman Sachs comments on Volcker - You're gonna love this one.

[MrCoffee]

Citi's comments on Volcker

MetLife's comments on Volcker

I'm posting this one in it's entirety because it's so awesome.

http://www.federalreserve.gov/SECRS/2012/February/20120207/R-1432/R-1432_012712_88694_357698931017_1.pdf

Summary: Staff of the Federal Reserve Board met with representatives of Goldman Sachs & Co. ("Goldman&quot to discuss the restrictions on proprietary trading and hedge fund and private equity fund activities under section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (also known as the "Volcker Rule&quot .

The Goldman representatives discussed their views on the exception in the proposed rule from the proprietary trading restrictions for certain market making activities and how such activities fit into the metrics contained in the proposal to implement the Volcker Rule. The proper application of individual metrics to trading based on different asset classes, trading strategies, or market conditions and the level at which proposed metrics should be calculated and reported and application of the conformance period to both existing and new activities.

That's all you need to know, suckers.

[1ProudAtheist]

1. Nationalize

the banks....save the country.

[MrCoffee]

2. I'd be fine with just getting them out of the market speculation business

We need banks (I'm not a fan of the cash under the mattress approach to personal finance), we don't need greedy bastards artificially pumping up markets using every scam in the book.

[denbot]

3. Simply reinstate the Glass-Steagall Act

It separates commercial banking (safe) from investment banking (risky).

[MrCoffee]

4. A sensible suggestion...it'll never ever happen

I'm with you 100%, though.

[banned from Kos]

5. How would that affect Goldman? They are not in commercial banking.

Nor is Morgan Stanley.

[pansypoo53219]

6. america has to forclose on goldman suxs.

and nationalize the banks.