La Croix Energy Capital | Petroleum Derivative Trading

“Think like a fundamentalist; trade like a chartist.”
Dennis Gartman. Rule #8 - Gartman’s Simple Rules of Trading

Tuesday, January 26, 2010

Banking in the News

Goldman Sachs, in cross hairs, mulls options
Jan. 25 NEW YORK (Reuters) - Goldman Sachs Group might be the most vulnerable U.S. bank under President Barack Obama's proposals to crack down on Wall Street.

If Obama's "Volcker plan" were enacted, Goldman could be forced to explore a range of drastic measures, including spinning off key businesses, returning its bank charter -- or even taking the firm private.
Read more: http://www.reuters.com/article/idUSTRE60P0JW20100126

Other reading: Banks’ exposure to the Obama Plan
http://blogs.reuters.com/great-debate/2010/01/25/banks-exposure-to-the-obama-plan/