Goldman May Have Found Silver Bullet For Volcker Rule
By Evan Weinberger (April 2, 2013, 7:32 PM EDT) -- Even though regulators have yet to finalize the so-called Volcker Rule, Goldman Sachs Group Inc. may have already found a way around the Dodd-Frank Act's ban on proprietary trading with a specialty finance company launched this week that will invest the bank's money in high-risk debt.
By setting up an independent business development company in which it will hold a minority stake and limited leverage exposures, Goldman will be able to engage in at least limited proprietary trading. And because the firm will be small enough to qualify for as an emerging growth company under the 2012 Jumpstart Our Business Startups...
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