Goldman Sachs: A Telling Example

According to reports by the Wall Street Journal, Goldman Sachs (NYS: GS) has been lobbying against a particular part of the Volcker Rule that inhibits its "credit funds" business. Credit funds are similar to private equity, but on the debt financing side, and Goldman wants an exemption on these. If the bank's lobbying attempts fail, then expect it to turn to a loophole in the law's definition of hedge funds and private equity, which exempts ones that are "making small loans, industrial banking, or similar businesses or investing in real estate, oil, gas or mining." In the video above, Fool.com analyst Anand Chokkavelu provides the full story and offers his take on the matter.

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The article Goldman Sachs: A Telling Example originally appeared on Fool.com.

Anand Chokkavelu has no positions in the stocks mentioned above. Fool contributor Matt Koppenheffer owns shares of Morgan Stanley. The Motley Fool owns shares of Citigroup Inc and JPMorgan Chase & Co. Motley Fool newsletter services recommend Goldman Sachs Group. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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