Banks could be prevented from taking the "other side" of investments that they create for clients, as the Goldman Sachs fraud allegations continue to reverberate on Wall Street. Senators who accused Goldman last month of "betting against its customers" yesterday revealed new legislation that would stop banks from holding a proprietary short position on investments in which they acted as a securities underwriter. Carl Levin, a Michigan Democrat, said the interests of Wall Street banks were not...
Full Story: The Times
