“Biggest banks dodge some bullets” – WSJ’s take on the bill $GS may have to make some changes

 

“Biggest banks dodge some bullets” – WSJ’s take on the bill – sums up what has become the consensus view on the bill, that it “could have been worse” – GS may have to make some changes (like cutting back the ~$15B+ it has invested in PE/HFs to as little as ~$2B), although it will have 7 years to implement the adjustment (MS will also have to make some cuts – from ~$4.5B down to ~$1.5B); also – banks can continue to manage the funds (and thus earn fees); banks that own HF management companies will prob. be able to retain those investments (since they contain client capital) – WSJ