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Zarathustra · 09-22-2008, 03:40 AM

http://www.reuters.com/article/email...EN838420080922

Goldman Sachs to be regulated by Fed

PHILADELPHIA (Reuters) - Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) said on Sunday it would become the fourth largest bank holding company and would be regulated by the Federal Reserve.

Goldman said it would move assets from a number of strategic businesses, including its lending businesses, into an entity called GS Bank USA that would have more than $150 billion in assets.

GS Bank USA would be one of the ten largest banks in the United States, with assets that are fully funded for term and available to funded by the Federal Reserve.

Goldman said it intends to grow our deposit base through acquisitions and organically.

09-22-2008, 03:40 AM	#27
Zarathustra Avalon Senior Member Join Date: Sep 2008 Location: Eastern U.S. Posts: 429	Re: The Mother Of All Frauds http://www.reuters.com/article/email...EN838420080922 Goldman Sachs to be regulated by Fed PHILADELPHIA (Reuters) - Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) said on Sunday it would become the fourth largest bank holding company and would be regulated by the Federal Reserve. Goldman said it would move assets from a number of strategic businesses, including its lending businesses, into an entity called GS Bank USA that would have more than $150 billion in assets. GS Bank USA would be one of the ten largest banks in the United States, with assets that are fully funded for term and available to funded by the Federal Reserve. Goldman said it intends to grow our deposit base through acquisitions and organically.