Oftentimes Culture Changes News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Talked about culture changes. oftentimes culture changes in response to the actual conditions of the business, would that rule change a business enough that the culture swro to follow? yeah. i think there s will s something to that. the extent to which the banks can evade the volcker rule still very much an open question. i mean, they you know, people on wall street screamed about the fact that the rule reflected this misunderstanding between, you know, what the firm does and a lot of what appears to be trading and appears to be betting for their own book is market making and it is what greg smith did were not doing enough of. the lines are still fuzzy enough that i think it is probably not going to be a strict enough rule to produce this sort of culture change. exact. i with goldman, the truth is as you were saying in the opening, 2006, when they decided to make this proprietary bet against the mortgage market, that was a proprietary desk in their mortgage area. ....

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