Goldman Sachs needn't worry about financial regulation
Goldman Sachs group shares fell 25% as the Dodd-Frank Wall Street Reform & Consumer Protection Act--that is, the financial regulation bill--rumbled toward passage in Congress. The 848-page reform law seemed to take square aim at Goldman's vast derivatives and private equity operations. But now that the bill has passed, Goldman investors can exhale. The provisions that seem most damaging to the $850 billion (assets) bank may not affect it much at all. Some might even make it richer.