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'Goldman trades should not get US aid'

Goldman Sachs Group Inc, which took $10 billion in US bailout funds last year, shouldn’t get taxpayer support if the firm focuses on trading over banking, according to former Federal Reserve Chairman Paul Volcker. - Goldman"s stock bonus plan to ward off criticism - Suman Bery: "Emerging" implications">Suman Bery: "Emerging" implications - No cash bonuses for Goldman Sachs" top 30 execs - Panasonic to buy 50% of Sanyo for $4.6 bn - Indian economy to grow by 8.2% in FY11: Goldman - XLRI gets Rs 5 lakh highest offer for global summer intern The “safety net” provided by the US government “should not be extended beyond the core commercial-banking business,” Volcker, 82, said in an interview at Deutsche Bank AG’s Berlin office, where he was attending a conference. “They can do trading and do anything they want, but then they shouldn’t have access to the safety net.”


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