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Tuff-Stuff

07/27/10 6:35 PM

#329768 RE: Tuff-Stuff #329767

Goldman Sachs (GS) already has figured out a way to circumvent the Volcker Rule, Charlie Gasparino says: turning its risk-taking traders into asset managers. Goldman has moved about half of its prop stock-trading operations into its asset management division, he says, where the traders can talk to clients and then place their market bets; the rest of Wall Street may soon follow.