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"With equity-based value at risk up 137% year over year, there should are few doubts about the future of institutional equities at Goldman,'' Hintz says. "Proprietary trading against the flow is the new name of the game.''
"Nearly all of our business produced record or near record results this quarter,'' said Henry Paulson, Goldman Sachs' chairman and CEO. "While we know that we cannot expect to achieve these results every quarter, we continue to see attractive opportunities and high levels of client activity.''
Nothing like knowing every hand on the table before you set up your own. They'll fold and cash in their chips long before those "attractive opportunities" start to vanish. House always wins. :eyes:
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