‘Volcker rule’ gives Goldman stark choice

http://www.ft.com/cms/s/0/121fe9d0-1753-11df-94f6-00144feab49a.html

“The implication for Goldman Sachs or any other institution is, do you want to be a bank?” Mr Volcker said in a video interview with the Financial Times. “If you don’t want to follow those [banking] rules, you want to go out and do a lot of proprietary stuff, fine, but don’t do it with a banking licence.”