[ham_sandwich]

Wouldn’t large banks and other institutions be in favor of more regulations to deepen their moats?

I could see why they’d want to get rid of Volckler though, so the big I-banks can return to the serious pre-crisis trading revenues they were printing.

Just looking quickly at Goldman’s 2006 10K shows they had over $25B in trading revenue, compared to $5.6B from their traditional investment banking sleeve. I had no idea it was at that level, wow.

[b_tterc_p]

Banking is already very difficult to enter. They have one of the biggest moats across all industries. This is just a block on extra risky behaviors that are quite lucrative for the banks.