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IPFS News Link • Economy - Economics USA

Goldman Sachs: Curbing Speculators May Disrupt Markets

07/31/2009 • Institutional Derivatives

Sounds like a threat to me. Goldman Sachs Group Inc., the bank that makes the most money from commodities, fixed-income and currency trading, said attempts to curb speculation may be “disruptive” to energy markets. “The role that is played by non-traditional participants such as index investors and other financial participants often has been mischaracterized,” Don Casturo, a Goldman Sachs managing director, said today at a Commodity Futures Trading Commission hearing in Washington. The testimony was part of the second day of hearings on excessive market speculation and how to respond.

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