Goldman in a quarterly regulatory filing said it did not lose money trading on any day the first quarter of 2010. It said trading revenue on more than 35 days exceeded $100 million.
I really want to know how much of these profits occurred in trades with the Federal Reserve Bank of NY, where it acts as a primary dealer.
When the down day hit, nearly 1,000 points on the DJIA, Goldman Sachs disappeared as a supplemental liquidity provider. One role of a primary dealer.
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