Goldman's JOBS Act and Mary Schapiro's New Gig

Receiving Wide Coverage ...

A Goldman Specialty: Today was a morning of scattered financial coverage: the only story to be covered by more than one outlet is a Securities and Exchange Commission filing revealing that Goldman Sachs will launch a specialty finance company. The vehicle will use Goldman and investor money to purchase the high-risk debt of unrated midsized US companies, but don't call that prop trading – it's a business development corporation! And under the...