- Goldman Sachs is attempting to persuade lawmakers into exempting credit funds from Volcker regulation.
- Volcker rule limits a firms total investment in hedge and private equity ventures to 3% of capital.
- Credit funds provide loans to companies in need of capital that cannot otherwise achieve terms.
- Wall Street has spent $330 million on lobbying (GS $8.3 million) since Dodd-Frank passed.
- A trend has shifted Wall Street support from Obama to Romney, with donations pouring in support of amiable regulation of the finance industry.
Tags:
dodd, equity ventures, finance industry, Goldman Sachs, MARKETS, Obama, POLITICS, private equity, romney campaign, volcker, Wall Street
