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Goldman demands risks but won't take any
Goldman Sachs Group Inc. and JPMorgan Chase Co., two of the biggest traders of over-the-counter derivatives, are exploiting their growing clout in that market to secure cheap funding in addition to billions in revenue from the business. Both New York-based banks are demanding unequal arrangements with hedge-fund firms, forcing them to post more cash collateral to offset risks on trades while putting up less on their own wagers.Cite as: In Re Vivendi Universal, S.A. Securities Litigation, 02 Civ. 05571 (RJH) (HBP), NYLJ 1202483178116, at *1 (SDNY, Decided February 17, 2011)District Jud
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