Goldman Sachs Shouldn’t Be Able to Jawbone the Fed
In the wake of this year’s stress test, there is some hope that might not be the case. On Thursday evening, after the release of the first stage of the annual bank stress test, Goldman Sachs Group Inc. put out a statement indicating that it was unhappy with the results and said that it planned to air its grievances with the Federal Reserve. The bank said its estimate of how much it would lose in an economic downturn “diverged” from the Fed. And it suggested that after a talk with the Fed, the regulators were sure to see things Goldman’s way.