This article. A dramatic summary, for your pleasure:
Some years ago:
Government: "Hey, here's some money for banks."
Goldman, Morgan Stanley: "WHOOOA, there partner, we're banks! Right here."
Present day:
Government: "Hey, so we're not gonna allow banks to perform proprietary training with their own capital."
Goldman, Morgan Stanley: "WE ARE...DEFINITELY not a bank, come on, HAH. No."
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