My interest in the large companies could be summarised by saying that it seems that after the GFC, Goldman had their balls cut off by the US government, and the

My interest in the large companies could be summarised by saying that it seems that after the GFC, Goldman had their balls cut off by the US government, and the question is what they do to work around the regulations and how other companies filled the gaps (and what those gaps were/are). It seems to me that Goldman’s push to retail is less motivated by magic massively large edge and more by the fact that they can’t do the trades they used to do (though maybe Goldman is a particularly bad example here and a more traditional IB+retail bank would be better to talk about). I’m sure there are lots of quirky things going on in the US financial infra but I think I just don’t know what they are. A simple question is what actually happens when money is wired (internationally) and how does that line up with the legal and intuitive concepts of owning the money, but I don’t know if that is actually an interesting question.