Wouldn’t large banks and other institutions be in favor of more regulations to deepen their moats?

I could see why they’d want to get rid of Volckler though, so the big I-banks can return to the serious pre-crisis trading revenues they were printing.

Just looking quickly at Goldman’s 2006 10K shows they had over $25B in trading revenue, compared to $5.6B from their traditional investment banking sleeve. I had no idea it was at that level, wow.