Harold Meyerson Mostly Right on Goldman and Speculation

Harold Meyerson has a good column noting Goldman Sachs role in manipulating prices in the aluminum market and arguing for a new Glass-Steagall Act prohibiting banks from getting into other lines of business. The points are well taken but the description of Goldman's ability to manipulate prices in the aluminum market go beyond just bank abuses. The allegations against Goldman Sachs raise basic anti-trust issues.

If any firm is able to manipulate prices in a major market in the way Goldman app...