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Wall Street Roundup: Goldman's tentacles. Bair's final warning.

July 1, 2011 |  8:36 am

Bull -- spencer platt getty Gold: Trading now at $1,484 per ounce, down 1.3% from Thursday. Dow Jones industrial average: Trading now at 12543.83, up 1.0% from Thursday.

Ending a good week. Stocks are up again Friday morning on some strong manufacturing data. If the pace continues, this should end as the best week for the markets in a year.

Goldman's tentacles. Goldman Sachs increased the number of tentacles it has in regulatory bodies around the world when it hired former economists from central banks in Europe, England and Japan.

Bair's final warning. Bank regulator Sheila Bair used her last appearance in front of Congress to warn that financial regulators are not being given enough money to enforce last year's financial reform bill.

Paulson pressure. While hedge fund magnate John Paulson appeared to be a big beneficiary of Bank of America's big settlement earlier this week, reports are now indicating that he had pushed the bank to fight back against investors.

-- Nathaniel Popper

Photo: Wall Street. Credit: Spencer Platt / Getty Images

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