Wall Street Roundup: Dodd-Frank bill turns 1, Apple eats Goldman

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Gold: Trading now at $1,590 per ounce, down 0.7% from Tuesday. Dow Jones industrial average: Trading now at 12,578.80, down 0.1% from Tuesday.

Dodd-Frank turns 1. Tomorrow is the anniversary of the passage of the Dodd-Frank financial reform bill and the reviews coming in are not glowing. Tim Geithner comes to the bill’s defense.

Dissecting Goldman. Analysts are still feasting on Goldman Sachs’ poor quarterly results and what it says about the bank’s future.

Apple eats Goldman. Apple announced big profits and now is rich enough that just with its free cash it could pay for Goldman Sachs at its current market capitalization.

-- Nathaniel Popper