Bloomberg claims that Goldman Sachs executives are buying firearms to prepare for a peasant uprising. Major news outlets across the globe are repeating the story uncritically. I call bullshit.
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Open source, procurement, and gov tech.
Bloomberg claims that Goldman Sachs executives are buying firearms to prepare for a peasant uprising. Major news outlets across the globe are repeating the story uncritically. I call bullshit.
Comments are closed.
To Goldman’s foresight, they did have enough to unwind their mortgage positions and buy a boatload of credit default swaps against AIG. And they were outperforming their broker-dealer, investment banking peers. They aren’t responsible for preventing systemic risk (even if they foresaw it), their job is to make money off of it.
I agree, the gun-hoarding angle seems flimsy. They’re probably buying antique guns for investment purposes.