Are Goldman execs arming themselves? (Hint: No.)

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.

Published by Waldo Jaquith

Waldo Jaquith (JAKE-with) is an open government technologist who lives near Char­lottes­­ville, VA, USA. more »

2 replies on “Are Goldman execs arming themselves? (Hint: No.)”

  1. 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.

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