Senior Goldman execs buying guns to protect against populist uprising

Modern Rifles

Maybe someone should tell them a pistol just isn’t all effective in an apartment (because you have to know the assailant is coming) plus the bullets could easily go through walls and kill others. Not that an investment banker would care much about that. Also, concealed weapons permits are near impossible to get in NYC.

Maybe they should consider rural areas in gun-friendly states and get a place in the boonies surrounded by big barky dogs with serious rifles hanging near the doors. I think such folks are called “ranchers” or “farmers” and are certainly not anyone any Goldman exec has ever deigned to meet. Pity, they might actually learn something.

So what’s this really all about?

Henry Paulson, U.S. Treasury secretary during the bailout and a former Goldman Sachs CEO, let it slip during testimony to Congress last summer when he explained why it was so critical to bail out Goldman Sachs, and — oh yes — the other banks. People “were unhappy with the big discrepancies in wealth, but they at least believed in the system and in some form of market-driven capitalism. But if we had a complete meltdown, it could lead to people questioning the basis of the system.”

Torn Curtain

There you have it. The bailout was meant to keep the curtain drawn on the way the rich make money, not from the free market, but from the lack of one.

(The above quote, incredibly enough, is from a Bloomberg op-ed)

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  • EGrise

    The banker had told this friend of mine that senior Goldman people have loaded up on firearms and are now equipped to defend themselves if there is a populist uprising against the bank.

    Sheesh, good luck with that. So many things wrong with this line of thinking I don’t know where to begin.

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