This is a weird news piece. Not because it's about some god awful company that actually deserves to get lynched in the street by an angry mob, it's because this is the time of year where you're suppose to have good tiding to all and what not. Share with your fellow man. So perhaps when Santa checks his list and some how he doesn't let the Krampus kick the ever living shit out of them, those fine boys and girls at Goldman Sachs will get what they want from their christmas list.. That is, all Goldman Sachs wants is some guns for when the Mob justice comes along.
Arming Goldman With Pistols Against Public: Alice SchroederSo far the scariest thing they've had to experience was michael moore yelling outside with a megaphone. It really is a shame that those fears aren't grounded to some reality. If Americans actually cared about their thievery, they'd be dead by now. Their heads would be on pikes all along wall street as a warning to the rest.
Commentary by Alice Schroeder
Dec. 1 (Bloomberg) -- “I just wrote my first reference for a gun permit,” said a friend, who told me of swearing to the good character of a Goldman Sachs Group Inc. banker who applied to the local police for a permit to buy a pistol. 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.
I called Goldman Sachs spokesman Lucas van Praag to ask whether it’s true that Goldman partners feel they need handguns to protect themselves from the angry proletariat. He didn’t call me back. The New York Police Department has told me that “as a preliminary matter” it believes some of the bankers I inquired about do have pistol permits. The NYPD also said it will be a while before it can name names.
While we wait, Goldman has wrapped itself in the flag of Warren Buffett, with whom it will jointly donate $500 million, part of an effort to burnish its image -- and gain new Goldman clients. Goldman Sachs Chief Executive Officer Lloyd Blankfein also reversed himself after having previously called Goldman’s greed “God’s work” and apologized earlier this month for having participated in things that were “clearly wrong.”
Has it really come to this? Imagine what emotions must be billowing through the halls of Goldman Sachs to provoke the firm into an apology. Talk that Goldman bankers might have armed themselves in self-defense would sound ludicrous, were it not so apt a metaphor for the way that the most successful people on Wall Street have become a target for public rage.
Common sense tells you a handgun is probably not even all that useful. Suppose an intruder sneaks past the doorman or jumps the security fence at night. By the time you pull the pistol out of your wife’s jewelry safe, find the ammunition, and load your weapon, Fifi the Pomeranian has already been taken hostage and the gun won’t do you any good. As for carrying a loaded pistol when you venture outside, dream on. Concealed gun permits are almost impossible for ordinary citizens to obtain in New York or nearby states.
In other words, a little humility and contrition are probably the better route.
Until a couple of weeks ago, that was obvious to everyone but Goldman, a firm famous for both prescience and arrogance. In a display of both, Blankfein began to raise his personal- security threat level early in the financial crisis. He keeps a summer home near the Hamptons, where unrestricted public access would put him at risk if the angry mobs rose up and marched to the East End of Long Island.
To the Barricades
He tried to buy a house elsewhere without attracting attention as the financial crisis unfolded in 2007, a move that was foiled by the New York Post. Then, Blankfein got permission from the local authorities to install a security gate at his house two months before Bear Stearns Cos. collapsed.
This is the kind of foresight that Goldman Sachs is justly famous for. Blankfein somehow anticipated the persecution complex his fellow bankers would soon suffer. Surely, though, this man who can afford to surround himself with a private army of security guards isn’t sleeping with the key to a gun safe under his pillow. The thought is just too bizarre to be true.
So maybe other senior people at Goldman Sachs have gone out and bought guns, and they know something. But what?
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.”
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. Goldman Sachs blew its cover when the firm’s revenue from trading reached a record $27 billion in the first nine months of this year, and a public that was writhing in financial agony caught on that the profits earned on taxpayer capital were going to pay employee bonuses.
This slip-up let the other bailed-out banks happily hand off public blame to Goldman, which is unpopular among its peers because it always seems to win at everyone’s expense.
Plenty of Wall Streeters worry about the big discrepancies in wealth, and think the rise of a financial industry-led plutocracy is unjust. That doesn’t mean any of them plan to move into a double-wide mobile home as a show of solidarity with the little people, though.
Cool Hand Lloyd
No, talk of Goldman and guns plays right into the way Wall- Streeters like to think of themselves. Even those who were bailed out believe they are tough, macho Clint Eastwoods of the financial frontier, protecting the fistful of dollars in one hand with the Glock in the other. The last thing they want is to be so reasonably paid that the peasants have no interest in lynching them.
And if the proles really do appear brandishing pitchforks at the doors of Park Avenue and the gates of Round Hill Road, you can be sure that the Goldman guys and their families will be holed up in their safe rooms with their firearms. If nothing else, that pistol permit might go part way toward explaining why they won’t be standing outside with the rest of the crowd, broke and humiliated, saying, “Damn, I was on the wrong side of a trade with Goldman again.”
(Alice Schroeder, author of “The Snowball: Warren Buffett and the Business of Life” and a former managing director at Morgan Stanley, is a Bloomberg News columnist. The opinions expressed are her own.)
As Thom Yorke would say it best, When I am king, they would be the first against the wallwere king. I can't say I've read all Ayn Rand, so someone who is better read with that piece of shit could tell me if the Captains of industry arm themselves in her stories, that would be really helpful. Thanks in advance.
I'm not advocating violence. Nor do I want to be on a terrorist watch list (I'm already on one, by the way) But how hard would it be to set off a truck bomb at the underground parking garage of the Godlman Sachs headquarters? Cause I don't think guns will protect you from that.
No no. I don't think anyone is actually going to ever going to do a god damn thing to them. The best hope we have is that one of these guys is overcome with guilt for what they have done and uses the gun on themselves.
I mean, who would have guessed that they would have been playing with other people's money like it was Monopoly money. If only there were this risk averse with other people's money as they were in getting these firearms to protect themselves. These must be the minor execs because anyone pulling a salary plus the bonuses over 500k usually has private security force with them at all time.
But the problem comes back to Americans. Yes us, the fine Americans that along with most of humanity, is easily wowed by wealth and status symbols, which the corporations have in spades. Just take a rich guy in a great suit driving a porsche go into a rural town and I tink more people will be completely envious than angry. Even if that same mane goes into the system and;
*manipulates agriculture futures and makes a pile of money*
*drives agriculture prices into a free fall*
*uses pile of money to buy great suit and porsche*
*drives around rural area*
*destitute farmers look with envy at the hard working smart man with the suit and porsche*
*farmer thinks one day his son will make it like that guy has*
*son ends up in art school, now teaches English in Indonesia*
*daughter gets phd and works at CDC barely paying off loans*
*farmer dies from sclerosis*
That is your America. Yes, that it is.
But really, why is Goldman Sachs even bothering with guns? It's not like they're hoarding golden dubloons. All these banks have are computer banks running high frequency trades and delaying transactions to charge fees on poor people. But hey, I would implore the people of this nation to move your freedom tray and get off your ass and be outraged. At this point we just don't care and are asking what mischief will those rascals get into next week??!?