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Goldman Sachs bankers arming themselves against public rage

Dec 01, 2009

Now why would anyone be angry with Goldman Sachs executives? Quite a mystery.


Goldman Sachs Group (GS) is at the focal point of the American public's rage against Wall Street -- and probably for good reason. The firm's former chief executives have populated the highest echelons of American government, which has turned around and given Goldman -- and its partner in the current financial collapse American International Group (AIG) -- billions of dollars in taxpayer money. 

Now, as bonus season draws near, Bloomberg News reports that nervous Goldman Sachs partners are arming themselves. According to Bloomberg, some senior Goldman bankers are applying for gun permits ahead of the holidays for fear of the public's reaction once they start receiving their year-end rewards.

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Category: News Commentary
Blog Author: Dr. Stephen Jones