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Bloomberg is reporting that Goldman Sachs senior bankers are packing heat while taking heat. Bloomberg columnist Alice Schroeder states:
They are concerned about social unrest. They are concerned about the fact that we’ve got a country where a quarter of the kids are on food stamps, and they [Goldman bankers] have become an emblem — a symbol — of greed.
Seems simple enough. But for the conspiracy theorists, I’d say Goldman must have loaded up on shares of Smith & Wesson (SWHC) and is now dumping them as the Goldman gun hype takes off.
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Considering Goldman caused the social unrest and walked away with the Gold, they should be living more cautiously…one person’s loss is another person’s gain and Goldman’s gain was just too large during these times!