Legal Commentary

Who Was it Who Said 'Political power grows out of the barrel of a gun'?

By Professor University of Miami School of Law

Apparently, at Goldman, Sachs they're not just feeling the heat, they're packing it too:

“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.

(Alice Schroeder at Bloomberg.com)

Yes, the title is ironic.

Full post as published by Discourse.net on December 01, 2009 (boomark / email).