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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 enquired about do have pistol permits.
In 1994, State Sen. Rickey Hendon had an unregistered handgun stolen from his home in a burglary, and he didn't feign contrition about his disregard of the ordinance.
"I have a right to protect myself," he declared, noting that he had been burglarized before—and forgetting that the state legislature of which he is a member allows Illinois cities to deprive their citizens of that right. Asked if he would replace the lost piece, Hendon said, "No comment." The police were kind enough not to charge him. Source
U.S. Sen. Roland Burris, another Chicagoan, has endorsed a nationwide ban on handguns and, in 1993, organized Chicago's first Gun Turn-in Day. But the following year, while running unsuccessfully for governor, he admitted he owned a handgun—"for protection," he explained—and hadn't seen fit to turn it in along with those other firearms.
A law banning handguns, in Scott's view, was necessary to protect public safety. But when it came to protecting his private safety, he somehow perceived the law to be a hindrance, not a help.
Originally posted by Kaytagg
Come on guys, don't hate the player, hate the game..
If you don't like Goldman profiting immensely on silly currency trades and financial transactions, get involved in politics (grass roots level) to change the way investment banking works in this country. You can't stop it by complaining about it.. you have to actually use the government to your advantage for change to happen.
Or you could just join them. Nothing worse than people seeing a success and saying "Gosh, I wish they were as miserable and poor as me."
This is a capitalist society -- nobody is holding you back from doing the same thing these guys do. It's very possible to engage in the same activity, and reap the same rewards. But it takes hard work -- nobody is going to do it for you, and getting angry at people who've decided to make intelligent decisions about their career just makes you look bitter and selfish.
This country is a democracy, and the only way to make a democracy better it to have better citizens. It's our job to act responsibly, and stay ahead of the curve.
Guess what, it's hard work. You'll have to turn off the TV and put your nose cheek-deep into a book for at least an hour every day. And not harry potter -- something that actually teaches you things (anything).