Goldman Sachs Pistols Controversy
On November 30, 2009, Alice Schroeder published an opinion piece on Bloomberg News stating that several Goldman Sachs bankers, in a show of prescience about potential social unrest, had obtained pistol permits. Alice Schroeder based this information on a Freedom of Information Act Letter she had received from the New York City Police Department. The column made fun of Goldman Sachs CEO Lloyd Blankfein for having installed a security gate at his house shortly before the fall of Bear Stearns and used Goldman's famous economic prescience as a metaphor for the potential perils of government intervention in free markets. In a December 9, 2009, Wall Street Journal blog post, journalist Susanne Craig reported that New York City Police Department spokesman Paul J. Browne retracted certain earlier information it had earlier given Alice Schroeder, which was part of the basis for the column. Bloomberg has since re-published the column on its website in corrected form.
Read more about this topic: Alice Schroeder
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