Diary of a Financier

A Letter From Goldman Sachs

In Idiosyncrasy on Wed 19 Oct 2011 at 16:48

A client of mine received this from a Goldman Sachs poacher today…

A Letter from Goldman Sachs

Concerning Occupy Wall Street

NEW YORK – The following is a letter released today by Lloyd Blankfein, the chairman of banking giant Goldman Sachs:

Dear Investor:

Up until now, Goldman Sachs has been silent on the subject of the protest movement known as Occupy Wall Street. That does not mean, however, that it has not been very much on our minds. As thousands have gathered in Lower Manhattan, passionately expressing their deep discontent with the status quo, we have taken note of these protests. And we have asked ourselves this question:

How can we make money off them?

The answer is the newly launched Goldman Sachs Global Rage Fund, whose investment objective is to monetize the Occupy Wall Street protests as they spread around the world. At Goldman, we recognize that the capitalist system as we know it is circling the drain – but there’s plenty of money to be made on the way down.

The Rage Fund will seek out opportunities to invest in products that are poised to benefit from the spreading protests, from police batons and barricades to stun guns and forehead bandages. Furthermore, as clashes between police and protesters turn ever more violent, we are making significant bets on companies that manufacture replacements for broken windows and overturned cars, as well as the raw materials necessary for the construction and incineration of effigies.

It would be tempting, at a time like this, to say “Let them eat cake.” But at Goldman, we are actively seeking to corner the market in cake futures. We project that through our aggressive market manipulation, the price of a piece of cake will quadruple by the end of 2011.

Please contact your Goldman representative for a full prospectus. As the world descends into a Darwinian free-for-all, the Goldman Sachs Rage Fund is a great way to tell the protesters, “Occupythis.” We haven’t felt so good about something we’ve sold since our souls.

Sincerely,

Lloyd Blankfein

Chairman, Goldman Sachs

I kid, I kid.

–Romeo

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  1. Shouldn’t that be a “Hobbesian free-for-all”? The Darwinian free-for-all (natural selection) already exists.

    • Well done.
      If I had written this myself (which I didn’t, a client actually received this from a friend), I think I’d make a few amendments: ‘Please contact your Goldman rep for an abridged prospectus.’

  2. […] A minute from Goldman Sachs re: Occupy Wall Street.  (The Buttonwood Tree) […]

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