"Alice Schroeder, author of “The Snowball: Warren Buffett and the Business of Life” and a former managing director at Morgan Stanley, is a Bloomberg News columnist. The opinions expressed are her own." And they are wrong.

Schroeder wrote in her recent article Arming Goldman With Pistols Against Public: Alice Schroeder that a Goldman Sachs banker told a friend of hers 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. " She ran with the story despite no evidence to support it. Even if true, which seems unlikely as pointed out by Janet Tavakoli in The Huffington Post and Marla Singer in The Zero Hedge, Schroeder gets a lot of things wrong in her article.

"Common sense tells you a handgun is probably not even all that useful."