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I’m curious... did GS already have those masks for some reason or did they purchase and then donate them? I thought the masks were is short supply so I’m surpri
by bradly 7y ago
I’m curious... did GS already have those masks for some reason or did they purchase and then donate them? I thought the masks were is short supply so I’m surprised if a non-health care org was able to purchase 100k masks recently.
- omgJustTest 7y agoI will do some reading, but it is my thinking that they had stockpiled them, pre-crash. Will update. to be explicit, GS has no other purpose to stockpile other than they anticipated... better than hospitals. EDIT: There are a few stories saying the stockpiled pre-crash. Though some claim they had them since the swine-flu epidemic in 2009. Given the read I had on how the markets might respond, and how much information there was screaming that China's economy had stopped (for example I couldn't get circuit boards etc)... I would bet a lot of money they called this a few weeks before. [1] https://www.cbs58.com/news/donations-of-respirator-masks-and-other-medical-supplies-needed-at-american-hospitals-coming-from-unlikely-sources https://www.cbs58.com/news/donations-of-respirator-masks-and... [2] https://www.fnlondon.com/articles/goldman-gives-face-masks-to-london-employees-still-stuck-at-their-desks-20200320 https://www.fnlondon.com/articles/goldman-gives-face-masks-t... [3] https://www.wsj.com/articles/financial-institutions-share-stockpiles-of-face-masks-with-nyc-hospitals-11584479352 https://www.wsj.com/articles/financial-institutions-share-st...
- thoughtstheseus 7y agoIt seems doubtful GS anticipated this better than hospitals... more likley they had a budget that allowed them to prepare for a wider range of events.
- prawn 7y agoThere was a story yesterday about Facebook having 720,000 masks stockpiled. They'd bought them in case west coast fires were an ongoing issue.