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I 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
by omgJustTest 7y ago
I 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.