Concerning Occupy Wall Street



The following is a letter released

today by Lloyd Blankfein



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, "Occupy this." We haven't felt so good

about something we've sold since our souls.



Sincerely,



Lloyd Blankfein



Chairman, Goldman Sachs