Wall street assholes

Wall street assholes


I had fallen between administrative cracks in a reshuffle. By , the culture of Wall Street had changed dramatically, driven largely by deregulation and the move towards publicly owned investment banks — the kind with stock listings on the New York Stock Exchange and financial filings with the SEC. A friend, now deceased, who worked on Wall Street told me he occasionally made trades on the basis of inside information. Precisely a year later, the brokerage firm trader called Duff and wondered if he wanted to make similar trades. People go into social work because they want to help others. The J is for jerk. Duff, who worked at three hedge funds, recounts that traders at those firms routinely paid inflated commissions in return for inside information, cocaine and escorts.

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Wall street assholes. Market Update.

Wall street assholes


I had fallen between administrative cracks in a reshuffle. By , the culture of Wall Street had changed dramatically, driven largely by deregulation and the move towards publicly owned investment banks — the kind with stock listings on the New York Stock Exchange and financial filings with the SEC. A friend, now deceased, who worked on Wall Street told me he occasionally made trades on the basis of inside information. Precisely a year later, the brokerage firm trader called Duff and wondered if he wanted to make similar trades. People go into social work because they want to help others. The J is for jerk. Duff, who worked at three hedge funds, recounts that traders at those firms routinely paid inflated commissions in return for inside information, cocaine and escorts. Wall street assholes

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