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Forum Post: Sh*t Wall Street Traders Say (Morgan Stanley, Goldman Sachs, Enron, UBS)

Posted 1 year ago on Feb. 5, 2013, 10:27 p.m. EST by toobighasfailed (117)
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Pro Publica recently reported that traders at Morgan Stanley joked about how crappy a toxic asset was before they sold it to a foreign bank.

They named the asset such things as "Subprime Meltdown," "Hitman," "Nuclear Holocaust," "Mike Tyson's Punchout," and "s***bag." And then they sold it.

A very similar mentality can be seen with UBS traders, who were caught saying the following:

"I need you to keep it as low as possible... if you do that.... I'll pay you, you know, 50,000 dollars, 100,000 dollars... whatever you want..."

"as i said before - i dun mind helping on your fixings..."

"Anytime i can return the favour let me know..."

"JUST BE CAREFUL DUDE... i agree we shouldnt ve been talking about putting fixings for our positions on public chat..."

These are the guys who make the trades that require bailouts. Unbelievable: http://www.switchyourbank.org/things_traders_say

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