‘We are wall Street…we are smarter and more vicious than [dinosaurs]‘

8/3/2019 ‘We are wall Street…we are smarter and more vicious than [dinosaurs]‘

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We are wall Street…we are smarter and more vicious than [dinosaurs]‘Posted by Stacy-Marie Ishmael on Apr 30 19:19.If anyone knows who wrote the following email, which has been pinging around Wall Street and across prop desks, tell ‘em get in touch with FT Alphaville. We likethe writing style “We are WallStreet. It’s our job to make money. Whether it’s a commodity, stock, bond, or some hypothetical piece of fake paper, it doesn’t matter. We would trade baseball cards

if it were profitable. I didn’t hear America complaining when the market was roaring to 14,000 and everyone’s 401k doubled every 3 years. Just like gambling, its not a problem until you lose. I’ve never heard of anyone going to Gamblers Anonymousbecause they won too much in Vegas.

Well now the market crapped out, & even though it has come back somewhat, the government and the average Joes are still looking for a scapegoat. God knows therehas to be one for everything. Well, here we are.

Go ahead and continue to take us down, but you’re only going to hurt yourselves. What’s going to happen when we can’t find jobs on the Street anymore? Guess what: We’regoing to take yours. We get up at 5am & work till 10pm or later. We’re used to no

t getting up to pee when we have a position. We don’t take an hour or more for a lunch break. We don’t demand a union. We don’t retire at 50 with a pension. We eat what we kill, and when the only thing left to eat is on your dinner plates, we’ll eat that.

For years teachers and other unionized labor have had us fooled. We were too busy working to notice. Do you really think that we are incapable of teaching 3rd graders and doing landscaping? We’re going to take your cushy jobs with tenure and4 months off a year and whine just like you that we are so-o-o-o underpaid for building the youth of America. Say goodbye to your overtime and double time and ahalf. I’ll be hitting grounders to the high school baseball team for $5k extra asummer, thank you very much.

So now that we’re going to be making $85k a year without upside, Joe Mainstreet isgoing to have his revenge, right? Wrong! Guess what: we’re going to stop buying the new 80k car, we aren’t going to leave the 35 percent tip at our business dinners anymore. No more free rides on our backs. We’re going to landscape our own backyards, wash our cars with a garden hose in our driveways. Our money was your money. You spent it. When our money dries up, so does yours.

The difference is, you lived off of it, we rejoiced in it. The Obama administration and the Democratic National Committee might get their way and knock us off the top of the pyramid, but it’s really going to hurt like hell for them when our fat a**es land directly on the middle class of America and knock them to the bottom.

We aren’t dinosaurs. We are smarter and more vicious than that, and we are going to survive. The question is, now that Obama & his administration are making Joe Mainstreet our food supply…will he? and will they?”Related links:Andrew Lahde bows out in style – FT Alphaville

This entry was posted by Stacy-Marie Ishmael on Friday, April 30th, 2010 at19:19 and is filed under Capital markets. Tagged with wall street.

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CommentsSorted by newest first Sort by oldest firstReportmdash May 7 2:01am Permalink Oh, please. Nobody

s "taking down" Wall S



treet. Taking away your multimillion dollar bonuses for doing absolutely nothingof any use to society, maybe, reinstating some jettisoned safeguards to preventfurther meltdowns, yes; but it

s not like Wall Street is going to be shut down.Good thing, too - people like this couldn

t hack mainstream American "cushy" jobs, where large monetary bonuses simply aren

t in the picture. Stop worrying; there

ll always be a place for money-motivated adrenaline junkies.ReportQuantum May 6 7:12pm Permalink

5am to 10pm...dunno which imaginary trading desk this has been written about...once mkt shuts I dump on my ops guys and am off to the gym!!Reporthunter51$ May 6 4:53pm Permalink"What

s troubling you is the nature of my game",-----from Sympathy for the Devil. by The Rolling Stones Traders are opportunists. Unfortunately, for the prey, of course, and the rest of the other living systems, there may be unintended or intended destructive consequences. Traders employ the mammalian and the reptiliancomponents of human beings for selfish advantage. Thinking about evolutionary survival advantage, one observes that birds, supposedly closest to dinosours in an evolutionary sense, will call out as soon as daylight breaks, BEFORE THEIR BODIES ARE ABLE TO MOVE SUFFICIENTLY TO FIGHT OR ESCAPE, because they lack internaltemperature regulation. Thus, the mammal predator, having no such inhibition, w

ill eventually take out the prey. The problem of focusing on the prey is that other data and consequences are excluded. Bank trading departments and hedge fundsknow where the weakness is. After all, banks will use debt for profitable advantage and governments are, how should I say it, slow movers.ReportRoy Manns May 6 3:00pm PermalinkWells said the anonymous person without B***s "We aren’t dinosaurs. We are smarterand more vicious than that, and we are going to survive. The question is, now that Obama & his administration are making Joe Mains treet our food supply…will he?and will they?”

FYI some of us are old enough to know that we were doing just fine before you young " It

s all about me" with a KIA brain came along, we had a great Middle class without 401K, they were put in place to keep the workers quite so many of you

get justify your 7 & 8 figures bonuses betting on other peoples money.Reportcuguy May 6 5:08am PermalinkThe problem with this email is the assumption that bankers can replace others

jobs, but others cannot replace them. The issue is not the money bankers make, its that their success has more to do with career choice than intelligence. When entering a particular career, a person is enormously benefited (relative to all humans in all professions) by not having to compete against those who ultimatelychoose a career other than yours. I agree with email, bankers would succeed in other jobs - they are smart, sure, but relative to some smart engineer/professor/other college educated person that just chose a different career path? Bankers don

t appreciate that they too are replaceable. Yea, a banker might take some teacher

s job, but she

ll learn some excel and start pulling huge bonuses, buying a80K BMW from an old banking buddy.

The financial crisis was a crisis because bankers aren

t that brilliant or special - they

re probably like most of the population, flawed, and in the right circumstances, willing to watch things collapse under their watch, but in this case,bankers happened to be employed within an integral sector of our economy. The problem is not that they made money, they choose a career that pays very well, and others could have chose it. The problem is that they made money on the thingsthat almost brought the system down, yet are not humbled by the fact that the crisis exposed them for what they are - just like everyone else. Banks control themoney in the system and must succeed for the economy to succeed. Understandablethen that laws and regulations in place seem to appreciate that the banking industry must be given some freedom to operate and flourish. Bankers are just a ben

eficiary of this necessary (though somewhat unfair) reality. Despite this, the banking industry has this attitude that they are just smarter than everyone else,like a super class of humans - and maintaining the attitude before, during and



after the crisis they caused. One would think bankers would keep quiet and talkamongst their banker friends about how lucky they got to choose a career that required only a reasonable amount of intelligence but resulted in a sweet paycheckand a US Treasury backstop. How much of that was because of talent, and how much of that was because they chose banking? No, bankers don

t have to apologize for their career, but they could show some respect to equally capable people thatchose different ones.

ReportPdxguy May 6 4:43am Permalink@GS fan:

Just for the record, it

s spelled "illiterate". Ordinarily, I think it is cheapto point out spelling errors, because we often write quickly when posting to forums. However, if you are going to impugn someone else

s literacy, it behooves you to spell "illiterate" correctly.

How are Wall Street banks as currently constituted the backbone of anyone

s livelihood. As I said in my earlier post, investment banking is a legitimate function, but there is no evidence that having a financial sector as bloated and out ofcontrol as that of the US is currently is beneficial for the economy as a whole

.

Although I currently work in government, most of my career has been in the private sector, and I have nothing against corporations that produce goods and provide services that consumers find useful. In addition, a well-regulated and reasonably-sized financial sector is important in providing the capital needed by thosebusinesses.

What we don

t need are a bunch of people creating derivatives and other kooky financial instruments that serve no discernible purpose, and Western capitalism has gotten along fine without until the last 10 years or so.

By the way, Wall Street has had the unfettered ability to do just about whatever

it wanted to in the last 20 years or so. According to you Randian types, that should have ushered in an earthly paradise, and what happened? The economy was destroyed, which we Joe Mainstreets will be paying for for the rest of our lives....while the poor, oppressed Wall Streeters got bailed out with our tax dollars.

There really aren

t any curse words vile enough to express what I think of you and people who think the way you do.

By the way, I was an economics major in college, who wrote papers arguing in favor of abolishing the Glass-Steagall act. I at least had intelligence to grow outof my youthful folly - would that more people did.ReportPdxguy May 6 4:29am PermalinkThis is one of the stupidest things I

ve ever read in my forty-odd years on theplanet. How many people work on Wall Street altogether--20,000 or 30,000? I haveno idea, but even if it

s significantly more than that, the number would pale in comparison to the total number of people employed in the US. Is some Wall Street schmuck going to come out to Portland, Oregon and take over my somewhat dullmiddle-class type job? I

m quaking in my boots. I

m not sure how it

s going to hurt me if Wall Street people stop buying fancy cars or dropping big tips in Manhattan restaurants.

Also, the US economy functioned quite well for years with a much smaller financesector. I have little to no respect for those who make big money by creating abstract financial instruments that do nothing but put money in their own pockets.While investment banking is a legitimate economic function, I think we

d all be

much better off if about 80% of the people on Wall Street had to leave and go do work that actually produced some kind of tangible benefit. We need more engineers, scientists, doctors, nurses and teachers and fewer professional gamblers.



Oh, and I have news for the writer of this trivial piece of trash - the abilityto hold your urine is not considered a job skill in most professions (although Ihave gained even more appreciation for teachers by reading some of the other comments).

Finally, I

m actually having trouble finding people willing to take care of my l

awn, so if the writer of the article needs work, I

ll be happy to pay him $15 anhour to mow my lawn and pull weeds.

The elites in this country better wake up and smell the coffee - there are a lotmore of us Joe Mainstreets out there than self-important Wall Street types andwe are getting fed up with a small cabal of greedy pigs sucking up more and moreof the resources for themselves while the rest of us have to worry about whether we

ll be able to retire, send our kids to college or be able to afford even basic health care.

I would love to see our own version of the Chinese cultural revolution, in whichall Wall Streeters would be rounded up and forced to work in the fields....then

maybe they

d learn what hard work really is. I

ll bet the person who wrote thisarticle wouldn

t last a day if he had to do that kind of work that migrant farmworkers do.

Excuse me, I need to clean the vomit off of my computer before it dries.ReportPhilip May 6 1:51am PermalinkRight Stacy-Marie, a very good writing style. However, pointing in a very wrongdirection. I bet it

s a professionally crafted red herring. Explains your intriguing long source search. Do you agree that the real Wall Street-Washington showis here: from which pot does a bailed out banker --e.g. from AIG (And It

s Gone)-- loves to pay its lobbyists? Indeed, from the no strings attached TARP (To Avoid Regulating Politicians) pot!Reporteswarjj May 5 10:23pm Permalink

too many contradictions. you wake up at 5 and work till 22. then you are also going to make your food, mow your lawn, wash your cars; yeah right. plus, no one is asking them to not play their stupid game. just don

t make it linked to bloodyjobs that have no relation to this. you keep playing it inside the

casino

like in Vegas. no one on the street just outside the casino is losing his livelihood because of your losing money in there. you don

t take the economy and invest it. it belongs to everyone. you gamble with your money. when you invest in stocksand the market crashes, you are the only one that should burn. not me. i am coming after you for taking my money to the

casino

ReportMandra May 5 8:20pm PermalinkNice one. Like it.ReportJack Staub May 5 7:50pm PermalinkDude, if you are half as smart and hard working as you claim, then why have youbeen wasting your time on Wall Street? You can make a lot more money by startingand building a business, and in the process you will create employment for hundereds or even thousands. So stop wining and get going, we need the jobs!ReportSixgun May 5 3:54pm PermalinkThis was the original article that was posted on Sept 27th on www.thedopeycowboy.com and www.fillemandbillem.com.ReportSixgun May 5 3:48pm PermalinkIt

s in your inboxReportStacy-Marie Ishmael May 5 3:42pm PermalinkSixgun - can you email me the original or send a link to it? I

m on [email protected] May 5 3:25pm Permalink

I wrote this original articel on Sept 27th....at least the original version, ithas been changed. Here is the follow up. http://fillemandbi...states-of-america/ReportGS fan May 5 12:35pm Permalink



Whoever wrote this, thank you for finally saying it like it is! i dont think JoeMainstreets realise that banks pay one of the biggest portion of tax that government collects.. the very tax that pays for teachers and all other government workers! Joes, where do u think your salary comes from? a little green lepricon??a magic lamp??? or it just grows on trees!! you keep complaining about banks making too much money, but if you use your gray matter for one second and learn economic fundamentals, you

ll realise that banks and other large corporations are t

he backbone of your livelihood! ... And whoever said John Galt is a psycho (2ndcomment from bottom) you are clearly as illetirete as my dog, and should not bethinking about Ayn Rand, let alone quoting her!ReportRohit Fernandes May 5 11:39am PermalinkBrilliant...Reportdrocto May 5 2:03am PermalinkOK, let

s make this a game of Liar

s Poker.

I call this guy

s bluff.Reportkiadragon May 4 10:06pm PermalinkCome take my cushy job! When I am employed, I work seven day weeks. I work 70+ hours per week. Most of the time I am on my feet. I get a thirty minute lunch. No

company bennies. No Union. No Pension. What used to be double time is now timeand a half. What used to be time and a half is now straight time. Sometimes its75 hours a week at straight time only (gotta love

contract labor

)

I have a Bachelors in Electronics Engineering and work for the

cushy

automotive industry. Frak you, you whiny over privileged egomaniac. You wouldnt last a week in my job. Your manicure wouldnt make it a day.

You seem to assume that all the other

cushy

jobs don

t require the dedication,effort or education that yours does. I would pay money to watch to you try andfail at Real Life outside of Wall Street. You should try it...it would be a reality TV hit that guys like me would watch while laughing our asses off at your rude introduction to the

cushy

jobs we all hold.

I make 85K a year on a GOOD year. Last year I made 30K.

Asshat.Reportglentzakis May 4 10:05am PermalinkAnd dinosaurs were not stupid. The were just "Too Big to Fail" but they did.Reportglentzakis May 4 10:00am PermalinkDear “poster”,

You would be more sceptical if he/she would be your kid’s educator/teacher. You know we don’t stay young, single and without responsibilities in all of our lives. Some of us at least, unless you are Peter Pan or a forgotten kid in Never Never Land. Most of us grow-up and growing up you realise that “Greed, for lack of a better word, is good. Greed is right, Greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms; Greed for life, for money, for love, knowledge has marked the upward surge of mankind.” But Gordon Gekko was a fictional character and he even got jailed in the movie. Even Milken (the "Junk Bond King" of the 1980s who was partly used as a model for the character), was indicted on 98 counts of racketeering and fraud in 1989.

So be careful what your raw models are.Reportroman_pearce May 4 7:02am Permalink"What’s going to happen when we can’t find jobs on the Street anymore? Guess what: We’re going to take yours. We get up at 5am & work till 10pm or later. We’re used to

not getting up to pee when we have a position. We don’t take an hour or more for alunch break. We don’t demand a union. We don’t retire at 50 with a pension."



Sounds like the perfect Wal-Mart employee. Now we know where they got the idea from. Please Wall St, if there is a god, come take these jobs. You deserve the 16k per year far more than anyone else does. None of those lazy Americans with "families" and other priorities can compete with you. Please grab a mop and show ushow it

s done.Reportejs May 4 5:04am PermalinkThis guy does realize that very few gardener

s jobs pay 30 million dollars a yea

r for doing absolutely nothing productive, doesn

t he? I had no idea that they had it so tough, though. Imagine, having to "hold it in" while waiting for a telephone call. The horror, the horror! All I have to say to this arrogant, overly-privileged juvenile is, "Bring it on."Reportjgadms May 4 4:25am PermalinkMy friend, if you think that you are going to come off Wall Street and take anyone

s job you are severely misguided. Let me tell you a bit about how social structures work, how they protect their own, and how they close ranks when they arethreatened. How they would rather see a thieving, conniving sociopath like yourself starve in the wilderness before giving him a scrap of food. And how they canspot him a mile away.

So if you do want that food on someone else

s plate, you are going to have to figure out a way to take it. Because no-one is going to be offering you a seat atthe table.ReportGuernroy May 3 11:35pm PermalinkI note that Stacy-Marie limits here endorsement to the author

s

writing style

.

Is it just me, or does this sound like someone who really wishes he

d been a 3rdgrade teacher? It

s not too late my friend. You could still be playing baseballin those long summer holidays. You would have to promise not to eat the kids though.Reportangry kremlinist May 3 7:25pm Permalinkso you fight just like the ordinary people

folk from third world should know

sounds ridiculous if you ask meReportDr. Hu May 3 4:28pm PermalinkCan this be one of the men the heroes of Michael Lewis

s "The Big Short" referred to as "the dumb money at the table?" The unvarnished hubris may appeal to theFT editors, but the implicit immorality and the delusion that they

re efficiently allocating capital for the greatest social good should offend anyone who actually understands what these men have done to the global economy. It may take them14 hour days to create bubbles and toxic derivatives, but I

d rather they applywhatever actual talent they have to funding entrepreneurs who create jobs and tagible objects--and, of course, I strongly approve of his threat to downsize hisown consumer footprint. Please cook your own food, and wash that $20,000 Kia with a garden hose.ReportDavros May 3 3:55pm PermalinkOdious twerp.Reporttim_millar3 May 3 3:49pm Permalink"No more free rides on our backs."

No more free rides on our backs! Can you believe this? Amazing.Reporttim_millar3 May 3 3:47pm PermalinkMan, you really are just laying your sympathies right there for all to see, huh?Reporthonza1974cz May 3 3:38pm PermalinkWe are Wall Street. Aaaaaaand I am Jan from Czech Republic and have you in my PRDEL. You see, you don´t even know what it means. If you BIG GUYS from NYC and Wall

Street think you are the Sun of rest of people´s lives you are very wrong ! If Ihad to barter for the rest of my life believe me I would be happiest person on Earth! You don´t create anything, even baker or butcher is more useful than bunch o



f mad guys running on floor and trying to guess what next thing goes up or down.YOU DO NOT CREATE NOTHING. Anybody is more than you and you can sink in your enormouse arogancy! If you know what real enjoyment of life is come to European countryside where REAL FOOD, NATURE AND NO MONEY HUNT MATTERS!! Love to freedom, love to life without money and stress. To hell with all Bankers and Wall Street Arogant pussies!Reportcoffin dodger May 3 3:08pm Permalink

the individual that wrote this piece should take a gander at this:

http://snipurl.com/vynpxReportUser250434 May 3 2:28pm Permalinkold "Dopey Cowboy" postReportA Wall Streeter May 3 12:20pm PermalinkDear Email Writer,

You are confusing a bull market for brains.Reportmojomogoz May 3 11:14am Permalinkso many bad bankers nowadays ;-) Probably right though but, whoever did it, it probably captures the mood of many...and the frisson is fun. Gives people plenty

of chance to vent against people who deserve a bit of stickReportblackshadow May 3 10:47am PermalinkI

m willing to bet whoever wrote this wasn

t a banker- and if he is, he

s a badone. In an industry where discretion is key- you

d have to be dumb dumb dumb tospout nonsense like thatReportYear11 May 3 8:55am PermalinkCum on if you fink yor hard enuf.

Seriously though - start a business, employ some people, do the right thing.Reporthedgehog May 3 8:27am Permalink@ellington1971

very insightful

ReportAustrian Banker May 3 7:36am PermalinkIt must be upsetting for quite a few "wall streeters" to find that life is so hard going when money isn

t being given away. The truth is very few actually liveup to Gekko standards, so when it gets tough, they are all out of a job and it must hurt to ego to realise you are not much better (probably worse) than the general public you despise.ReportFíréan May 2 10:06pm PermalinkI was expecting some elegant prose when i read the "we like You writing style" comment. Unfortunately the note reads, imho, as if written by a whining immaturewho got a bloodied nose. And yet .....after reading further ( elsewhere) i began to believe that not all are so smartafter all, having been taken for a ride by their own employers too . Being obligated to invest some of their earnings/bonus in now devalued company funds, and heavily over leveraged, the Wall Street company gave loans to it

s employers to bail them out when unable to cover their margin calls. Many were tempted by the lure of even greater luxury lifestyles ( more is never enough) and took on financial obligations greater than their incomes. It

s bitter pill to swallow, especially for those who think that they are so much smarter than the rest of us.Reportzogomojom May 2 11:57am Permalink@FT Alpha Mods - If there

s anyway of preventing Taxloss from responding to Mojo

s post please implement it now...Reportmojomogoz May 2 11:52am Permalinkdidn

t know Godwin

s Law...very funny, so true. Obviously we know that we have reached a new age of enlightenment when it is no longer apt. But first we must traverse the age of cant. Ultimately the market and the economy is currently run b

y the canters...but the market and economy is greater than the powerful currentsect. Rise up! Destroy the cantReportcoffin dodger May 2 11:09am Permalink



It all comes down to Godwins Law. Even the Greeks used it a few weeks ago.Reportmark.chipo May 2 8:32am Permalinktrue say bamba clot, absolutly agreeReportsir incompetent mcbonus May 2 6:50am PermalinkIt is as incorrect as it is self serving....on civvy st. he will be Arthur Daleyrather than a school teacher.ReportKathy Kadane May 2 3:17am Permalink

I remember Hitler had a negative view of the American Main Street too. He was just this nasty. His complaint was that we were

mongrels

-- a weird DNA-mix thatdidn

t rise to the heights of the pure (what was it? Caucasian? WTF are they Germany, anyway?) And anybody with

pure blood

would beat USA out. Uh-hunh.

Wall Street -- you

re a mongrel mix too -- but you

re claiming some special privilege that sounds really weird out here. (It is amusing watching you go down. Glug glug.)

Hey! MIT grads! Go back to curing cancer! and meanwhile: any chance in your engineering group of figuring out how to rocket all of Wall Street to Mars?Reportellington1971 May 2 2:50am Permalink

http://jerseyjazzm...grade-teacher.html

May I respond? Thanks:

First off, allow me to be the first to welcome you to the teaching profession! We always need bright, committed people to join us in educating the youth of America. I can see from your little speech here that you

re used to hard work and you have a strong bladder: that

s good, because you

re not allowed to leave the kids by themselves for even one second, no matter how badly you

ve gotta go. In fact, you can

t even pick up the phone if your broker calls with a hot tip or leave early when the new models roll off the truck at the BMW dealership.

I take it you

ve done everything you needed to do to get your license. No? Uh, l

isten, passing the Series 7 doesn

t count - you

re in a whole new world here, myfriend. You can

t even get in the door of a school without a teaching degree: I

d suggest math, science, or special ed, because you

re not going to find a lotof work these days in Jersey in most other teaching areas (I assume you

re a B&T-er - you

re parroting Chris Christie

s rhetoric perfectly).

Of course, you could get into Teach for America or take the alternate route to certification. Understand this means you

ll almost certainly land in an Abbott district - basically, one that has a lot of poor kids. But, hey, you

ve stared down market makers - you can take on a class of 35 poor, jaded, disinterested 16-year-olds and teach them algebra, no problem! Or maybe you can get that Kindergarten class of 28 5-year-olds who

ve never set foot in a school, whose parents arenearly impossible to reach, and who don

t speak English at home.

Now, those summers off are going to have to wait, because you

ve got to get yourcoursework done so you can trade in your provisional license for a full one. And you

re not going to get higher up in the pay scales without at least a master

s degree - no, an MBA isn

t going to cut it, sorry. Plus, you

re going to have to work during the summer, unless you want to live on a salary in the $40

s.

Oh, no one told you? Sorry - that $85K you

re talking about is going to take youat least 20 years to work up to - and, again, you

re going to need a masters inteaching (at least - most districts

highest pay level is MA+45, which mean 45additional credit hours; sometimes it

s even MA+60).

And the tenure? That

s only in the district where you teach - when you move to another district, you lose it. So, if your plan was to start at a lower-paying district, get some experience, and then try to move up (which many teachers do), y



ou

ll have to go through the three-year tenure cycle again.

You

d better build up your portfolio and get some good reviews. A word of advice: this "eating off of others plates" stuff doesn

t really fly with administrators. Teachers are collaborators; if they can

t work together, they can

t do the job. Besides, you aren

t really judged by your work anyway - you

re judged by thework of your students. Better hope you get a good group your first year...

I

m afraid I

ve also got to tell you that the baseball coaching thing is probably going to have to go on hold for a while. See, extracurriculars like that are usually reserved for people who actually have built up some cred. Maybe you can be an assistant to start - probably unpaid. Hang around, work your way up - someday, you could be the varsity coach! Then you can deal with the booster club, andordering supplies, and insurance, and scheduling, and academic probation, and budgeting, and rule violations, and college recruiters, and...

Oh, yeah, overtime and time-and-a-half: it doesn

t exist in teaching. You get paid the same now matter how long it takes to grade those 100 papers about The Tempest. But you

re used to those long hours, so no problem. Enjoy your weekend wit

h the passive voice.

Finally, let

s talk retirement. Sorry, you can

t retire until 62 if you want your pension. Assuming you

re 35 right now, you

ll get about half your salary - ifthe system is solvent. You

d better hope it is; you

re going to be putting a mandatory 5.5% of every paycheck into the system. You

re only getting this, by theway, because of union negotiations. Plan on a comfortable but modest retirement- certainly nothing like you saw on the Street.

Again, welcome to teaching. You

re going to find some true satisfaction in the job; maybe not as "satisfying" as short selling and then driving a stock down, but satisfying nonetheless.Reportmargrit.ritzmann May 1 7:53pm Permalink

It doesn

t really matter who wrote this: it is a typical ranting of a deluded member of the global banking elite who fit the profile of

pathological narcissistic personality disorder

.ReportUser3416872 May 1 7:47pm PermalinkIt will be interesting to see if the kids learn better when the teacher doesn

ttake a pee.Report/B May 1 7:13pm PermalinkI

d imagine this is a spoof. But even so, citing trickle-down as a valid means of wealth redistribution? I think this gives a clear view of the level of economic competence that went into this missive. So perhaps it is real! ;-)

Btw most of the front office lot I interact with get in quite early and leave really early. We can never get any front office after 5pm.Reportalexandergreenb May 1 6:55pm Permalink"I didn’t hear America complaining when the market was roaring to 14,000 and everyone’s 401k doubled every 3 years." I was complaining. I knew a lot of people who were complaining. Anybody who could see what was in the cards was complaining. Stop being so arrogant and stupid.Reportmasfontaines May 1 5:06pm PermalinkPlease please please I beg of you (Wall-streeters and forlorn wannabes)...why ohwhy do you think that serving callow youngsters with their knickers in an uber-twist of MONEY -- MY car MY house MY money MY MY MY could interest anyone but...you?

You can always find some poor sod who will genuflect and clean your car, house;

lawn; kids. Poverty does that to people.

But find someone to respect you? I don

t think so.



Hope those dollars make you feel good because it looks like that

s all you have....Reportmmissive May 1 4:31pm PermalinkWhat a fabulous temper tantrum. I make six figures in a

cushy

job in the USA -- and I cannot fathom the condition of the psyche necessary to write this, unless it

s just a work of fiction -- which seems likely.

Non-unionized 3rd grade teachers typically make under $45,000/year. Let

s not even talk about how little landscaping pays. No one will give tenure without yearsof prior experience. Nobody I know gets 4 months off per year; try 2 weeks, ifyou

re lucky. Teachers do get more, but continuing education and conferences tends to eat into it. The waitresses I know say the rich and powerful wannabes arethe bozos who always

forget

to tip, so I don

t believe they

re relying on thelargesse of wall street hustlers for income.

But don

t let me stop you from going Galt. It sounds like it

ll be a boon for the garden hose industry.ReportThe Bullet May 1 4:07pm Permalink

Coffin Dodger, hilarious article. So wonderfully deluded. Yeah some banks get some stress and general market valuations come down due to removal of speculativepremium and margin pressure as the world adjusts to a new capital markets model.That has to happen some day anyway. The apocalypse is what waits if we keep onpretending that these banks add value for us

All the Wall Streeters that agree with this sort of donkey are just work addled,deeply insecure muppets who think that the world ends beyond the office door. Remember, the world sort of works despite you guys raking off too much from the top from your generally unproductive exercise. Ultimately, your cream can be traced back to capital providers getting too little for the capital they risk...andthis goes back through all the noise and complexity to somewhere someone or firmcreating goods of value to create the extra bit of value some of which ends up

being toyed with in banks. Remember, all trading or market making profits are out of productive societies pocket...of course with a nice bit oomph with leveragethrown in. This stuff is no different from the banking crises of old such as 1907 or many in C19th. There is always a banking ponzi created as a result of boomin unregulated capital markets (which is by and large what we have). The worldgets over these reasonably quickly

High end finance is such a small part of the economy. Yeah it may have helped funnel some foreign capital into the US....but that goes one day anyway for reasons that are far bigger than all the Wall St chimps punting

The only thing to fear is fear itself! Get on with reforming the system. No realneed to hang people along the way (but the world probably wants a few tokens...so kind of GS to volunteer). It probably means we will get round to valuing america

s great businesses a whole lot more and creating more of them

I am tired of the hubris of these whinging Wall Streeters. Most on Wall St (Cityetc) will just adapt and get on with things and make a really good living giventheir talents...but this hysterical minority are so maladjusted they will obviously struggle...you are right to fear that we don

t love or value you. Ahhhh, didums...I will try my best to empathise with you all when once you are of the anger phase and really showing how sorry you are for yourselves and how much you hate your self

xxx

Reportm43cap May 1 3:35pm PermalinkExcellet! Needed to be written.ReportVibha Pingle May 1 1:58pm Permalink



We

ve got monsters among us. Can we send them to Afghanistan? Or maybe that is too dangerous.ReportSkwosh May 1 12:41pm Permalink@coffin dodger

Great piece. Things are starting to get interesting. I left off the last paragraph off my re-write last night- dooh:

"We aren

t dinosaurs. We are smarter and less vicious than that (investment banker vs. velociraptor- a lot of people would pay to watch that). The question is,even if Obama and his administration cut our free and easy access to Joe Mainstreet’s money, will that be enough for him to survive... because it will probably bethe end of all of us."Reportcoffin dodger May 1 12:16pm Permalinkeven closer to the truth still -

http://nypress.com...-fraudonomics.htmlReportWillem de Leeuw May 1 9:51am Permalink

We get up at 5am & work till 10pm or later.

Work smarter, not harder.

From one of the same people who thought that lending to NINJAs and negative amortisation mortgages are good ideas?ReportRich May 1 9:45am PermalinkSee, that

s a great image of a Wall Streeter. Convinced the rest of the universeare just lolling around hoping the Street will keep the economy alive. As if their powers for profit are entirely inherent and nothing to do with their lucky proximity to the savings of all other people on earth.

At least from now on, more ex-bankers will be doing something productive with all that energy. Like teaching kids baseball 16 hours a day, or something.

Reportwilliambanzai7 May 1 8:35am PermalinkAN EMAIL FROM WALL STREET, APRIL 30, 2010(WilliamBanzai7)

"We are Wall Street. It

s our job to steal and swindle other people

s money. Whether it

s a commodity, stock, bond, or some hypothetical piece of imported synthetic CDO toilet tissue, it doesn

t matter. We would trade baseball cards for ourown mothers-in-law if it were profitable, but our trophy silicone implantee spouses won

t allow it.

We didn

t hear all you stupid dumbass American commoners complaining when the market was roaring to 14,000 and everyone

s 401k doubled every 3 years providing ample target opportunities for bloated Wall Street asset management fees. Just like gambling, its not a problem for us because its "heads we win, tails you lose." I

ve never heard of anyone going to jail because they scammed Uncle Sam out ofBillions of Dollars.

[WB7: But you soon will]

Well now the market crapped out, & even though it has come back somewhat on ouralgo churning Fed financed prop trading books, the government and the average Joes are still looking for accountability. God knows why there should be for anything we on Wall Street have done. Well, here we are.

Go ahead and continue to take us down, but you

re only going to hurt yourselves.

What

s going to happen when we can

t find jobs on the Street anymore? You

re going to have to finance our food stamps and unemployment benefits in perpetuity because we don

t know how to do anything but play computer assisted video games o



n trading screens and write "Fab"ulous power point swindles targeting strudel brained German bankers.

Guess what else: We

re going to take your burger flipping and gas pumping jobs.We get up at 5am & work till 10pm or later because we can

t stand being with ourown spouses. We

re used to not getting up to pee because we learned how to drink our own at Ivy League frathouse parties. We don

t take an hour or more for a l

unch break (at least that

s what the Wall Street madam is paid to say). We don

tdemand a union because we own Congress and don

t need one. We don

t retire at 50 with a pension; we absaquatulate with our miniature robber barron stashes at the age of 40. We eat what we kill and we kill everything we meet and when the only thing left to eat is AIG

s putrid Maiden Lane portfolio, we

ll eat that too.

For years teachers and other unionized labor have had us fooled. We were too busy working to notice. Do you really think that we are incapable of teaching 3rd graders and doing landscaping?

[WB7 (a) please teach your own Third Grade brats, (b) do they teach landscaping101 at Sing Sing?]

We

re going to take your cushy jobs with tenure and 4 months off a year and whine just like you that we are so-o-o-o underpaid for building the youth of America.

[WB7: Sounds like this dude definitely got rear ended by someone in third grade]

Say goodbye to your overtime and double time and a half. I

ll be hitting grounders to the high school baseball team for $5k extra a summer, thank you very much.

[WB7: With a corked bat we

re sure]

So now that we

re going to be making $85k a year without upside, Joe Mainstreet

is going to have his revenge, right? Wrong! Guess what: we

re going to stop buying the new 80k car, we aren

t going to leave the 35 percent tip at our businessdinners anymore. No more free rides on our backs. We

re going to landscape our own back yards, wash our cars with a garden hose in our driveways. Our money wasyour money. You spent it. When our money dries up, so does yours.

[WB7: Please send this message to Michael Bloomberg ASAP]

The difference is, you lived off of it, we rejoiced in it. The Obama administration and the Democratic National Committee might get their way and knock us off the top of the pyramid, but it

s really going to hurt like hell for them when ourfat a**es land directly on the middle class of America and knock them to the bottom.

[WB7: Got news for you **** head, the people in the street are going to rip yourpencil necked geek head off and after ******** down your neck, they

ll be ordering Banksta Miniature Rocky Mountain Oysters for lunch.

We aren

t dinosaurs. We are smarter and more vicious than that, and we are goingto survive. The question is, now that Obama & his administration are making JoeMainstreet our food supply…will he? and will they?"

[WB7: See you in the next world baby...and don

t be late!]Reportdhm May 1 6:27am PermalinkWe eat what we kill,...

Jeez,, I didn

t realize trading desks were soooo dangerous. They must use a lotoff fly spray.



Reportmojomogoz May 1 3:19am PermalinkAs an ex secondary school teacher (in ordinary school - some good uns, some bad)i would like to point out that i worked long hours and it could be quite stressful and tricky with some very hard situations to negotiate . As it turns out when i turned to a job in the city it was brilliant education for being able to outbull and bluff slow witted city types lacking balls and the ability to go commando in tricky

non-trained

situations.

The City /Wall St are great places with some true greats....but all the bleatingcomes from hollow egosReportSkwosh May 1 1:21am Permalink[This is maybe a bit British in places- but I can

t help it- dam it]

We are Wall Street. It’s our job to skim money off the rest of you. Whether you’re adoctor, docker, taxi-driver, squaddie, chiropodists, plumber, jockey, shelf-stacker, widow or orphan, it doesn’t matter to us. We’d happily rip off the mafia if itwasn’t physically dangerous. I didn’t hear America complaining before we’d f***ed everything up so badly you all finally managed to work out what it is we actually do. Just like gambling, it’s not a problem until you run out of money and have to g

o crying to your Uncle Ben to make it all better. I’ve never heard of anyone having to go to Gamblers Anonymous who’s been bailed out over and over again every timethey went bust.

Well now the market crapped out, even though it has come back somewhat because the government printed sh*t loads of money and rigged the system so even a retarded spaniel with poor keyboard skills could make money, but the government and the average Joes *still* haven’t forgotten who was responsible. God knows, sometimesa particular small group of people really *are* the cause for a bad thing happening, and, well, here we are.

Go ahead and continue to take us down, but you’re only going to make yourselves feel better. What’s going to happen when we can’t find jobs on the Street anymore? Gue

ss what: We’re going to discover, just like everyone else, that people tend to gravitate towards jobs they have an aptitude for, and in our case there’s probably going to be less demand for abstruse parasitic deal making and tricking people outof their money by lying to them. We get up at 5am & work till 10pm or later. We’re used to not getting up to pee when we have a position. We don’t take an hour ormore for a lunch break. We don’t demand a union. We don’t retire at 50 with a pension. You too would do all of these things if you could make as much money as we dosimply by being comfortable with morally bankruptcy. We eat what we kill- well,actually, we don’t really *kill* anything as such, but, you know, we like to think of ourselves as pure savage warrior types (like the kind they have in films and TV shows) though I guess if we were really like that we’d all be in the army orsomething, which we’re not because that also can actually be physically dangerous.When the only thing left to eat is on your dinner plates we’d try to eat that too, though if you then threatened us with physical violence, as you probably would, we’d most likely back away and try to find a bin somewhere outside a restaurantor something.

For years teachers and other unionized labour have had us fooled, in a rather similar way to the way we

ve had you fooled. We were too busy thinking about moneyto notice. Do you really think that we aren’t capable of doing comparatively medium skilled jobs just like the rest of you ordinary average Joes, rather than highly skilled high status and genuinely valued productive jobs that command fairlyhigh salaries and take years of training and experience that will be totally inaccessible to us because we have squandered what ever talent and intellectual capacity we may have had on a career in useless financial w*nk? We’re going to compe

te for your crushingly normal modestly paid jobs and whine just like you that weare so-o-o-o underpaid for doing something like teaching maths to a bunch of kids all day (because, frankly, teaching maths in the rather un-cut-throat educati



onal sector is the first thing that comes into our minds when we try to think about what sort of jobs we might actually be able to survive at in the real worldthat don’t involve having to say ‘have a nice day’ all the time). Say goodbye to yourovertime and double time and a half if you happen to work in a profession that allow us to continue to keep our pathetically underdeveloped egos inflated by creating situations in which we can ‘win’ all the time, such as... school sports coaching.

So now we’re going to be making ordinary money, Joe Mainstreet is going to have his revenge, right? Right! Guess what: we’re not going to be able to afford that new80k car, we aren’t going to be able to afford our outrageously expensive businessdinners anymore. No more using your money to pay you to keep the oh-so-crucial-to-the-economy luxury goods and entertainment sector afloat. We’re going to landscape our own back yards (assuming they’re big enough to require landscaping) and we’re going to wash our car (maybe cars is stretching it a bit) with a garden hose in our driveways. Your money was our money. We spent it. When your money dries up, we won’t be able to afford expensive stuff any more.

The difference is, you worked productively for it, we didn’t. The Obama administra

tion and the Democratic National Committee might get their way and knock us offthe top of the pyramid, but it’s really going to hurt like hell for us when our fat a**es land up directly in the middle of the impoverished middle class of America and we find ourselves and our standard of living sinking to the bottom alongwith everyone else.Reportpegnu May 1 1:11am Permalinkhahahhahah

utterly pathetic drivel from a class of people who know the party is over but can

t quite admit it yet.Reportkdmpf May 1 12:21am PermalinkWell, how does $10/hour, no benefits, no regular hours grab you, A********?Reportnedbest1657 April 30 11:46pm Permalink

"we’re going to stop buying the new 80k car, we aren’t going to leave the 35 percenttip at our business dinners anymore. No more free rides on our backs. "

So when they buy a luxury car, or tip for a meal, they are giving the workers that built the car, or served the meal (likely on an expense account), a free rideon their backs. No doubt the traders that are passing this around nod their heads sagely at the wisdom contained within. To the rest of us it is just another example of how clueless the masters of the universe really are.

I

m certain this put the fear of god into every illegal alien working under thetable doing landscaping for below minimum wage. People who have never done manual labor in their lives, are used to earning 6 figures, and are as smart as dinosaurs will soon be displacing them.Reportbearish April 30 11:12pm Permalinkexcept there won

t be a middle class in America ; there will be the gvernment, big corporations, poor people who receive welfare and poor people who pay taxReportR Karma April 30 10:28pm PermalinkI could never feel threatened by anyone who says

pee

Reportcal.seff April 30 10:26pm PermalinkYeah you

re so freakin better than everyone else because you able to make moneyfrom all the money the taxpayers lent you at zero present interest. I mean no-one could possibly do that that. You wouldn

t last 5 seconds in the real world doing real work. Get over you self.Reportsrdagostino April 30 9:34pm PermalinkThere is a certain amount of truth to this! Way too many average Americans playe

d the housing market and their 401(k) plans as though they were playing the slots in Vegas. Heck, way too many charitable foundations invested their money in Wall Street!



Bottom line: Nearly all of us in America drank at least some of the Kool-Aid!ReportConfused gardener April 30 9:33pm Permalinkeducationally substandardReportConfused gardener April 30 9:32pm PermalinkSurely me and this guy are the same? We both provide a service and take a sliceof GDP created by other more productive members of society. Give me a call if yo

u want advice on how to deal with the rich mexicans you end working for and their terrible carping that you are no good lay around ****** thief.

PS the education system has moved beyond humiliation and fear as motivation to learningReporthendrik.rood April 30 9:24pm PermalinkGeorge Parr: In any case, we keep saying: "if you tax us we go abroad."And that is not an idle threat. We can go and wreck somebody else

s financial system.

(Bird and Fortune - Financial Adviser, October 2007)Reportbaslip April 30 8:29pm Permalink

move over middle-class dirt, there are some big egos squeezing you out.

but seriously, he

s probably really fun to hang out and drink with, but he wouldprobably be a pain as a neighborReportSmiley Stan April 30 8:11pm Permalinkloved the first half of the letter, not too sure about the second half though...ReportBootvis April 30 8:10pm PermalinkMaddox, is that you?Reportshadow April 30 8:09pm PermalinkWe

re so smart that we were completely bust in 2008 and had to be bailed out byhonest hardworking taxpayers.Then with TARP,ZIRP,QE etc etc giving us brain dead but magnificently greedy Street traders another free ride,we;ve cleaned up again beyond our wildest dreams.I

f it all ended tomorrow we

d never have to work again,unlike the rest of you schmucks!Hope you miss us when we

re gone!ReportJoe Wall Street April 30 7:33pm Permalinkwe could just brown bag lunch for a week and not go out to dinner..Reportguesswork April 30 7:33pm PermalinkSounds like that psycho.... John Galt ? Whoever it is, he should be locked up. ...Reportxxxstowe April 30 7:31pm Permalinkloved it

‘We are wall Street…we are smarter and more vicious than [dinosaurs]‘

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