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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (42710)	5/2/2013 1:29:56 PM
From: FJB	Read Replies (1) \| Respond to of 85487

Free Vegas Trips, Cocaine And Hookers: A Peek At Real Banker Life Submitted by Tyler Durden on 05/02/2013 - 10:17 Think frontrunning clients, trading against recommendations, manipulating LIBOR, and slamming gold at the London fixing is all investment bankers do? Wrong. What really happens in banker life is far more exciting and enjoyable (at least for preferred banker clients) as the following story by the WSJ's David Enrich shows. In reality, the activities that bankers seem to spend the most time on, is treating their "preferred clients" with free gambling trips to Las Vegas, skiing in Chamonix, flying wives and girlfriends in helicopters, doing blow in industrial amounts, and, of course, cavorting with strippers and hookers. All paid for by some unwitting clients of course. It is this environment of utter and perfectly permitted, if not encouraged, debauchery that allowed scandals such as the Libor fixing "conspiracy" (first theory, then fact of course), to flourish, and which makes being a banker still the most desired job in the world (contrary to beliefs that it was all about the passion of crunching goalseeked DCFs at 2 am in the morning).