back then they used to have a true squawk box that went out to all the brokers. My favorite line from "Liars Poker" was "Come on guys! Sell the truth!"Quote from shopster:
" To put the problem in the simplest terms, the interests of the client continue to be sidelined in the way the firm operates and thinks about making money. .........."
Salomon Bothers ran the same style shop.
the culture was to offload all the crap to the client and rack up a big bonus at year end.
" Liars poker " by Lewis who worked for the lads in the 80's, chronicles the entire culture and mentality of Wall Street.
you were either a " grunt, wimp or a Big Swingin' Dick.........."
nothing has changed in the past 40 years except there are more zeros on the end of all the numbers.
" Wall street has a grave yard at the top, a river at the bottom and kindergarten with the kiddies in the middle......"
Bozzo the clown is still in charge and pulling the levers.
cheers,
s
