15 Most Infamous Wall Street Quotes
3. A Slip from Young Goldman Sachs VP
According to the SEC, Fabrice Tourre, the young Goldman Sachs VP, who was accused of creating and selling an "Abacus" CDO, filled with risky mortgages, sent an infamous email to a friend in Jan. 2007 and it went like this: "More and more leverage in the system. The whole building is about to collapse anytime now...Only potential survivor Fabulous Fab[rice Tourre] standing in the middle of all these complex, highly leverage, exotic trades he created without necessarily understanding all of the implications of those monstrosities!"
4. Fabrice Tourre to Show His Face Again
This time the personal messages sent by Fabrice Tourre to his girl friend, Marine Serres, brought ill-fame to him.
One of the messages said: "Just made it to the country of your favorite clients! I'm managed (sic) to sell a few abacus bonds to widow and orphans that I ran into at the airport, apparently these Belgians adore synthetic abs cdo2."
