15 Most Infamous Wall Street Quotes
5. Here is a Sarcastic Comment from an S & P Employee
Employees are doomed to make comments, mocking ones; it is common. But when they are made, they can never be taken back. Here is one that caused embarrassment.
Before the housing market crashed, an instant message from an employee at S & P read like this: "We rate every deal. It could be structured by cows and we would rate it."
6. Lehman Allegedly Called Some of its Bad Assets 'Goat Poo'
Lehman Brothers have been in ‘lime-light’ constantly throughout the recent few years making controversies, becoming bankrupt, and having changes in the top positions and many more.
Recently, JP Morgan Chase got some embarrassing emails from Lehman Brothers and in the year 2011, JP Morgan used those emails in a counter suit filed against Lehman.
According to lawsuit filed by JP Morgan, some Lehman and Barclays employees deceived the bank with bad assets and they themselves described these bad assets as “toxic waste” and “goat poo” in the emails.
