15 Most Infamous Wall Street Quotes


 

13. Pageant Queen on Focus

Former pageant beauty queen Danielle Chiesi pleaded guilty to participating in the Galleon insider trading scheme orchestrated by Raj Rajaratnam and according to Fortune, she was told not to put anything in email.

Well, she couldn’t stop herself from saying a bunch of embarrassing things that eventually became public during the trial.

The prosecutors produced some phone recordings that revealed her arrogance: "Do you think in this environment, I know everyone's being investigated, do you think I could buy it here? Honestly?  I'm glad we're on a secure line.  I appreciate that.  What do you think I should really...Should I buy here? I'm a little nervous because people are going to investigate me.  I really believe that.  Because there are a**holes in this world.  Every hedge fund is going to go out of business.  And they're jealous."  

14. “Done … for you big boy”

This time, the story is about Barclay Traders, the emails from which were released by CFTC in its statement about the bank’s manipulation of LIBOR.

The CFTC release went like this: ‘In addition, certain Barclays Euro swaps traders, led at the time by a senior trader, coordinated with and aided and abetted traders at other banks in each other’s attempts to manipulate Euribor, even scheming to impact Euribor on key standardized dates when many derivatives contracts are settled or reset.

The traders’ requests were frequently accepted by Barclays’ submitters, who emailed responses such as “always happy to help,” “for you, anything,” or “Done…for you big boy,” resulting in false submissions by Barclays to the BBA and EBF.’

15. Lehman’s response to BofA                                        

Here the story started in 2007 with an email which was sent to Lehman Brothers’ one of the managing directors about a Bloomberg article on Bank of America’s CEO Ken Lewis saying a credit bubble was about to burst.

Ian Lowitt, who later became Lehman’s Finance Chief in 2008, responded as follows: "Do we have the balls to be the ones who pull back first to lead the market??"