15 Most Infamous Wall Street Quotes

11. Tannin and Cioffi, Misleading their Investors

Hedge Fund Manager Matthew Tannin sent an email to Ralph Cioffi (funny that the email was sent to his wife actually), saying how the subprime market looked really ugly.

Here is the email: "the subprime market looks pretty damn ugly… If we believe the [CDOs report is] ANYWHERE CLOSE to accurate I think we should close the funds now. The reason for this is that if [the CDO report] is correct then the entire subprime market is toast… If AAA bonds are systematically downgraded then there is simply no way for us to make money — ever."

But, he told the investors: "We 're very comfortable with exactly where we are."

Later, prosecutors used the embarrassing email to show that Tannin and Cioffi were intentionally misleading their investors. Eventually both were charged with securities fraud; but, were both acquitted after wards.

12. Uneasy Moments for Goldman Sachs

In 2007, the former Goldman Sachs Senior Executive Tom Montag sent an akward email to Daniel Sparks.

In the email that caused huge embarrassment for Goldman Sachs, Montag wrote, "boy, that timeberwof [sic] was one sh*tty deal."

Moreover Senior Carl Levin couldn’t make out enough from this during the senate hearing and while he was grilling Sparks, he used the word ‘sh*tty’ over and over again.