We eat what we kill
A witty email is buzzing around in the dealing rooms, a Wall Street’s response to the Occupy movement. Truth be told, I’ve seen it before a couple of years ago in a slightly different version. This one was already posted in the comments a few days ago (thanks for that) – but hey, it’s worth a full post.
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We are Wall Street. It’s our job to make money. Whether it’s a commodity, stock, bond, or some hypothetical piece of fake paper, it doesn’t matter. We would trade baseball cards if it were profitable. I didn’t hear America complaining when the market was roaring to 14,000 and everyone’s 401k doubled every 3 years. Just like gambling, its not a problem until you lose. I’ve never heard of anyone going to Gamblers Anonymous because they won too much in Vegas.
Well now the market crapped out, & even though it has come back somewhat, the government and the average Joes are still looking for a scapegoat. God knows there has to be one for everything. Well, here we are.
Go ahead and continue to take us down, but you’re only going to hurt yourselves. What’s going to happen when we can’t find jobs on the Street anymore? Guess what: We’re going to take yours. We get up at 5am & work till 10pm or later. We’re used to not getting up to pee when we have a position. We don’t take an hour or more for a lunch break. We don’t demand a union. We don’t retire at 50 with a pension. We eat what we kill, and when the only thing left to eat is on your dinner plates, we’ll eat that.
For years teachers and other unionized labor have had us fooled. We were too busy working to notice. Do you really think that we are incapable of teaching 3rd graders and doing landscaping? We’re going to take your cushy jobs with tenure and 4 months off a year and whine just like you that we are so-o-o-o underpaid for building the youth of America. Say goodbye to your overtime and double time and a half. I’ll be hitting grounders to the high school baseball team for $5k extra a summer, thank you very much.
So now that we’re going to be making $85k a year without upside, Joe Mainstreet is going to have his revenge, right? Wrong! Guess what: we’re going to stop buying the new 80k car, we aren’t going to leave the 35 percent tip at our business dinners anymore. No more free rides on our backs. We’re going to landscape our own back yards, wash our cars with a garden hose in our driveways. Our money was your money. You spent it. When our money dries up, so does yours.
The difference is, you lived off of it, we rejoiced in it. The Obama administration and the Democratic National Committee might get their way and knock us off the top of the pyramid, but it’s really going to hurt like hell for them when our fat a**es land directly on the middle class of America and knock them to the bottom.
We aren’t dinosaurs. We are smarter and more vicious than that, and we are going to survive. The question is, now that Obama & his administration are making Joe Mainstreet our food supply…will he? and will they?”
its arrogant, delusional and rubbish .. how is it worth a full post.. jack man come on ..
Made me laugh anyway.
I’m very important. I have many leather-bound books and my apartment smells of rich mahogany.
It is actually wrong. An economy where money circulates among people who live off of it is much more stable an healthy than an economy in which most of consumption is on luxury goods, bought by the rich from the rich (even if a bit trickles down to the car washer).
thats precisely why buffett and co are not in favor of huge income/wealth disparity .. its not healthy and its not sustainable ..
I love scotch. Scotchy, scotch, scotch. Here it goes down, down into my belly…
I always loved the argument that rich people should be paid a lot because otherwise they wouldn’t be able to pay you to do stuff you don’t want to do…
3 words: Buffet is right
An economy where the hungriest smartest productive people are actually doing productive jobs instead of shuffling around numbers will be a huge improvement.
And it’s old, 2010 story. http://www.wallstreetoasis.com/forums/we-eat-what-we-kill
Buffet is a grade A douche. For all his skill in picking well run companies, he is absolutely clueless about the source of prosperity in an economy. Hint: it doesn’t come from government – in fact, government is a parasitical impediment to progress. You don’t reward a tax parasite with more blood in the midst of a depression unless you want more misery and suffering.
Yes, Buffett is douche, he just got lucky .. 40bn times over .. the point .. he is not going to be correct all the time .. its not possible .. research the guy and you’ll see plenty of mistakes and he acknowledges them .. now the next point .. he is not debating about govt expenditure .. all he wants is a rational tax code, his tax rate of 15% is not fair when compared to his staff’s 30-35%, thats the only thing he is trying to say .. and douchebags like you can’t get even one point straight … no wonder his simple strategies of making money works .. there are class 1 douches like you who can’t even understand or replicate simple strategies that he talks about ..
‘And it’s old, 2010 story. http://www.wallstreetoasis.com/forums/we-eat-what-we-kill’
Nothing new, Amsterdam is last to hear of the stories and tricks from wall street .. old school sleepy town dutchies ..
what, like getting bailed out by the US taxpayer? That IS a hard strategy to recreate.
It’s old, but that what the post says
Jack, no insights on what’s going on with MFGlobal?? Are any dutch market makers using them?
haha dutch market makers using MFGlobal .. you must be high as chimney .. if you wanna know about MF, just look at its CEO .. yes, ex-GS CEO the great Jon Corzine .. this moron got the biggest losses in 94 rates spike, then another round of big losses during 98 russian default and now finally big losses during PIIGS sovereign debt crisis .. how do these people keep getting second chances .. this moron brought 6.1 bn of PIIS debt on MF’s balance sheet, yes, and the debt doesnt mature till end of 2012 .. now MF is down 80%, it fell another 15% today, leverage was 40:1 yesterday .. another mini lehman .. bove thinks they have days to resolve .. haha .. another moron .. if MF doesnt have buyer this weekend, they would file for chapter 11 on Monday .. who is going to release them any money after today is beyond me .. much like PIIGS .. the soverign debt crisis is not over by a long margin ..
‘what, like getting bailed out by the US taxpayer? That IS a hard strategy to recreate.’
No, its not, it just took 14 Summits across 21 months to get something moving and even now all you got is 220bn which could be levered 4-5X, no details how, no bailing out Greece, just asking private people to take hair cuts, banks have been left to fend for themselves and ECB still not really as a lender of last resort, thankfully Draghi has indicated that bond purchases would continue .. buys you a bit of time .. next year is going to be fun ..
Newest movie on the financial crisis:
Margin Call; http://www.imdb.com/title/tt1615147/
I liked it, good cast, more or less understandable for general public and more or less realistic. Time is very condensed, but hey, this is Hollywood.
It’s so damn hot. Milk was a bad choice!
Eh ? What are you talking about ?
I would love to meet the douche who penned this crap.
A soft hand wall street suit couldn’t do my job, or attempt my hours if he tried. I am a landscaper, I own a company. I would love to see one of these paper pushing soft handers try to build or install any of the projects I do in a week. Inept, little pansies who spend most of their day talking with friends and searching the internet. Eat what you kill. The irony being your soft little hands probably have never even fired a gun.
Push comes to shove, their kind would be the first to be eliminated if it came down to survival. Hilarious.
Is there anything more badass than: “I don’t take a pee break while tossing around large sums of other people’s money!” That’s basically like eating gunpowder and shitting dynamite.
no thats the most badass there is,