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Mod Note: Best of Eddie, this originally went up October 2010

Many of you remember a series I wrote earlier in the year entitled How To Kill a Bank (here's Part 1 and Part 2). It was supposed to be a 3-part series, but the first two parts generated so much hate mail that I never bothered to post the final part. You guys have been asking about it ever since.

For those who don't remember, I created a 10-step plan that enabled consumers to destroy one of the four major commercial/investment banks (Bank of America, Citigroup, Wells Fargo, or JP Morgan Chase). I posted the actual plan on the site for about a half hour and then took it down because it got such a violent response. I was literally accused of economic terrorism.

Unbeknownst to me, the post got a lot of attention outside the site as well, and it wasn't long before I was contacted by Tim Schultz, a freelance writer in Tokyo, who convinced Playboy Magazine that it could be their financial story of the year. I'm pleased to present you with the end result, available on newsstands Friday, October 15:

It's been a surreal process guys, and Patrick and I really appreciate your patience. While I haven't seen the article itself yet, I'm confident the author did a great job and that it will be both entertaining and enlightening. My plan was presented to a wide range of experts (St. Louis Fed President James Bullard, former S&L regulator and current UMKC Economics and Law professor Bill Black, and others) and I'm anxious to read their input.

Not for nothing, but the November issue also boasts as cover girl MMA sweetheart Arianny Celeste and Playmate of the Month Shera Bechard(Safe for Work link). I have it on good authority that they might even be naked.

So get out there on Friday and pick up the November issue, or just go ahead and subscribe for a couple bucks more. I'm anxious to hear what you guys think.

By the way, 10 Silver Bananas to any monkey who submits a photo of himself (or herself) reading the November issue on their trading floor or any other readily identifiable area of their firm (you prospective monkeys can submit a photo of yourself with the magazine in a bank to qualify - extra banana if the photo includes a hot teller). You can cover your face with the magazine if you're worried about anonymity. Submit photos to [email protected]. We'll put together a monkey Wall of Shame.

Comments (48)

  • San Franciscan's picture

    Wow, congrats Eddie! Hopefully the guy will mention WSO so the site can get some publicity.

    "If you can count your money, you don't have a billion dollars." - J. Paul Getty

  • Jorgé's picture

    That's awesome Ed, congrats! Haven't picked up a playboy in a loooong time but I'll be getting this one for sure.

    People like Coldplay and voted for the Nazis, you can't trust people Jeremy

  • happypantsmcgee's picture

    Damn Ed...that's awesome, well worth the wait

    If I had asked people what they wanted, they would have said faster horses - Henry Ford

  • Otter.'s picture

    Congrats guys - should be some serious publicity for the site!

    Hi, Eric Stratton, rush chairman, damn glad to meet you.

  • happypantsmcgee's picture

    I would argue that being able to say there was an article ABOUT you in playboy is infinitely cooler than having an article you wrote in appear in Playboy.

    If I had asked people what they wanted, they would have said faster horses - Henry Ford

  • bulge4lyf's picture

    Wait......so you get accused of economic terrorism and are forced to take it down from the site....so you go and let it be published in an international magazine.... :/

    I'm not disagreeing with you but what made you think it was a good idea?

    I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing.

  • San Franciscan's picture

    Eddie, does this mean Schultz is going to reveal your real name!?

    This feels like the episode of South Park where we finally see Kenny take his hood off.

    "If you can count your money, you don't have a billion dollars." - J. Paul Getty

  • CaptK's picture

    Damn Eddie - well played sir. I apologize for giving you shit for holding out. As someone above me said "now I can actually read Playboy for the articles."

    Having an piece about you in Playboy is an accomplishment - hopefully you kept all your clothes on, unlike many of the others featured in "articles". Can't wait to read it.

    - Capt K -
    "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham

  • 1cubuffalo's picture

    Having worked on the retail side of JPM Chase, as well as currently working in commercial area of Wells Fargo this has definately peaked my interest. From experience and countless (useless) conference calls and "team meetings" I think JPM would still be a functioning entity out of the Big 4 Banks if a run was made on the community bank deposits. Their investment division had carried their profit line along with the mortgages until the most recent quarter when the retail bank actually posted a signifigant push in revenue lines.
    At the same time if there was a run on WF I could be eligible for a severence package. . .

  • WallStreetOasis.com's picture

    yeah, thanks to all of you guys for making WSO such a great resource -- without it being a decent size when that story hit, I doubt Schultz would have ever come across it.

    On another note, I think Eddie deserves a big congratulations (it is infinitely cooler that the story is basically about him and his plan) and all of the credit. I had one 2 hour interview, he had several FULL DAY interviews. It was definitely a fun ride to hear about it all unfold.

    I will have some of my buddies up in the states read it to me so no need to overnight me a copy in BA...should be here about a week later. Hopefully this leads to many more stories about WSO so we can continue to grow the community (we're about to hit 40,000 registered members) into an even better resource.

    Thanks again to Eddie and all the users on WSO,
    Patrick

  • happypantsmcgee's picture

    Gotta feel good to see your site coming into its own, Patrick, congrats.

    If I had asked people what they wanted, they would have said faster horses - Henry Ford

  • bulge4lyf's picture

    Can we not just scan the article and email it to you?

    I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing.

  • happypantsmcgee's picture

    Eddie, what are the chances you could write an article about how the whole process came about, what went down, etc. Just curious as to what the day long interviews and such were like.

    If I had asked people what they wanted, they would have said faster horses - Henry Ford

  • loki276's picture

    That is just brilliant. You have co article written about you in PLAYBOY. Can life get any better? Also good that wso finally gets good mainstream attention. Hopefully however this doesn't mean that the rite gets crowded with unfunny trolls. Although funny trolls could be helpful

  • Bi-Winning's picture

    F*cking baller, Ed! I honestly doubt any WSO member can top this in their lifetime.

    I'll persuade my roommate to buy it and I'll snag it off him before he gets his jizz all over it.

    I win here, I win there...