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Wall Street Oasis » Blogs » Edmundo Braverman's blog
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How To Kill a Bank - The Final Chapter
 

Edmundo Braverman's picture
Edmundo Braverman
      ST
 
 
(Human, 14,322
 
Points)
 on 10/13/10 at 2:00pm
NOV Cover Arianny Resize 2.jpg

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.

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Tags:
  • playboy

Comments

San Franciscan's picture

Wow, congrats Eddie!

San Franciscan
     
 
(Gorilla, 509
 
Points)
 on 10/13/10 at 7:21am

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

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Edmundo Braverman's picture

Thanks! The article is

Edmundo Braverman
      ST
 
 
(Human, 14,322
 
Points)
 on 10/13/10 at 7:24am

Thanks! The article is actually about WSO, and the power that financial blogs like us have today. I'm pretty sure Patrick's in the article too.

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AVPGuerilla's picture

Congrats, well done EB!

AVPGuerilla
      IB
 
 
(Senior Gorilla, 883
 
Points)
 on 10/13/10 at 7:25am

Congrats, well done EB!

Step 1: Dream the Dream || Step 2: Live the Dream || Step 3: Rinse, repeat.

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Jorgé's picture

That's awesome Ed, congrats!

Jorgé
     
 
(Neanderthal, 2,182
 
Points)
 on 10/13/10 at 7:53am

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

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happypantsmcgee's picture

Damn Ed...that's awesome,

happypantsmcgee
      O
 
 
(Almost Human, 9,621
 
Points)
 on 10/13/10 at 8:32am

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

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Capitalist's picture

Now I can really read Playboy

Capitalist
      ST
 
(Senior Monkey, 70
 
Points)
 on 10/13/10 at 8:38am

Now I can really read Playboy for the articles!

Seriously though good work.

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MJP338's picture

Win

MJP338
      ST
 
(Orangutan, 254
 
Points)
 on 10/13/10 at 9:07am

Win

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Upload Avatar

You should have held out for

vanillathunder12 (not verified)
     
 
(Chimp, 0
 
Points)
 on 10/13/10 at 9:19am

You should have held out for Megan Fox being on the cover. But other than that, it's pretty fucking cool to say "Yeah, I had one of my articles published...in Playboy!"

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Otter.'s picture

Congrats guys - should be

Otter.
      CD
 
 
(Gorilla, 551
 
Points)
 on 10/13/10 at 9:20am

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

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

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Edmundo Braverman's picture

vanillathunder12 wrote: You

Edmundo Braverman
      ST
 
 
(Human, 14,322
 
Points)
 on 10/13/10 at 9:22am
vanillathunder12:

You should have held out for Megan Fox being on the cover. But other than that, it's pretty fucking cool to say "Yeah, I had one of my articles published...in Playboy!"

That's actually been an area of confusion for the people who know about this. I didn't write the article, the article was written about me. As in, I'm the subject of the article. along with WSO (you guys) and the plan I wrote.

Just wanted to clear that up. Tim Schultz wrote the article (and had to spend some time in Paris's diviest bars to do it).

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happypantsmcgee's picture

I would argue that being able

happypantsmcgee
      O
 
 
(Almost Human, 9,621
 
Points)
 on 10/13/10 at 9:42am

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

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bulge4lyf's picture

Wait......so you get accused

bulge4lyf
      IB
 
(Gorilla, 562
 
Points)
 on 10/13/10 at 9:54am

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.

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San Franciscan's picture

Eddie, does this mean Schultz

San Franciscan
     
 
(Gorilla, 509
 
Points)
 on 10/13/10 at 10:11am

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

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Mzz's picture

San Franciscan wrote: Eddie,

Mzz
      O
 
 
(King Kong, 1,501
 
Points)
 on 10/13/10 at 10:19am
San Franciscan:

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.

haha for sure.

Good job Ed.

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Edmundo Braverman's picture

bulge4lyf wrote: Wait......so

Edmundo Braverman
      ST
 
 
(Human, 14,322
 
Points)
 on 10/13/10 at 10:28am
bulge4lyf:

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?

Playboy's legal department has much greater resources than WSO's.

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CaptK's picture

Damn Eddie - well played sir.

CaptK
      PE
 
 
(Neanderthal, 2,341
 
Points)
 on 10/13/10 at 10:40am
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- 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

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yangNYC's picture

Congrats man, thats so

yangNYC
      IB
 
(Monkey, 59
 
Points)
 on 10/13/10 at 10:49am

www.wallstinsiders.com
www.facebook.com/WallStreetInsiders

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TNA's picture

Wow guys! I will go out and

TNA
      O
 
 
(Human, 13,473
 
Points)
 on 10/13/10 at 10:54am

MSF Website
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1cubuffalo's picture

Having worked on the retail

1cubuffalo
      O
 
(Chimp, 7
 
Points)
 on 10/13/10 at 11:09am
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Edmundo Braverman's picture

I'm counting on you guys to

Edmundo Braverman
      ST
 
 
(Human, 14,322
 
Points)
 on 10/13/10 at 11:13am

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GoodBread's picture

Major props Eddie!

GoodBread
      AM
 
 
(Neanderthal, 3,602
 
Points)
 on 10/13/10 at 11:25am

Financial Modeling Training
Guide to Finance Interviews

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monty09's picture

email me your address and I

monty09
      EN
 
 
(Senior Neanderthal, 5,398
 
Points)
 on 10/13/10 at 11:54am

WSO Conf - June 29, 2013

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ibintx's picture

Wow, all playboy readers in

ibintx
      IB
 
(Orangutan, 290
 
Points)
 on 10/13/10 at 12:06pm
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Edmundo Braverman's picture

monty09 wrote: email me your

Edmundo Braverman
      ST
 
 
(Human, 14,322
 
Points)
 on 10/13/10 at 12:18pm

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monty09's picture

Edmundo Braverman

monty09
      EN
 
 
(Senior Neanderthal, 5,398
 
Points)
 on 10/13/10 at 12:20pm

WSO Conf - June 29, 2013

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fhurricane's picture

I was very curious to see

fhurricane
      O
 
(Senior Baboon, 202
 
Points)
 on 10/13/10 at 12:26pm
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WallStreetOasis.com's picture

yeah, thanks to all of you

WallStreetOasis.com
      EN
 
 
(Human, 12,039
 
Points)
 on 10/13/10 at 1:31pm

WSO Conference 2013

Private Certified User Chat

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happypantsmcgee's picture

Gotta feel good to see your

happypantsmcgee
      O
 
 
(Almost Human, 9,621
 
Points)
 on 10/13/10 at 1:35pm

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

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R5A7B's picture

Tremendous credit where it is

R5A7B
      IB
 
(Orangutan, 319
 
Points)
 on 10/13/10 at 1:48pm
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bulge4lyf's picture

Can we not just scan the

bulge4lyf
      IB
 
(Gorilla, 562
 
Points)
 on 10/13/10 at 2:34pm

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.

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happypantsmcgee's picture

Eddie, what are the chances

happypantsmcgee
      O
 
 
(Almost Human, 9,621
 
Points)
 on 10/13/10 at 2:35pm

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

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ButHopeful's picture

happypantsmcgee wrote: Eddie,

ButHopeful
      ST
 
(Monkey, 52
 
Points)
 on 10/13/10 at 2:46pm
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Edmundo Braverman's picture

bulge4lyf wrote: Can we not

Edmundo Braverman
      ST
 
 
(Human, 14,322
 
Points)
 on 10/13/10 at 2:49pm

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loki276's picture

That is just brilliant. You

loki276
      IB
 
(Orangutan, 328
 
Points)
 on 10/13/10 at 4:12pm
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CiroCorp's picture

congrats guys, awesome

CiroCorp
      IB
 
(Senior Baboon, 186
 
Points)
 on 10/13/10 at 7:45pm
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blastoise's picture

gratz

blastoise
      O
 
(Senior Neanderthal, 4,380
 
Points)
 on 10/13/10 at 7:50pm
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Bi-Winning's picture

F*cking baller, Ed! I

Bi-Winning
     
 
(Gorilla, 708
 
Points)
 on 10/14/10 at 12:24am

I win here, I win there...

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Topli's picture

Luckily I've got a bookstore

Topli
     
 
(Senior Chimp, 19
 
Points)
 on 10/14/10 at 6:02am
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sofib09's picture

Very cool...even I'll go

sofib09
      CF
 
 
(Senior Orangutan, 460
 
Points)
 on 10/14/10 at 12:33pm
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drexelalum11's picture

Very cool; even got a shout

drexelalum11
      O
 
(Neanderthal, 3,635
 
Points)
 on 10/14/10 at 3:33pm

Modeling Training
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Resume Review

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RE_Banker's picture

Eddie, Read the article this

RE_Banker
      PE
 
 
(Gorilla, 513
 
Points)
 on 10/17/10 at 3:20am
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fhurricane's picture

I just read the article. I

fhurricane
      O
 
(Senior Baboon, 202
 
Points)
 on 10/18/10 at 11:33am
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You agree to defend, indemnify, and hold harmless the Company, its officers, directors, employees and agents, from and against any claims, actions or demands, including without limitation reasonable legal and accounting fees, alleging or resulting from your use of the Material or your breach of the terms of these Terms and Conditions. The Company shall provide notice to you promptly of any such claim, suit, or proceeding and shall assist you, at your expense, in defending any such claim, suit or proceeding.

General.

The Company makes no claims that the Materials may be lawfully viewed or downloaded outside of the United States. Access to the Materials may not be legal by certain persons or in certain countries. If you access the Web Site from outside of the United States, you do so at your own risk and are responsible for compliance with the laws of your jurisdiction. These Terms and conditions are governed by the internal substantive laws of the State of New York, without respect to its conflict of laws principles. Jurisdiction for any claims arising under this agreement shall lie exclusively with the state or federal courts within New York, New York. If any provision of these Terms and Conditions are found to be invalid by any court having competent jurisdiction, the invalidity of such provision shall not affect the validity of the remaining provisions of these Terms and Conditions, which shall remain in full force and effect. No waiver of any term of these Terms and Conditions shall be deemed a further or continuing waiver of such term or any other term. Except as expressly provided in additional terms of use for areas of the Web Site a particular "Legal Notice," or Software License or Material on particular Web pages, these Terms and Conditions constitute the entire agreement between you and the Company with respect to the use of Web Site. No changes to these Terms and Conditions shall be made except by a revised posting on this page.

PRIVACY POLICY

The Company recognizes that you are concerned about privacy. We are committed to preserving your privacy and safeguarding your sensitive information. The following statement describes the general information-gathering and usage practices of our sites.

Our staff, contractors, Internet service providers and others involved in this site follow this policy or similarly strict policies regarding your Information.

Disclosure

The Company is committed to fully disclosing our policies regarding the collection, use, maintenance, disclosure and security of personal information obtained from users of our site. The term "personal information" includes a name, address, email address, or any other information which could be used to contact you directly or to identify you personally.

Use and Disclosure Limitations

The Company only uses personal information about its Web site users for specific purposes. We do not share user information with third parties except when we have told users about the disclosures, when we have prior consent, or when required by law.

Use Policy: When the Company gathers personal information from users, we ask for permission first. We also disclose, at the time of collection, how the information will be used by us. Personal information is used for activities such as auto-completion of commonly-used forms and helping us contact you when you solicit information from us.

Disclosure Policy: We do not normally disclose personal information to anyone outside of the Company unless we have previously informed users about the disclosures. However, some data may be used from time to time by outside contractors, including auditors or consultants, to assist us in carrying out necessary financial or operational activities. These uses will be consistent with this privacy policy and all contractors using this potential personal information must agree to safeguard it, to use it only for the authorized purpose, and to return it or destroy it upon completion of the activity.

The Company might be required to disclose personal information in response to a valid legal process such as a subpoena, search warrant or court order.

Although unlikely, it is possible that we may have to make certain disclosures to ensure the security of our Web site, to protect its integrity, or to take precautions against potential liability. In any of these situations, we will take any reasonable steps to limit the scope of the data disclosed.

Web Logs: The Company maintains standard Web logs that record basic information about visitors to our Web site. These logs contain: * The Internet domain from which you came to our Web site. * Your IP address. An IP address is a series of numbers which uniquely identifies your connection to the Internet. Although it is possible in some instances, certain types of IP addresses may be used by interested persons to identify users but we do not attempt to identify users in this way. * The type of browser (e.g., Internet Explorer or Netscape) and operating system (e.g., Windows 98) you use. * The date and time you visited the site, and the pages you saw.

We use Web log information to design our Web site, identify popular features, and in similar ways. We do not try to identify individuals from Web logs or to link Web logs to other user information. However, if someone tries to damage our Web site or use it in an unauthorized or illegal way, we may share Web log information with law enforcement agencies. The Company may provide aggregate information such as the number of users who visit particular pages of the site, or the number of people who link to certain external sites from our site, to other parties.

Changes to Privacy Policy

The Company's features and services will change over time and our information-gathering practices and policies may also change.

While our philosophy of protecting user information from inappropriate uses and disclosures will not change, this policy will be updated occasionally to include any change that materially affects the collection, maintenance, use, or disclosure of personal information.

Forum Topics

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  • Inspired by comments from this: http://www.wallstreetoasis.com/forums/basic-guide-ramping-up-on-a-company-with-public-information-part-1-of-3 Lets just jump in. <strong>Technology:</strong> In this space there are really two metrics that matter the most, sales growth and EPS...
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  • Dear, Since about 2 months I am reading topics on this great forum. It really is the best forum I have seen so far. I've got a couple of questions, but first of all I will tell you something about my life: Age: 20 Universtity: university of amsterdam Bachelor: finance (and...
    Some questions from an ambitious dutch student
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  • So I got an offer from a boutique consulting firm. It mainly does project management for a number of F500 tech companies. It starts in august. What I originally wanted was to work in AM but I couldn't get an offer. Any ideas about how I should go about getting a job in finance? I have a few...
    Graduating senior, need a finance job! MSF?
  • I'm interested in hearing from people who have received full or partial scholarships to schools and what their stats are. Currently I'm ~690 gmat , 4.0 gpa and I'm looking at vandy, ut austin, villanova, and duke Thanks to anyone who can help post some public...
    Can anyone share anecdotal MSF scholly stats?
  • Hey Monkeys, I'll be moving to London for work later this year - my office is in Hammersmith. For the sake of convenience for work, I've considered living in Hammersmith (near the tube station). For those of you who live or have lived in London - what are your thoughts on choosing...
    Working in London (Hammersmith) - suggestions on where to live?
  • My overall gpa will prob be a 3.7/4.0 and I go to a UCLA/USC/Berkeley. Think I still have a good chance for SA recruiting?...
    Got a B in corporate finance...
  • For better or for worse, there’s a very unique feeling when everything goes completely according to plan yet nobody seems to care or notice. Such is the case with our favorite company of the moment, Tesla Motors. For those unaware, TSLA has rocketed upwards since its Q1 earnings release, mostly...
    A Perfect Storm
  • Allow us to search by...
    Suggestion for company database
  • Hi guys, I am a small Asian guy (5'7'') and as I am looking for dresses for my summer internship I got into trouble finding the shirts and pants that fit me. For example there were no shirts with 30 inch long sleeves ( the smallest one was 32). Desprerately enough I looked at...
    Dress for small guys
  • Are brand name glasses too fashionable for banking? How bout the thicker framed glasses? I was thinking of getting something along the lines...
    Prescription Glasses
  • Hello, I am just looking for some opinions on Economics degrees, that is my major and I would like to know how Financial and Accounting firms and departments (in companies) view this degree. Please share what you think or your experience. Non target school and mediocre GPA...
    Economics major
  • Hello fellow monkeys. A few weeks ago I was admitted, and have now formally accepted my transfer admission from a community college into UCLA's Business Economics program for this fall. I've started thumbing through the catalog of courses for my major (and a potential minor in accounting)...
    UCLA Biz Econ Reviews?
  • With the great acceleration of WSO Certified Users has come an awesome collection of interviews, general Q&As and AMAs that we have compiled into 1 place. If you hover over the FAQ menu above and click "Best Interviews", you will find an awesome array of Q&As from some of WSOs...
    Best Q&As and Interviews on WSO
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I used to work with a guy that had everything on the surface, but absolutely nothing inside. The guy was 6 feet tall, good-looking, charismatic, multi-lingual, graduated from a top business school, and had made MD at a bulge bracket investment bank. Yet he couldn’t remember the last time he...
How to Develop a Personality
<em>Mod note (Andy): we vetted this user to confirm his identity/status and yes in fact he is who he says he is, and is eager to answer your questions :)</em> Bio: I decided to join WSO to help both students and young professionals advance in their Finance careers, whether that be...
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For better or for worse, there’s a very unique feeling when everything goes completely according to plan yet nobody seems to care or notice. Such is the case with our favorite company of the moment, Tesla Motors. For those unaware, TSLA has rocketed upwards since its Q1 earnings release,...
A Perfect Storm
I'm currently a Private Equity Analyst in Shanghai, China. Academically, I graduated from a target school majoring in Economics and Chinese. I also spent my time at college as the president of an on-campus student organization related to Finance and Economics and a volunteer for a local...
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You've just gotten that promotion and now you're in charge of a small team. Congratulations! And welcome to middle management. All the hard work and the knowledge you've developed about everything your firm does these past few years has been noticed. But, now you have a small...
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Assuming that you have access to no financial products such as FactSet, Bloomberg, CapitalIQ, Thomson or otherwise, thought it would be helpful to give a step by step guide on how to ramp up on a new company from your home computer. Using FaceBook as an example. Lets go ahead and start with the...
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Fellow Primates, We are looking for 1-2 students on each campus to help WSO in its sales efforts to student clubs/career centers, and overall promotion at your school both online and on the ground. Below is a description of the position and benefits...thanks in advance for your help! <a...
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<em>“You know, In The Flesh,”</em> a WSO monkey told me at a recent Happy Hour, <em>“that gentleman’s book is the real deal. I ordered that shit on Amazon as soon as I read your review. It’s so right, man. I want to be like that: keep my word, honor my commitments, be...
Being A Gentleman, Revisited
<em>Mod Note: This is a syndication from Jared's Daily Dirtnap daily market newsletter. WSO readers qualify for a $100 discount...just email [email protected] and mention "WSO Monkey Discount" You can follow Jared on twitter at @dailydirtnap</em> There I go...
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<em>Mode note: Blast from the past - "Best of Eddie" - this one is originally from December 2010.</em> Monty09 may have gotten the best plug yet for his <a href="http://energyrodeo.com/">Energy Rodeo</a> in Houston next month, and it came from none...
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