Why are you being so nice to each other?
Investment Banking is notoriously about every man for himself, dog eat dog, fucking over other people and doing whatever it takes to further your career. It's what attracted me to IB, no do-gooders trying to stop you in your tracks with their 'conscience' shpeel.
So why are you chumps all going "Man I'm so sorry, I really feel for you" blah blah?
Maybe it's because a lot of you are still college boys and not yet in the real world.
I'll tell you what the real world is like - today at Goldmans, JPMorgan and the other banks doing well out of this mess there's been a lot of laughing and high-fiving as their competition has decreased.
When they hear about colleagues in the industry being fired they take the news joyously that their comparative position relative to peers has increased.
We had a meeting today with senior MDs who said how this is all such good news for us, the additional business we'll be getting from clients who won't be touching any dog like Lehman with a hint of liquidity woes, and how our rankings and prestige/rep will improve.
Even for students, if you have an SA or grad job lined up, you should feel fucking happy at the thought of peers getting their offers revoked. It makes you look better if there's less people doing what you're doing.
And I can't see JPMorgan employing any more than 40% of Bear... the calibre/quality of Bear Stearns people are significantly, significantly inferior to their JPM counterparts. Especially at an SA/grad level, where Bear interns/grads obviously went there because they couldn't get anything else. A tossup between BSC and Deloitte/PwC.
Goddamn this feels good :-)
Peppie
and no i dont work at bear or leh.
You are in no position to comment on what happens in the investment banking world since you are obviously not in it. Amending your profile from a first year analyst to 2nd year associate, from a princeton finance major to a princeton anthropology major. What kind of sad reject are you?
I never changed 1st yr an to 2nd yr assoc. I explained I fibbed about major as to remain anonymous. I couldn't give a shit with all this "you're lying / you don't exist" shpeel, you don't know who I am and how successful I am. I expect this from ignorant redneck forums, not here.
Anyway, as expected I'll get a ton of posts calling me a shit / douchebag etc. Bottom line is this is fortunately NOT the reaction in good IBs today, quite the opposite. Today is great news for JPMorgan. If Goldmans writedowns are bigger than expected it gives JP the opportunity to become global number one.
i doubt you are that "successful" being a monkey analyst
Don't you work in options? OTC derivatives? Do you see any reason why the Fed didn't want Bear to go belly up?
You need someone to trade with pal...
This is fucking hilarious. Keep it up Pepstar - I'm starting to like you.
Interesting how you never mention Morgan Stanley in your tales.
Hahaha, I took enjoy reading Pepstar's rants. Can't really get mad over something on the internet can you? :).
if anyone has actually read any of pepstars posts, it is painfully obvious that he in fact is not and has never been employed in a finance related field. for some reason, he is a loser with no life who thinks it is funny and clever to come on this message board and create posts in an attempt to rile people up and create controversy. can we get him off the board once and for all?
HAHAHA, I just read the post without looking who the author was, thinking "oh no, we don't need another douche here after the posts we've been getting from pepstar recently..." and then I keep reading other people's reactions to this, and... SURPRISE, IT IS PEPSTAR!!! :)
Pepstar, you are not an investment banker!!! you are a trader you moron.
He's neither. Come on guys.
you should change your nickname to pepsTARD. karma is going to be a big bitch to you one day, regardless of whether or not you have anything to do with finance. you remind me of that dumb kid who pretended to be recruited by Cal and who knows what other schools, only to later admit it was all in his head. becuase he was retarded. really really retarded. like you, pepstard.
hey WACC Attack, who's the kid that was recruited by Cal? What's the story there? I'm interested, please share.
if you think there are high fives going around at JPM, or any bank today. Bear going under is a terrible thing for Wall Street, and for bankers employed anywhere.
Bear represents an alternative job, and was historically a firm that paid above the Street median. Bear going away means bad things for everyone, regardless of whether you work there or whether you compete with them day in, day out.
Grow up.
You've got to admit that at least he's funny, people... Funny in a sad kind of way, but still funny.
Pepstar the ivy reject and banker wannabe getting bitch-slapped by an MD.
genghis couldnt be more right btw.
I saw the title and knew exactly which idiot wrote it
Dude, the act was funny until it became too obvious that you were a fake. Part of being a wind-up artist is that you have to maintain a sense of legitimacy.
Sorry to digress from the Pepstar hate, but I have a question in reference to GenghisKhan's post. I remember you talked about the impending layoff problems a few months ago and how much trouble these type of firms were getting into. And from the looks of things, you were spot on. Do you still foresee continued problems of this magnitude in the future or are you hearing more optimistic information about these companies in terms of employment, liquidity, and overall survival.
Pepstar, you are hilariously inconsistent and blatantly fake. On top of that, you are seriously scum. If you truly believe the filth you spew, then you are indeed a sad sad person and will live a vacuous existence. You obviously need to get the shit beaten out of you so you can gain some perspective.
Everything that's been happening is bad for banking in general, no firm is going to escape unscathed; there is really nothing to be jubilant about. The fact that you find joy in the suffering of others reflects your own insecurities. There is no denying that this industry is cutthroat but you are missing the point entirely. Maybe when you actually get a job in the industry, you'll understand.
BTW- "Lehman IS fucked", not "Lehmans are fucked" you dumbass.
Ok guys, Pepstar has been banned. He kind of reminded me of Dan Bush. Occasionally a user like this can be entertaining, but when they keep creating new forum topic after new forum topic of crap and Certified Users have to take the time to respond to try and counteract some of the nonsense then it becomes counterproductive.
Wow, just when I thought we had gotten rid of most of the trolls another one pops up. Sorry about that guys. I'll try to pull the trigger faster next time.
Thank you.
Yea pepstar youre absolutely right. Every time I see a homeless guy in the subway I high-five the closest person within arms reach and beam with pride in how successful I am.
The fact that you have such little respect and empathy for anyone else in this field pretty much confirms everyone's claims that you're a pathetic douche.
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