This story is 100% true. I was at that party. When they said "high ranking members", they meant really, really high ranking.
"At's lev fin holiday party last week, several members of the group created a PowerPoint presentation that included a slide with the pictures of two employees who'd been laid off earlier in the year, with captions above each person saying, 'What's a loan?' and 'What's a bond?' This was shown in front of the whole group and several high ranking members of BAML who were seen laughing hysterically. The same thing happened last year- apparently besmirching the reputation of laid off employees is a little holiday tradition!"
Honestly, I'm kind of disgusted. It wasn't even that funny. Just kind of spiteful, esp since they did it last year as well.