Quotes About Bond traders

By the mid-1950s, the young bond traders on the Street were becoming more and more of a fraternity. We organized informal luncheons every Thursday in an effort to educate financial writers, who knew next to nothing about municipal bonds.

Had Volcker never pushed through his radical change in policy, the world would be many bond traders and one memoir the poorer.

We fought with those cocksuckers all the way down," says one Deutsche Bank trader. And, all the way down, the debt collectors at Deutsche Bank sensed the bond traders at Morgan Stanley misunderstood their own trade. They weren't lying; they genuinely failed to understand the nature of the subprime CDO.