One of our major competitors shoots themselves in the foot with this dimwitted move.
Fabrice “Fabulous Fab” Tourre To Teach Economics Class At University of Chicago
Submitted by Mike Krieger of Liberty Blitzkrieg blog,
Just in case you thought for a second that the sorry discipline we call economics couldn’t stoop any further into the gutter of academic idiocy and irrelevance, think again. It’s now being reported that ex-Goldman Sachs trader Fabrice “Fabulous Fab” Tourre (recently convicted on six counts of securities fraud) will be teaching an honors economics class at the “prestigious” University of Chicago.
There’s nothing like an esteemed University setting the already culturally accepted example that ethics are for suckers. Stealing, cheating and corruption are the values most exalted in today’s world. It doesn’t matter how you achieve your wealth, as long as you attain it. After all, it’s not as if you’ll ever get in trouble for it as long as you work for a “Too Big to Jail” bank.
From the UK’s Independent:
Fabrice Tourre, the former Goldman Sachs trader convicted on six counts of securities fraud six months ago, will teach an honours class in economics at the University of Chicago this spring.
Mr Tourre’s weekly Thursday afternoon seminar, called “Elements of Economic Analysis”, is part of his studies for a PhD in economics, after he completed a masters in operations research at Stanford University.
Last August, a federal court found “Fabulous Fab”, as he famously styled himself in emails to his girlfriend, liable for six of seven counts of securities fraud relating to the Abacus 2007-AC1 mortgage-linked collateralised debt obligation.
At the time, The New Yorker magazine wrote that Mr Tourre was the “only Wall Street banker to be found guilty of any charges having to do with the financial crisis” of 2008.
Don’t worry Fab, modern economics essentially bases its principles on your behavior. A match made in crony heaven.
Full article here.
The world is crazy.
No shit LIpoh ,you stupid Injun.
lol @ bb
I think MBA’s should be taught by criminals. They’ll be entering a business world world run by criminals. The big banks launder drug money. JPM paid out almost $40 billion in fines, penalties and legal fees (but nobody went to jail). The big banks fraudulently stole millions of homes. The Fed counterfeits money. Banks and Wall Street are the biggest criminal organizations in the history of the world.
Presenting The #1 Financial Haven For Dictators & Criminals
Submitted by Tyler Durden on 02/26/2014 – 15:02
Pop quiz: When really nasty criminals and dictators want to hide their illicit gains, which country do they go to? We’ll make this easy for you – multiple choice:
a) Switzerland
b) British Virgin Islands
c) Hong Kong
or d)… The USA The answer is D, the USSA
http://www.zerohedge.com/news/2014-02-26/presenting-1-financial-haven-dictators-criminals
And, after all, it IS Chicago… where “criminal” is relative, if not an actual requirement for the job.
Once-prestigious U of Chicago is the same place that employed the Obamas, Barack as an underqualified lecturer (NOT A PROFESSOR!) who didn’t make any efforts to get himself on the tenure track or otherwise act like a law academic, and Michelle as an outrageously overpaid…. something? What exactly did she do for a salary of almost $300k a year? It’s not clear she did anything meaningful, or at least anything that could not have been done by a student working part-time.
All this tells me is that Fab somehow has lasting connections to the kleptocracy.
Lesson # 1. Why Madoff Isn’t Teaching.
Lesson # 2. Flipping To The Fed.
Lesson # 3. How To Rip Off Old Ladies And Orphans.
Lesson # 4. The Fundamentals Of Interest Rate Manipulation
Lesson # 6. Crony Capitalism And The Free Market
Lesson # 7. Bid Rigging And Quote Stuffing, Intro To High Frequency Trading.
Ice Cube says it best.
Hey, does anyone know/remember the link to some book about the tricks/tactics criminals both incarcerated and free use….there was a link to amazon……help? And yes, I want to go to TBP for the donation thing.
It was called, “Games Criminals Play”
@sum, thanks a bunch – appreciate it!