“The premise of accepting a job at an investment bank is the understanding that you are "rewarded" for the risk of taking on a job that is not a career but rather a "financial relationship" where you must be worth more than what you are being paid today.” RelationshipRewardsCareerInvestment Banking Book:Liquidated: An Ethnography of Wall Street Source: Liquidated: An Ethnography of Wall Street
“Hegemony is not only hard work but also boastful.” Hard WorkHegemonyBoastful Book:Liquidated: An Ethnography of Wall Street Source: Liquidated: An Ethnography of Wall Street
“For years, we have been told that bankers were paid so much because they were cleverer than the rest of us. Now, it turns out you were not clever at all, and we are all suffering for your stupidity.” SmartEconomicsStupidityHegemonyMarketWall Street Book:Liquidated: An Ethnography of Wall Street Source: Liquidated: An Ethnography of Wall Street
“Investment banks are pressured to create hype and stimulate "investor appetite.” HypeInvestment BankingInvestor BehaviorStimulate Book:Liquidated: An Ethnography of Wall Street Source: Liquidated: An Ethnography of Wall Street
“Wall Street's contradictory approach to shareholder value and bull markets sets the stage for a financial crisis.” Financial CrisisWall StreetShareholder ValueBull Market Book:Liquidated: An Ethnography of Wall Street Source: Liquidated: An Ethnography of Wall Street
“Investment banking practices promoted a surge of predatory lending to originate loans and created a market for buying bonds based on them.” BondsMarketInvestment BankingLoansPredatory Behavior Book:Liquidated: An Ethnography of Wall Street Source: Liquidated: An Ethnography of Wall Street