At a table near the back of the Tribeca bar the bankers from Bear Stearns and JP Morgan were laughing about the Merrill Lynch turd attack. The rumor had spread late in the evening that it wasn’t a fixed income research analyst who stomped in his own crap and spread it around the 19th floor of Merrill Lynch’s headquarters at the World Financial Center. Everyone at the table now believed that it was an equity trader who blamed the folks at fixed income for his diminutive bonus.
“He shit on them because they shit on him,” the pretty girl who improbably works as a bond trader said.
We haven’t been able to identify the perpetrator, and the officialdom of Merrill aren’t talking about this anymore. So we can’t say whether this rumor has the story right but for the turmoil inside Merrill the facts of the case are beside the point. All of Wall Street has heard the story, and many now believe that it was a strike by the equities traders (or was it brokers?) against the bond buys. And the bond guys are contemplating revenge.
A few hours later, at a bar farther north and east, a few guys who work a fixed income desk at Merrill were leaning against a mahogany bar and drinking mahogany liquid poured over ice. In accordance with long standing tradition, at this point in the night they should have been be throwing hungry glances at the more than slightly drunk girls who looked like they learned how to wear their hair from MTV’s the Hills. But on this Friday they were distracted by thoughts of revenge. How best could they strike back against the those who had delivered his scatological protest memo to their floor? It may have just been one guy but entire groups were now verbally targeted. Clever ideas were bandied about but the main concern was how to deliver the most damage without getting caught.
We asked whether it might not be best to let this pass without retaliation but there had been too much laughter earlier that day, and too much Scotch later that night, for such pacifist thoughts to take hold. There will be revenge, one and all pledged. We left them at the bar and wondered whether John Thain knew what his soldiers were planning, and whether or not he could find away to stop them before they make their move.

Comments (16)

  1. Posted by NotNasser | January 14, 2008 at 12:47 PM

    Throwing “hungry stairs”?
    I’m guessing that should have come out “hungry stares.”
    But hey, who is to deny the animistic possibility implied in the phrasing as it stands.
    Throwing them sounds like pretty heavy work for investment bankers, though.

  2. Posted by Anonymous | January 14, 2008 at 1:01 PM

    I don’t mean to sound like a whiny bitch, but do these posts ever get proofread before you put them up?

  3. Posted by anonymous | January 14, 2008 at 1:08 PM

    The trader is from research driven trading desk.

  4. Posted by to 1:01 | January 14, 2008 at 1:45 PM

    if you dont mean to sound like “a whiny bitch” but acknowledge that you do, then why don’t you just shut the f up ???
    my issue w this post is not its grammatical errors, it’s the fact that it’s totally a useless waste of time…it’s not funny or interesting or insightful…there needs to be more than Erin Burnett and shit slinging at MER to comment abt.

  5. Posted by to 1:01 | January 14, 2008 at 1:46 PM

    if you dont mean to sound like “a whiny bitch” but acknowledge that you do, then why don’t you just shut the f up ???
    my issue w this post is not its grammatical errors, it’s the fact that it’s totally a useless waste of time…it’s not funny or interesting or insightful…there needs to be more than Erin Burnett and shit slinging at MER to comment abt.

  6. Posted by Nominate me | January 14, 2008 at 1:56 PM

    Bloomberg magazine just dropped on my desk. Great profile shot of the Coke bottles Thaine has strapped on his eyes. Those bitches are thick.

  7. Posted by jag | January 14, 2008 at 2:21 PM

    hey 1:01 : stop being a whiny bitch and shut the fuck up.

  8. Posted by EroticTangerines | January 14, 2008 at 4:14 PM

    I could read posts about shit all day

  9. Posted by rhymer | January 14, 2008 at 4:29 PM

    Can we talk about Julie’s lack of a rack?

  10. Posted by anon | January 14, 2008 at 5:03 PM

    4:29:
    I think she’s cute. Ms. Bonham from the Church & Dwight has the best episode Wallstrip has ever seen.

  11. Posted by 5:03 | January 14, 2008 at 5:05 PM

    And by that I meant the Church & Dwight episode, which has the undisputed best ending of any episode

  12. Posted by who done it? | January 14, 2008 at 5:29 PM

    It’s crap all over place in ML. This one was just discovered because someone stepped on it! With a bit more courage the fellow would have “crapped’ on CEO desk! I hope it was a “Bull shit”!

  13. Posted by sadlymerrill | January 14, 2008 at 10:55 PM

    Why don’t they do a DNA test and run is against the blood they take when you join the firm? It’s no more invasive than the ridiculous drug tests they require. Would also deliver what this entitled prick deserves–news flash.. your MD doesn’t clean up your shit! A janitor does!

  14. Posted by seriously? | January 15, 2008 at 12:52 PM

    Merrill takes blood samples from new employees?

  15. Posted by guest | June 11, 2008 at 11:02 AM

    “”He shit on them because they shit on him,” the pretty girl who improbably works as a bond trader said.”
    um…why is it improbable that a pretty girl works as a bond trader? because pretty girls are always dimwitted space cadets?
    that’s obnoxious.

  16. Posted by guest | June 11, 2008 at 11:08 AM

    preferably yes

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