Fake Writer's Take On Banking

jamesfrey.jpgJames Frey has a new (legitimately fictional) book out called Bright Shining Morning. At a reading last night, when asked by an audience member if he ever found it difficult to come up with material, he responded, "Writer's block is for chumps. To me this is a job, like being a banker, or a teacher. You never hear of banker's block."


Setting aside the notion that Frey really isn't in a position to be passing judgment on anyone, "chumps" included, it seems as though he's slightly misguided. With regard to the argument that there's no mental wall involved in a profession that merely requires you to show up every day, one Lehman Brothers analyst told Radar, "Try fixing Excel spreadsheets in pitch books for 16 hours a day and then tell me there's no such thing as banker's block." And a tweaker from Morgan Stanley offered, "I suffer from banker's block every single morning I wake up to do this job. That's why God invented Red Bull." But we also get the feeling that Frey's under the impression that banking itself doesn't involve actual writer's block, which a couple professional in the field assured us it does.

Sayeth one VP at JPMorgan, "I'd like to see how long it would take Frey to try and write a public filing that describes the ass-rape of Bear Stearns without using profanity. Do you have any idea how long I sat there trying to come up with an acceptable alternative? At first I thought, okay, how about the 'non-consensual fucking of Bear Stearns," but that didn't work. Then I tried "backdoor surprise," but that didn't cut it either. I literally sat there for hours with nothing but that infernal cursor staring me in the face before deciding to go with "involuntary and immediate liquidity injection requirement." Late at night, I lie awake and see visions of that cursor. Taunting. Mocking. Making a fool of me. So don't you dare tell me there's no writer's block in banking."

And a very wound up UBS employee told us that he "dared" "this Frey asshole...to singlehandedly write a detailed report in the multiple voices of the audit committee, the Chairman's special subcommittee and the independent directors announcing that because we have 50 billion in losses but raised 48 billion in new capital by diluting our shareholders to hell, our 'net loss' is 2 billion... pounds. And then try to do it in the bank's corporate language, English, when your first language is fucking GERMAN. I've been working on it since our last disclosure, i.e. several weeks and I'm not even finished. Shit... I don't think I was supposed to say anything about this 'til next week."


Bright Moment [NYP]
James Frey Calls BS on Writer's Block [Radar]

Comments

Posted by golden girl, May 15, 2008 3:30PM

(rubs eyes) that's a lot of words and my head hurts today.

Can we discuss Chaz's haircut? Yikes. When guys go in for a cut, it's never a good thing.

Posted by blndebnker, May 15, 2008 3:40PM

"Backdoor surprise"

Brill, Bess. Just brill.

Posted by guest, May 15, 2008 3:42PM

Pretty funny!

Posted by guest, May 15, 2008 4:10PM

Testing a comment.

Posted by guest, May 15, 2008 4:13PM

@4:10 - looks good. Nice work.

Posted by guest, May 15, 2008 4:32PM

So usually I give others a hard time for this sort of thing, but I'll fess up here - I don't get it.

Posted by guest, May 15, 2008 4:35PM

@ I don't get it--frey thinks there's no such thing as a 'block' in a type of job you show up to every day. quotes from radar disagree with him. then bess takes it to the bess place by saying not only do bankers experience banker's block, but they also experience writers block, when trying to write their bull shit reports.

Posted by onetwo , May 15, 2008 4:40PM

@4:32, so you're telling me you don't "get" things often, but rarely admit it? How's that credibility level treating you?

Crappy day.

Posted by guest, May 15, 2008 4:43PM

@ 4:35

I guess that's where I got lost. I don't believe there is any type of 'block' associated with those jobs - aside from any actual 'writer's block' that I might run into while scripting a pitch book, CIM, managment presentation, etc.

The Excel anecdote didn't make sense to me, and all of the other examples were really just bankers experiencing said 'writer's block'. That was my interpretation, anyway.

Posted by guest, May 15, 2008 4:45PM

@4:43-- yes. that was the point. to say banker's get writer's block.

also-- what excel anecdote?

Posted by guest, May 15, 2008 4:48PM

"banker's block" funny as hell. I'm using that as an excuse net time I fuck something up.

Posted by onetwo , May 15, 2008 4:48PM

@4:32, so you're telling me you don't "get" things often, but rarely admit it? How's that credibility level treating you?

Crappy day.

Posted by guest, May 15, 2008 4:49PM

what's not to get? she's making fun of bankers who have it hard figuring out how to come up with alternatives to "assrape," goldman's creative accounting, and the swiss for how they'll spin their upcoming losses.

keep up.

Posted by guest, May 15, 2008 4:49PM

@ onetwo

Gotta love the irony.

Sounds like you didn't quite "get" the point of 4:32's post.

4:32 said he / she usually gives other people a hard time for not "getting" things, not that he / she usually fails to "get" things themself and simply doesn't admit this.

Posted by guest, May 15, 2008 4:56PM

4:49 knows what's up. not only do banker's suffer from "banker's block," but they also [she says sarcastically] suffer from writer's block, when coming up with bull shit.

what's wrong with you people today?

Posted by golden girl, May 15, 2008 4:57PM

@onetwo, i miss you, come back to communicator!

Posted by Anal_yst, May 15, 2008 5:29PM

There is definitely an excel-block, and it occurs somewhere around 10pm (+/-), right around that time when all hope of getting out of work on the same day you previously arrived goes straight out the window.

Of course, 1/2 the time its because excel-vertigo has set-in and you fail to notice a misplaced "-" sign or some other ridiculously simple fix thats royally f'ing up your model, which you realize 6 hours later after completely redoing it from scratch.

Posted by guest, May 15, 2008 5:33PM

like the old saying goes...

Those that can, do.

Those that can't, write.

Sorry DB staff, it's the truth

Posted by guest, May 15, 2008 5:34PM


Who is James Frey, and why should I care what he thinks?

Posted by blndebnker, May 15, 2008 5:38PM

@5:33pm - Actually I think it's "Those who can't do, teach."

Posted by guest, May 15, 2008 5:40PM

and those who cant teach, teach gym

Posted by guest, May 15, 2008 5:44PM

The best part about Frey was that he inspired one of the best south parks ever... a million little fibers


Clearly around the 85th comment things dont make sense anymore
i agree with whomever proposed happy hour discussions

reader poll...

best banker happy hour stop for

Downtown:
Midtown:

Posted by Anal_yst, May 15, 2008 5:51PM

Fidi: http://www.killarneyrose.com/
best place to get F'd up on the cheap, with zero (maybe less) pretense.
Trinity place isn't bad either, although its a bit classier...

Midtown: depends what you're going for

W union square always has some quality talent, and the bars around NYU (the past few weeks especially) are hot college girl central.

Posted by guest, May 15, 2008 5:56PM

what about jeremey's? anyone ever go there and grab the quarts of beer in styrofoam cups?

Posted by Anal_yst, May 15, 2008 5:59PM

@5:56 - elaborate, now.

Posted by guest, May 15, 2008 6:01PM

http://www.jeremysalehouse.com/beer-seaport.htm

$5.00 quarts of coors light near the seaport

Posted by golden girl, May 15, 2008 6:04PM

I like Becketts downtown.

Posted by guest, May 15, 2008 6:31PM

LOL "backdoor surprise"

Posted by NotNasser, May 15, 2008 9:04PM

I literally sat there for hours with nothing but that infernal cursor staring me in the face before deciding to go with 'involuntary and immediate liquidity injection requirement.'

------

What's there not to "get" folks? We aren't discussing Aristophanes here!

BTW, Socrates sitting in the clouds is funny because....

Posted by guest, May 16, 2008 3:39AM

I have writers block, or bloggers block, in trying to figure out what to write here that will have everyone falling off their swivvel chairs in uncontrolled mirth... I cant...so Im gonna log off now.

PS the only bankers "block" I know of is when my expenses claim for last nights pole dancing club get "blocked"...

Posted by guest, May 16, 2008 9:03AM

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The FED is concerned with the fact that Chuck Norris has a HELOC that is based on the fed funds rate

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All lists you see are those who came closest.
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Here's the link
http://elitetrader.com/vb/showthread.php?s=70423058d96a98f136b10ca7169bad9a&threadid=127184


Happy Friday
Metals Trader

Posted by guest, May 16, 2008 11:45PM

what happened to all the comments yo

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