Matt Piper, the thirty-six year old trader accused of mismarking his book, may have lost nearly $120 for Morgan Stanley. But, even more stunning, he owns an embarrassing dog!
“A picture on social networking website Facebook showed him walking his dog, a daschund called Valerie,” London’s Times reports.
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Hey, leave the daschunds out of this!
Dog, schmog- what’s with that hat? Chester the molestor…. I bet he’s urinating in that photo, Bess?
they hire bozos with no character to begin with, and then wonder why this happens.
there is no honor among thieves.
MS heard of Piper’s lofty ambitions to be a Central Park dog walker and were kind enough to put him on the accelerated trader program. Who says these banks aren’t looking out for the little guys?
Right … trader marking his own book. Really super idea.
Better hope he doesn’t end up like Craig Gile.
There’s a Piper down…there’s a piper down!
OMG this article is hilarious! Honestly read it, including such gems as, “Credit derivatives traders start work at around 6.30 and shout to each other across the floor in a bid to establish prices. Mid-morning is quieter and used to speak to clients, who are generally hedge fund bosses.”
oH, soo thats what working @ an ibank is like!
HO-LY sh*t, a “So I Married an Axe Murderer” ref…
Oooh, that was offsides, wasn’t it? Tonight he’ll cry himself to sleep… on his huge pilla!
Kudos to guest @ 9:43
A man who is tired of Dachshunds is tired of life.
– Samuel Johnson [attributed]
The link is to the Daily Telegraph, not the far less tedious and Liz Hurley/Israel-obsessed (albeit Murdoch-owned) Times.
@Anal_yst: i know, i could not believe the fucking bile that this piece was coming out with. I loved the bit about traders often taking clients for dinner at “exclusive” Mayfair restaurants….yeah, thats right, traders always finish work and bring clients out for dinner. What the fuck are salespeople for?? Then there was the bit about 36yr old traders making £150k and being called “geeks” by colleagues…hmmmmm
Basically some quasi-journos attempt at putting their mis-understanding into print. Between this and The London Papers ‘Cityboy’ column the UK press are doing their best to spread the farcical inaccuracies.
150K Sterling – yeah sure. Maybe when he was just starting out.
These people don’t fuck around, do they?
One dude mismarks his own book, the reporters are at the door of his girlfriend/wife and parents (!) seeking comment.
Cioffi and Tannin/Tanen/Tanin/ (I’ve seen about 12 spellings in various rags) trigger the demise of an entire firm and no quotes from the nannies or nothin’.
It’s a shameful day to be American.
@ 10:23
Hey, they all can’t be Andrew Ross Sorkin
I’m told he traded options on CDX. I didn’t realize that enough options on CDX traded that one guy’s book could be plausibly mismarked to the extent of $120mio!
FREE RALPH!
@ Anal_yst – whilst indeed we can not expect the calibre of Dealbook in all biz rags, surely they can try to up their game somewhat. The Telegraph’s biz coverage is an embarrassment to UK media, and this being a paper whose tgt mkt are supposed to the ‘Upper Middle Class’. Then again, UK media is generally an embarrassment in itself. FT aside.
American bandersnatch @ 10.07 – Amen to that, just made my day. “Would you look at the size of that noggin’?! It’s like an orange on a toothpick!!”
-Scots lass
Most Scot’s food is based on a dare (sorry Mum)
I always hated the Colonel with his wee beady eyes. . . and that smug look on his face–”Oh, you’re gonna buy my chicken!”
The receiver of Kudos hath not a greater honor…congrats! “He puts an addictive chemical in his chicken that makes you craze it fortnightly smartass!”
And one last one…
“Let’s get pissed!”
That’s some exceptional investigative journalism there. Check out their source for the final quote about Matt Piper’s character.
http://moneyistheway.blogspot.com/
in one blog comment, stimpy tec has out-investigated a so-called legitamite member of the press.
in one blog comment, stimpy tec has out-investigated a so-called legitamite member of the press.
in one blog comment, stimpy tec has out-investigated a so-called legitamite member of the press.
related: i’m watching what is basically a ‘world’s craziest video’ show on msnbc, which they’ve converted into ‘tv journalism’ by adding a few minutes more of voiceover commentary.
shit is entertaining though..