According to Ted Papadopoulos, who’d been struggling with how to get people to listen when he said the financial crisis was caused not just by bankers but consumers, “The whole thing was an organic process. One day my good friend called me up and said, ‘You know what? You’ve been frustrated for so long, write a song about it.’ And I said, ‘done’.”

Rappin’ In Defense Of Wall Street [Fortune]

29 comments (hidden to protect delicate sensibilities)
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Comments (29)

  1. Posted by Elguest | May 18, 2011 at 8:08 PM

    Agreed.  Taxpayers need to take personal responsibility for the mess we’ve gotten themselves into.

  2. Posted by Black-Scholes | May 18, 2011 at 8:15 PM

    Loan Officer = Investment Banker? 

  3. Posted by Momentus | May 18, 2011 at 8:25 PM

    That was awesome.

    –guy who didn’t go to college

  4. Posted by Guest | May 18, 2011 at 8:39 PM

    According to Ted Papadopoulos … Stopped reading, right there

  5. Posted by guest | May 18, 2011 at 8:43 PM

     Pit stains – plaid shirt @ 1:50

    Just sayin’

  6. Posted by VP | May 18, 2011 at 8:43 PM

     same here

  7. Posted by Put_Option | May 18, 2011 at 8:45 PM

    Consumer: I have 5k in the bank, poor credit rating, and make 30k a year. Can I get a 800k mortgage?

    Place like nationwide: Absolutely

    8-12 Months later…

    Place like nationwide: Shit. LTV was 80%+, interest coverage ratio was 0.25, default city! We lost solvency, but at least we got a ton of commissions. Lets pass this on to wall street.

    Wall street: Ok we will take this dog shit, polish it, and place these various mortgage backed securities. We will trade these OTC and use mark-to-market models to justify valuation.

    Place like nationwide: Ok. By the way, we thought only the worst loans would default, like 20%. That number is closer to 80% now.

    Wall street: No worries. We actually went to college and grad school, so up yours! We’ll be fine

    Random hedge fund/hnwi/asset manager/pm: Oh wait, these securities aren’t worth dick. Short time.

    Wall street: F WORD!

    Consumer: F WORD!

    Place like nationwide: F WORD!

    Random hedge fund/hnwi/asset manager/pm: My Sharpe is higher than your company common stock. Eat my shit.

  8. Posted by Mazda 6 Too Sick | May 18, 2011 at 8:49 PM

     I thought those guys were signed by the Dumbazz Label.

  9. Posted by Put_Option | May 18, 2011 at 8:49 PM

    Sorry meant place like remax. Nationwide is insurance… duh…

  10. Posted by Guest | May 18, 2011 at 8:52 PM

     *vomits*

    fuck, I need a new keyboard.

  11. Posted by Anonymous | May 18, 2011 at 8:56 PM

    “My Sharpe is higher than your company common stock”

    I like that very much…

    -Guy who is suprised he actually made a “Defending Your Life” reference

  12. Posted by There It Is | May 18, 2011 at 8:56 PM

     I wonder if Seal Team VI found hundreds of yet-to-be-sent “thank you” notes from OBL to investment bankers for their inadvertant help in Al Qaeda’s work to ruin global financial markets?

  13. Posted by Guest | May 18, 2011 at 9:01 PM

    One of the few areas where I think both racial discrimination and government regulation would be merited is in the field of music, where I would fully support requiring a permit before anyone of primarily European descent could make music described as “hip-hop” or “rap”.

    Aspiring Rappers:  We’re calling ourselves “Leeman Brothaz”, and we’re making a rap song about–

    Government Regulator:  Hold it right there.  Have you filled out a form HonQ-E?

  14. Posted by InfiniteGuest | May 18, 2011 at 9:12 PM

    Show yourself out.

  15. Posted by Guest | May 18, 2011 at 9:44 PM

    Bess, any relation?

    :-)

  16. Posted by Bess Fan | May 18, 2011 at 9:47 PM

    What ever happened to Jeffrey Chiang of UT-Austin MBA fame?  Would love to read a follow-up.

  17. Posted by UBS HR manager | May 18, 2011 at 9:54 PM

    Would also like a follow up on Aleksy Vanier 

  18. Posted by Guest | May 18, 2011 at 10:23 PM

    Too soon 

  19. Posted by Charles Gasparino | May 18, 2011 at 11:36 PM

    Ted Acidophilus is a friend of mine.

  20. Posted by Guest | May 18, 2011 at 11:49 PM

    He was an undergrad dick bag

  21. Posted by Anonymous | May 19, 2011 at 12:26 AM

    Hip-hop-anon-a-mous?

    http://www.youtube.com/watch?v=KnbL56_S9rQ (~0:30 if you’re curious yet impatient)

  22. Posted by Red MacKombs | May 19, 2011 at 12:26 AM

    Isn’t he your boss?

  23. Posted by Anonymous | May 19, 2011 at 12:30 AM

    re-read much of the comment thread on that over the weekend when a convo somehow turned to him. Story had about 640 comments, which I think is still a dealbreaker record.

  24. Posted by Anonymous | May 19, 2011 at 12:31 AM

    think he had somehow managed to procure “office space” on park around 21st doing – shocker – decidedly non-wall street type things

  25. Posted by I'm a Dude | May 19, 2011 at 1:19 AM

    those are some nice looking briefcases. 

  26. Posted by Jr | May 19, 2011 at 1:29 AM

    Is Ted related to Nick Papagiorgio?

  27. Posted by Blunt | May 19, 2011 at 12:41 PM

     Heres the full version – http://www.youtube.com/watch?v=EoMpcz0S3hc

  28. Posted by Blunt | May 19, 2011 at 6:33 PM

    And so is Jeff Weiner of Linked-In. Dickbag

  29. Posted by Blunt | May 19, 2011 at 6:36 PM

    Geez…Got nailed up the ass?