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Phil Albinus
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Top Quotes of the Week

What a week! Europe double dips, hedge fund managers have big egos, MF Global pleads the Fifth, and everybody is leaving Goldman Sachs. Advanced Trading gathered up the funniest and the most revealing quotes from the capital markets thought leaders. There's a lot of bad news out there, but there are some bright spots. Enjoy.
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4. Goldman Sachs Should Install Speedbumps at the Exits

It is definitely a part of regular turnover at any bank that happens after bonus every year. But indeed a large number of Goldman guys are jumping ship at the same time and going to non-banks. What this means is even Goldman can't do anything and even they can't make money, because of regulations.

—An anonymous trader who recently left a major bank to join a trading house

Source: Reuters

 

Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio

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magmasystems
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magmasystems,
User Rank: Apprentice
3/30/2012 | 4:41:13 PM
re: Top Quotes of the Week
Nice that I can provide some hope and good cheer to the haggard troops out there on The Street! And the wine and cheese was great!

-marc
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