The Facebook IPO Debacle, JPMorgan Deja Vu, What Will RIM Do With the BlackBerry? and More Quotes of the Week
3. Secret Society
Wall Street is increasingly turning into a giant favor-and-front-running factory, where the big banks and broker-dealers that channel vast streams of crucial non-public information are also trading for their own accounts.
— Matt Taibbi, Rolling Stone contributing editor, in a column about JPMorgan's $2 billion loss.
Source: Rolling Stone