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> "This manipulation was allegedly done through chat rooms with such names as “The Cartel,” “The Mafia” and “The Bandits’ Club,” If this is true, it would seem
by Kaveren 8y ago
> "This manipulation was allegedly done through chat rooms with such names as “The Cartel,” “The Mafia” and “The Bandits’ Club,”
If this is true, it would seem most unwise to discuss your cartel in a chatroom named "The Cartel".
How high-level would employees in these alleged rooms be likely to rank at?
- arthurcolle 8y agoAssociate level, or really, really dumb Vice Presidents
- cunzo 8y agoIn businesses that deal with economics everybody is an associate or a vice president
- arthurcolle 8y agoExcept for Analysts, Managing Directors, and those at the Partner level. But OK, if that's what you'd like to believe.
- philipov 8y agoIt's like using "password" as your password. The people who do that think they're being original and clever.
- projectramo 8y agoThat's silly. It is only original and clever if you replace the s with $ and a with @
- village-idiot 8y agoFormer finance employee here. We had a blanket ban on any project or program name that was even slightly insidious sounding, which is easy to do on accident when there are hundreds of projects and the name will be examined out of context by a regulator with 0 sense of humor. While it’s possible that the “cartel” started with that intention, it’s also likely that someone thought it sounded cool at first.
- JumpCrisscross 8y ago> which is easy to do on accident One of the first things I did when I took over a trading team was turn off chat. Trading involves stressful, adversarial interactions with counterparties and clients. Every person and deal eventually earns a nickname. It helps nobody when those nicknames appear in writing.
- village-idiot 8y agoWise choice.
- kasey_junk 8y agoI once worked with a quant that had a batch of strategies he was testing. The one that was performing the best he named ‘the front runner’ He was shocked when the firm required him to rename it & not use that name in any communication.
- michaelt 8y agoit would seem most unwise to discuss your cartel in a chatroom named "The Cartel". In the early 2000s, a group of corrupt Alaskan politicians literally had hats printed saying Corrupt Bastards Club [0] Some people have odd ideas about Linguistic reclamation. [0] https://en.wikipedia.org/wiki/Alaska_political_corruption_probe#Raids_on_legislative_offices https://en.wikipedia.org/wiki/Alaska_political_corruption_pr...