From Bond Trading To $40 Wall Street Tour Guide
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The MIT Sloan business graduate worked for Deutsche since 2005, but apparently quit when he received a doughnut bonus (zero) for his toils in 2008. He is now charging $40 for a comprehensive 'financial meltdown tour' of Wall Street, telling anecdotes and explaining his own role in the financial crisis. 'If I had gotten in 5 years earlier,' he laments, 'I would never have to work again'.
Taking in The New York Stock Exchange (complete with the word 'integrity' on the door), The Fed and the HQ buildings of some of the firms which were dramatically affected by the crisis (including the former HQs of Bear Stearns and Lehman Brothers). Luan told thebigmoney that: 'I hope my tour will shed some light on issues that people are only beginning to see, let alone understand'.
Any real tour of this crisis, however, will need to take in the locations of lap dancing clubs like Scores in Manhattan, and gentleman's clubs like Spearmint Rhino, where much of the lavish entertaining of the era was undertaken. And then there's the escort, drug dealing and binge drinking which were very much part of this culture of excess, and which are detailed so graphically in recent works of 'faction' by CityBoy ('Beer & Loathing In The Square Mile') and Tetsuya Ishikawa's 'How I Caused The Credit Crunch'.
But while Wall Street tries to redeem itself and talks about being 'humble', and 'respectful' and 'regretful', these unpleasant excesses, of course, are swept under the carpet.
In the meantime, good luck to Andrew Luan - apparently the only 'toxic asset' trader currently providing tours of Wall Street.
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