Tuesday, May 29, 2012

Quote of the Day: Wall St. Bankers & Fraud

A huge portion of Wall Street’s earnings were built around the model of ‘I’m going to bet against my clients. I’m going to regard my clients not as clients — and you can hear it in their language, but as counterparties.
- Edmund Clark, Chief Executive Officer Toronto-Dominion Bank, "No Trading for Dimon Principle With CEO Clark: Corporate Canada"

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