Thursday, March 22, 2012

JPMorgan and BankOfAmerillwide cull traders

Bloomberg reported yesterday that the CMBS and RMBS desks took heavy hits at both JP and BOA.

In other news, large bands of former traders were seen roaming around Bryant Park quoting lines from Braveheart such as, "they may take our lives, but they can never take our FREEDOM!" in Scottish accents that rivaled Gibson's weak attempts in the movie. The situation teetered on violence when one trader tossed down his biodegradable coffee cup that was only half empty.

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