Category Archives: Legerdemath

Banking Articles

Here are two more articles about my time in banking: I, Too, Have Messed With LIBOR On Greg Smith, Goldman Sachs, and a Perp Walk Down Memory Lane

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How to Deceive a Client Without Really Trying

Note: The following is an abridged and easier to understand version of a previous post entitled Legerdemath II: Anatomy of a Banking Trick . If you are mathematically inclined and have some time on your hands, mosey on over there. … Continue reading

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Legerdemath II: Anatomy of a Banking Trick

Published with Q&A in Wall Street Oasis and in Zero Hedge In my previous article, “Legerdemath: Tricks of the Banking Trade,” I made brief mention of Treasury-rate locks: Most brazenly, we taught clients phony math that involved settling Treasury-rate locks … Continue reading

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Legerdemath: Tricks of the Banking Trade

Originally published in the Jan/Feb issue of Boston Review In the spring of 2000, I began a three-year stint on Citigroup’s corporate-derivatives team. I was just months past my twentieth birthday, with no work experience to speak of, in a … Continue reading

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