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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>Trader Describes How Dishonesty Pays in Finance, Big Time | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="rKbGw1Lzqn"&gt;&lt;a href="https://www.nakedcapitalism.com/2013/08/trader-describes-how-dishonesty-pays-in-finance-big-time.html"&gt;Trader Describes How Dishonesty Pays in Finance, Big Time&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2013/08/trader-describes-how-dishonesty-pays-in-finance-big-time.html/embed#?secret=rKbGw1Lzqn" width="600" height="338" title="&#x201C;Trader Describes How Dishonesty Pays in Finance, Big Time&#x201D; &#x2014; naked capitalism" data-secret="rKbGw1Lzqn" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>Yves here. It may seem like a "dog bites man" account to describe yet again how traders are fixated on their bonuses, often have tawdry personal habits (cocaine, whores, flashy cars) and have no compunction about leaving rubble in their wake, be it customers or the firms for which they work.   However, it's one thing to hear it from outsiders or people who've managed to spend some time on a dealing room floor, and another to have someone in the industry describe what goes on.</description></oembed>

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