Do you know this credit trader?
Media have recently carried reports of a “former derivatives trader” who is now a leading light of the Occupy Wall Street movement prompt a mystery
Everything is so bemusing.... Why does he still have a subscription to such a specialised and technical magazine as Crediflux?
Good suggestion. A prize of six months free subscription to globalrevolution.tv for the writer of the best headline about Vlad the Impaler (or is that “Impaled”?) and his drastic career change.
"Sad Vlad" or is it "Mad Vlad", "Glad Vlad" " I've had it Vlad", "Bad Vlad" "Cad Vlad" , "i've got it bad, Vlad" the variations are endless, what a great name. Its a shame the tabloid newspapers haven't got hold of this one, I can see the Sun headline now... perhaps Creditfux should run a competition for the best headline
Vlad Teichberg was index trader at HSBC and Westlb aprox 2002-2006.
It made me sad to read Vlad's statement. He needs help.
the system you are trying to destroy also happens to employ directly and indirectly many more honest hard-working people than millionaires. if you can't see that, you haven't lost your self-importance from your banking days
Yet another "stopped clock who correctly predicts the time twice a day". If Vlad had truly seen the GFC coming maybe he should have had Dick Fuld's job and then maybe Lehman would be around today and all the Lehman employees wouldn't have seen all their shares go to zero. He envisages people who were smart enough to see the GFC coming and stuff all the customers, but not smart enough to get the same risk off their own balance sheet and save their own shares, jobs and bonuses - I don't think so.
the system you are trying to destroy also happens to employ directly and indirectly many more honest hard-working people than millionaires. if you can't see that, you haven't lost your self-importance from your banking days
westlb explains a lot. only if he got that job at gs in 92, then he would never have turned on all of us
It's always easier to blame the lack of meritocracy than to take a long hard look at yourself in the mirror.
This is Vlad Teichberg. If you have any concerns about my trading history I would happily supply you with my CV and you can do reference checks :) The reality is the media for the most part (not sure about every article) is accuratly reporting that I was a derivatives trader. my career spanned from 1992 till very recently, but make no mistake I spent the last 10 years working on destroying the system that was created. you can see my work at a collective i co-founded in 2002 http://www.glassbeadcollective.org I will outline a few reasons for turning on all of you bellow: 1. Lack of Meritocracy - lets face it the people who got promoted to top positions had main qualification of brown-nosing... and how many times did you have to deal with idiot bosses? 2. Lack of Ethics - both in legal sense and moral sense. Everyone who was around me knew the credit bubble would blow up, everyone knew that the ratings agencies were being bribed so synthetic cdos or senior tranches of them priced at very low correlation assumptions were jammed into the pension system, insurance system and to grandmothers everywhere. People who called out the truth, were simply removed. I had that experience while working for a large german bank, but i am sure i was not the only one. Hence the only people who stayed were either idiots who didnt get it, or people who put the paycheck ahead of their principles.... 3. Greed - i think that speaks for itself. to that i would add a certain feeling of self importance. It was funny watching all you idiots start having heart attacks on the trading floor when the proverbial shit hit the fan...
He was a correlation trader at some point, according to Linkedin. You guys at Creditflux should write an article about the career of correlation traders, what they do now.... :-)
Seems there is a Vlad Teichberg who has worked at BGC Partners in NY (Bloomberg).
http://www.linkedin.com/pub/vladimir-teichberg/6/192/634
Ex West LB Trader from NY. Ran Structured Credit and ABS?
VLAD TEICHBERG Bgc Partners LP Work: +1-646-346-7095 One Seaport Plaza 2) vteichberg@bgcpartners.com 199 Water Street New York NY 10038 United States showing on Bloomberg as an ex employee.... no further career history shown
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Comment by: Mike Peterson. Posted 12 years ago [2011-11-07 13:22:42]