4

Wall Street Traders Back to Acting Like Horrible People (By Hiring Dwarfs for Bachelor Parties in Miami)

^
Keep New Times Free
I Support
  • Local
  • Community
  • Journalism
  • logo

Support the independent voice of Miami and help keep the future of New Times free.

By and larger Wall Street's movers and shakers have always been insufferable, out-of-touch husks of human beings driven solely by greed. Of course, during the great recession of 2008 in which they were cast, deservedly so, as the villains they were forced to reign in some of their more exuberant spending. In reality, that was bad news for Miami's tourism industry, because we all known when douchebags really want to douche out they came to South Beach.

Thankfully, the New York Times now reports though that Wall Street is bringing douchey back.

Susanne Craig and Kevin Roose report on a number of recent exuberant shindigs thrown by Wall Street's high rollers including a Halloween party featuring performance by Lil' Kim, a birthday party in which a bank president cast himself as Hugh Hefner complete with a bevy of "bunnies," and up-ticks in spending on everything from fancy meals to cosmetic surgery.

Though one tale really took the cake, and it of course took place in Miami:

A Morgan Stanley trader recently tried to hire a dwarf for a bachelor party in Miami, asking the dwarf to meet him at the airport in a "Men in Black" style suit, according to e-mail exchanges. The trader, who wanted to handcuff the dwarf to the bachelor, was recently fired.

This is of course is all very sickening on a human level, but Miami's tourism is built on exuberance and fantasy. Following the recession, numerous firms canceled "corporate retreats" and other business travel to Miami which put a dent in our fragile economy. While that corporate level exuberance may not be back just yet, the people behind the corporations seem to be having a grand old time splurging.

Just as an example, after two years of relatively dour Art Basel weeks, which attracts no shortage of banker types (the main fair is sponsored by UBS after all), we expect things this year to move back towards their pre-recession excess.

Keep Miami New Times Free... Since we started Miami New Times, it has been defined as the free, independent voice of Miami, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Miami with no paywalls.

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.

 

Join the New Times community and help support independent local journalism in Miami.

 

Join the New Times community and help support independent local journalism in Miami.