It was the only bank that had someone face jail time for their role in the subprime mortgage crisis that caused the Great Recession the ruling judge called it “a small piece of an overall evil climate within the bank and with many other banks." Along with selling toxic mortgage-backed securities (refresher course: 3.8 million foreclosures fun fact: a disproportionate level of subprime mortgages received by U.S. Our party host Dylan was, in fact, an i-banker for one of Wall Street’s biggest financial institutions. They’re open twenty-four hours it’s great. This was short for “investment banker”, I learned, and tipped you off that you were in the presence of a New York Finance Bro and you should walk away now and go get a pepperoni slice on the corner. The most significant birdcall was when someone introduced themselves as an “i-banker”. I said, “What the fuck did you just say?”
The end result was that during my first year in New York I unfortunately sometimes ended up at parties where a guy in white linen pants would say, “I work hard, but I play hard, too.” Someone else once introduced himself with, “I’m from California, I make a lot of money, and I have a pottery wheel in my living room.”Īnother time a guy leaned toward my seven dollar necklace and gestured with his drink.
But no matter how you tried to avoid it, if you were hanging in Penn circles you were always going to come across somebody you wouldn’t normally choose to be around. Being a scholarship kid from Philly, it was jarring for me to see guys wearing pink pants without fear of getting beat up. The spread included Chaz, who at eighteen sat on a wall outside the dorm daily eating a banana and reading the Wall Street Journal a fraternity known as The Castle because it was and, regrettably, Ivanka Trump. I went to college at the University of Pennsylvania, where you couldn’t throw a pencil without hitting someone’s monogram. I had friends from college living in the east twenties, and took the A train down to go with them to the apartment of a guy they had known at school. I lived in Washington Heights, running an after-school program at the Y and renting a room for $600 a month. In 2006 I went to a party on East 26th Street in New York City.
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