Did You Hear the One About Quantitative Easing?
Apparently it is possible to turn the recession, quantitative easing and the euro zone debt crisis into a laughing matter.
About ten financial professionals from investment banks, private equity firms and hedge funds participated in the first annual comedy competition for Wall Street Tuesday night sponsored by the Gotham Comedy Club in conjunction with Thomson Reuters.
“Regarding the U.S. dollar: 'Borrow all you want; we’ll make more.' That’s the way the Fed is looking at it. This will result in the inevitable devaluation of the dollar and it should inspire a movie involving Arnold Schwarzenegger called 'The Beninator' where he storms the Federal Reserve in lower Manhattan on Wall Street and stops Ben Bernanke from printing additional U.S. dollars (except those earmarked for Kalifornia!),” said Frank Lackner, a New York-based investment banker.
That’s not all. The show had numerous stories about private parts to an almost perfect impression of Barack Obama and jokes about the banking culture pre and post recession. It makes one wonder what the heck these people are doing in their cubicles and offices all day?
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