ITV's documentary on life in the square mile, featuring five traders/bankers and ex-banker Polly Courtney, who left to write a book about her experiences.
Exactly right - it was made in 2006, first broadcast in 2007, then aired a few more times that year on various channels... Sadly though, I don't think attitudes in the city have changed that much...
The problem isn't their pay. The problem is many are trading knowing that it will end in a catastrophe and the losses are paid by bailouts. They are being rewarded short term for something that is a long term process.
I have heard that although those "charity dinners" say they raise X amount of money, by the time the cost of food, people, and entertainment is paid from the money taken in, the actual amount raised is next to nothing....anyone else ever heard anything like that?
As my father always said: "John Milton is still remembered, even after almost 400 years after his death. Nobody remembers asshole that made couple of millions and spend it on Ferrari." This was just Enron bubble 2.0. Jeffrey Skilling was at least charismatic and almost genius. Even on his trial, you just buy his words on face value. Money weren't his final motivation. These guys are bad influence for young people.
It seems like it has that side too it that this show, defiantly does not show, good luck with your new book, the clip on your channel was great. Wish you all the best with your new life style.
Adam Sanchez This ANDY LANK SYSTEM is perfect for anyone. Even if you have absolutely no trading experience! I often warn newbie traders not to dive into trading Binary Options thinking that you will be able to earn an incredible amount of profits on your own! Whenever you try something for the first time you are bound to make mistakes and mistakes in trading means that you are losing money! That is why having Option Navigator software is what you need!
+Adam Sanchez actually, i tried to google the interviewees from the show. it turns out that they do exist, but their job titles and serving firms are not relevant or closed to what they were doing in the film. so, either this documentary if a story film, or they are changing their paths now..
24' : I can't understand why a businessman, a man who's life IS business, flying over to London from Istanbul, doesn't already own a suit that looks great for his meeting the following morning. One guess is, the weather in Istanbul is hot, and the dress code is casual. So he's been stuffing his face; packed on a few pounds and this last minute meeting requires a new bespoke, because he's outgrown his wardrobe. Okay...maybe that's it. Good for her. Perhaps she's been sending him cakes?
CANTER FITZGERALD ... the CEO that was on the news on 9/11 and then crying for MONEY because his financial firm couldn’t meet their financial obligations??? It wasn’t just him asking for money for the 9/11 families. $80k on 10 tables??? Wow. 🙄😒
I am about to be employed as a trader in London thanks to my excellent personal trading history. Some people can not take it like you Polly... it is understandable. Most traders are male because they have that aggressive gambler/risk taker in them, that attitude drives a trader to do long hours. I think the money paid out is justified...but is it fair? Depends how you view it. I think it is the fault of the system itself. The system is broken which allows bonuses to be justified. If you want this to stop then change the system, until then... enjoy.
Ouh , thats a nice way of making money This sounds like a nice business glad for you What markets are you trading ? Give me some details this business sounds interesting
Exactly right - it was made in 2006, first broadcast in 2007, then aired a few more times that year on various channels... Sadly though, I don't think attitudes in the city have changed that much...
This aired on Tuesday 16th January 2007
The problem isn't their pay. The problem is many are trading knowing that it will end in a catastrophe and the losses are paid by bailouts. They are being rewarded short term for something that is a long term process.
Same with CEOs.
aahhh 2006...miss those days. Very different City of London back then.
and this was followed by the GFC?
I have heard that although those "charity dinners" say they raise X amount of money, by the time the cost of food, people, and entertainment is paid from the money taken in, the actual amount raised is next to nothing....anyone else ever heard anything like that?
As my father always said: "John Milton is still remembered, even after almost 400 years after his death. Nobody remembers asshole that made couple of millions and spend it on Ferrari."
This was just Enron bubble 2.0. Jeffrey Skilling was at least charismatic and almost genius. Even on his trial, you just buy his words on face value. Money weren't his final motivation. These guys are bad influence for young people.
Oh you are the lady in the show? I admire your work It's a amazing world, cheers for the upload.
It's me indeed! I look a bit older now :-)
Thanks! It definitely had a 'dark side'...
Just before the financial crash broke,where the poor,disabled,vulnerable and sick are now paying for the rampant avarice as displayed here.
It seems like it has that side too it that this show, defiantly does not show, good luck with your new book, the clip on your channel was great. Wish you all the best with your new life style.
Love to know when this was broadcast, any ideas any one? 2006 perhaps?
nice!
Would you ever consider going back into that lifestyle? and can you take me with you.
Wonder what all these featured City guys are doing now. Anyone know?
Adam Sanchez This ANDY LANK SYSTEM is perfect for anyone. Even if you have absolutely no trading experience! I often warn newbie traders not to dive into trading Binary Options thinking that you will be able to earn an incredible amount of profits on your own! Whenever you try something for the first time you are bound to make mistakes and mistakes in trading means that you are losing money! That is why having Option Navigator software is what you need!
+Adam Sanchez actually, i tried to google the interviewees from the show. it turns out that they do exist, but their job titles and serving firms are not relevant or closed to what they were doing in the film. so, either this documentary if a story film, or they are changing their paths now..
Zoe Liang Care to share some of your findings?
from linkedin..
+Zoe Liang what about the guy that raced cars?
rather funny how the people in the video are no more more than paid lackeys hamming it up. 30:30 case point.
24' : I can't understand why a businessman, a man who's life IS business, flying over to London from Istanbul, doesn't already own a suit that looks great for his meeting the following morning. One guess is, the weather in Istanbul is hot, and the dress code is casual. So he's been stuffing his face; packed on a few pounds and this last minute meeting requires a new bespoke, because he's outgrown his wardrobe.
Okay...maybe that's it. Good for her. Perhaps she's been sending him cakes?
CANTER FITZGERALD ... the CEO that was on the news on 9/11 and then crying for MONEY because his financial firm couldn’t meet their financial obligations???
It wasn’t just him asking for money for the 9/11 families.
$80k on 10 tables??? Wow. 🙄😒
Right...I hope nobody actually believes that a financial trader making that much money doesn't even know how to spell the word 'practice'.
If people are stupid enough to play the stock market when they know it's this crooked then they deserve to lose.
Definitely not justified and not fair, either. Seems that's the way things will always be, though...
I am about to be employed as a trader in London thanks to my excellent personal trading history.
Some people can not take it like you Polly... it is understandable. Most traders are male because they have that aggressive gambler/risk taker in them, that attitude drives a trader to do long hours.
I think the money paid out is justified...but is it fair? Depends how you view it. I think it is the fault of the system itself. The system is broken which allows bonuses to be justified. If you want this to stop then change the system, until then... enjoy.
Really ?
You are going to make other people rich instead of yourself ?
*****
Yes , because that's the way the thing's go , i make money for you , you give money to me :) all the world it's based on that
+dio rocks , your subscribers wont pay you a 20 million bonus :)
Lol , how much are you selling those trades for ?
Ouh , thats a nice way of making money
This sounds like a nice business glad for you
What markets are you trading ? Give me some details this business sounds interesting
normally traders who work for a bank cannot make money trading for themselves. haha
when the shit hit the fun the poor pay the price
Back to the City? NO. NEVER. I have my life back now... sorry.
Well see how wealthy they are after Brexit