Are IB people amoral?

Sephora w6kx1q
May 12 29 Comments

Who do so many of them go to jail? How does one make a conscious decision to participate in insider trading? Is it because the laws are murky and difficult to understand or is it just purely greed?

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TOP 29 Comments
  • Uber kisht
    IB?
    May 12 11
    • Visa EffOffBoy
      innie bellybuttons
      May 13
    • Capital One / Other xTrb96
      Internet Brotocol
      May 13
    • Bloomberg ib77
      Inglorious Bastards
      May 13
    • PayPal 401k_
      Indian Bro?
      May 13
    • Leanplum ballsacks
      Immaculate Broccolis
      May 13
  • Twitch / Eng
    Urgentpiza

    Twitch Eng

    BIO
    I'm black as the night
    Urgentpizamore
    Dude... Is your real estate agent immoral for convincing some poor scrub to buy your shit house for the highest price the market can match? Even if the agent knows your house is a sack of shit?

    Doesn't actually matter. The real estate agents job is to sell your house. Not to be moral.

    Same with ib people. Their sole job is to make their clients happy, or get sued by their clients. Morality isn't part of their job description.

    Makes the problem more complicated when the customer here is your pension plan funds and university endowment funds seeking to make a higher return on their money so that you can get paid more when you retire.

    Is it right for a banker to sell a piece of shit on a pension plans balance sheet to another ignorant investor at the highest price possible? Who the fuck knows
    May 12 6
    • Twitch / Eng
      Urgentpiza

      Twitch Eng

      BIO
      I'm black as the night
      Urgentpizamore
      I dunno. Hypothetical. I knew my house was leaking but asked the agent to cover it up and sell it. It was up to the buyer to do the diligence and find the leak. Buyer didn't, signed a non Conditional offer. Agent was so good, he got the buyer to bid 10 percent higher than asking. Now it's not my problem anymore.

      In this case, was the agent immoral? I dunno. I would say it's equally immoral for the agent to represent me and not sell my property at the highest price.
      May 13
    • Wells Fargo / Eng ostrich1
      Depends on law. Some states require property disclosure about leak so if you lied then you have liability
      May 13
    • Leanplum ballsacks
      Is it immoral to willfully conceal material information from a deal? Yes, because it amounts to scamming someone.

      No, the agent is not immoral if they object to scamming people on your behalf.

      Everything can be rationalized one way or another. Stop being dishonest by rationalizing your shady ways.
      May 13
    • Twitch / Eng
      Urgentpiza

      Twitch Eng

      BIO
      I'm black as the night
      Urgentpizamore
      If the law doesn't explicitly state that I'm doing something illegal, then it's not my problem. As the dude said in the movie margin call, we are selling products at fair market value, which is whatever the next person wants to pay for it.

      You as a buyer have the right to do diligence, that's entirely on you. If you want to forgo diligence to close faster, that's your problem, not mine. I'm not going to help you with your diligence plan when I have 5 other buyers lined up to buy it.
      May 13
    • Microsoft / Eng Stack๐Ÿ–•flo
      Lol Uregentpiza youre a sack of shit of a human being. You scammed someone selling your home. I hope the dirty money helps you sleep at night. Karma eventually has a way of catching up, trash like you have a way of making enemies instead of friends.

      Its called having morales, man. only psychopaths dont give a fuck when they screw another human over.
      May 14
  • ITT: people that donโ€™t understand the difference between amoral and immoral
    May 13 2
    • Bloomberg / Other FISTSlayer
      I bet you're like really smart - if only it mattered the slightest in this thread
      May 13
    • Apple py1
      Love the comment @Affirm!
      May 13
  • Leanplum ballsacks
    Because it's too easy
    May 12 0
  • Bloomberg / Other FISTSlayer
    Not many of them are amoral
    The finance industry is the most regulated of all, it's just that it has a big reach so when someone fucks up they fuck up big time and it makes the news
    Real estate or art dealing for example have corruption and side dealings many orders of magnitude above finance but it's less in the spotlight
    May 13 1
    • Bloomberg / Eng
      Fork()

      Bloomberg Eng

      PRE
      Amazon
      Fork()more
      Art dealing is home of some of the biggest money laundromats of the world
      May 13
  • Wells Fargo / Eng ostrich1
    Greed
    May 13 0
  • Bloomberg / IT h6f9g8s6k
    I thought you meant instant bloomberg ๐Ÿ˜ถ
    May 13 1
    • Twitch / Eng
      Urgentpiza

      Twitch Eng

      BIO
      I'm black as the night
      Urgentpizamore
      What's the short cut for that hot key?
      May 13
  • Bloomberg / Eng
    WPslayer

    Bloomberg Eng

    PRE
    Fidessa
    WPslayermore
    A comprehensive list of all the people hurt by insider trading:
    May 13 0