"Corruption is rife" city insider reveals all

[TonyGosling]

....Part of my unofficial role as assistant to the partners was to pick up their drugs, for which I was tipped in cash as though I were a shoeshine boy outside Moorgate station. Coke was just another way to flash one's wealth, as well as get the same buzz after the market shut that trading provided during the day. For all that everyone loved the moment they closed out a winning position, there was a postcoital depression that is the curse of gamblers of every persuasion. Drugs and drink filled the void. Though doing coke during office hours was generally frowned upon, a hard drinking session over lunch was laughed off by the other brokers, even when it caused people to fall asleep at their desks or be so addled that they hit "buy" instead of "sell" when dealing on the screens. In the City, excess was to be admired and blind eyes were turned to any indiscretions - so long as the guilty party was a financial asset to the firm in the wider scheme of things............

Great stuff from the Guardian here. The proper stuff - more of the same please!!

...the innate corruption of the Square Mile...
as a slight tangent to Banking Collapse? Coming to a Branch Near You!

Tricks of the traders
What's the rarest commodity on the stockmarket? Honesty. A former broker exposes the corruption, greed and insider dealing endemic in the City

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http://www.guardian.co.uk/business/2008/may/03/stockmarkets.investing