Tuesday, February 24, 2015

wall street refugee

I a little past 8pm last night, kevin came out of the apartment office and started messaging furiously over his macbook pro, simultaneously reading a lengthy article on bloomberg. alerted by this somewhat abnormal behavior, i asked him what was going on?

apparently a writer at bloomberg, who had been hounding kevin, his current, and former colleagues, finally published the article he had been working on for months that evening. the title was "meet wall street refugees running bonds at freddie mac".

the article was filled with suggestive, yet unfounded innuendos, inaccuracies, and some outright errors. it is unclear why an editor would approve an article like this, which skirts around any real substance or an interesting angle, but it definitely cast a shadow over their team and processes.

it has now been nearly one year since kevin made the difficult decision to leave his career of 12 years at citigroup as a sell-side mbs trader to join freddie mac as part of a team which manages its $400 Bn mortgage portfolio. the transition required a bit of faith, patience, and flexibility, but my wall street refugee has far less political office nonsense, overnight stress, and work-related travel these days, and is happier as a result.

there is light at the end of the tunnel.

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