People love making jokes out of other people’s misery, and certainly the Greg Smith resignation op-ed was a miserable situation for Goldman Sachs.
So naturally, the WSJ reports, bond traders are making Goldman jokes left and right. They’re having an especially good time with ‘Muppets’ — the name Smith said Goldman traders had for their clients. Here’s the gag:
…bond traders on Thursday…(came).. up with a new name for a Goldman debt deal that comes due in 10 years. The debt is now being referred to as “the Muppet 22s.”