By Tiffany Kary, Bloomberg News
As U.S. officials and bank executives scrambled to save the global financial system after Lehman Brothers’s bankruptcy in the fall of 2008,Citigroup Inc.traders were doing what traders always try to do.
“Ringing the register, homey,” Thomas Giardi, a trader in the bank’s credit derivatives trading unit, said in a chat message at 6:40 a.m. on Sept. 17, two days after Lehman’s bankruptcy. Subject line: “YOU MAKING $$.”
His gleeful boast -- along with at least a dozen from others -- came as Citigroup’s top traders were furiously trying to deal with thousands of ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.