Stock Traders Forced to Wear Stupid Clothing As Penance
Karma Police
 

Are we done with all these pictures of Wall Street types pinching the bridge of their nose or with their hands over their mouths as if to say "the world is on fire and it smells like sulfur?"

Brokers need to put their hands over their mics to make bids, which kind of makes it seem like they are yawning or gasping but it's a normal occurrence and it does not necessarily mean that all brokers/financiers are having a meltdown and are thisclose to killing themselves and their families, except for that one guy in LA who did just that. As for the nose-pinching? Well: sinus infections are rampant this time of year.

It's embarrassing enough to be caught by some random photog in a private moment of banker shame, but do the snark blogs have to call you on it as well? New York mag couldn't help themselves at taking this potshot:

• The man above had his photo splashed on the Times homepage almost all day. Now, in addition to being sad at losing a lot of money, he must be embarrassed, not least because he was wearing that weird shirt with the net on it on this of all days. But at least he now has a shot at becoming microfamous!

Cute, except as a tipster pointed out, the mesh backing isn't that unusual:


Says our source:

"All floor traders wear those breathable suit jackets bc they are running around all day waving slips of paper in the air and its ab 5000 degrees on the floor"

A quick Google search confirms: There is a whole industry for Trading Jackets. Doesn't make it any less embarrassing, but at least that guy isn't alone. Keep strong, comrade!

Comments (2)

No. 1 · heather

wait, so wtf is the point? i mean, wouldn't it just make more sense to wear NO jacket than a half jacket that looks ridiculous?

Posted: Oct 7, 2008 at 6:57 pm · @Reply · [Flag?]
No. 2 · m

They wear the jackets to identify themselves as a floor broker, specialist, etc and the company they work for. They have worn them for years, get over it…it's not weird. It's just what they do.

Posted: Oct 8, 2008 at 2:16 pm · @Reply · [Flag?]
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