Liquidated Quotes

“Investment banking practices promoted a surge of predatory lending to originate loans and created a market for buying bonds based on them.”
― Karen Ho, Liquidated: An Ethnography of Wall Street

“Wall Street's contradictory approach to shareholder value and bull markets sets the stage for a financial crisis.”
― Karen Ho, Liquidated: An Ethnography of Wall Street

“Investment banks are pressured to create hype and stimulate "investor appetite.”
― Karen Ho, Liquidated: An Ethnography of Wall Street

“The premise of accepting a job at an investment bank is the understanding that you are "rewarded" for the risk of taking on a job that is not a career but rather a "financial relationship" where you must be worth more than what you are being paid today.”
― Karen Ho, Liquidated: An Ethnography of Wall Street

“In a world where corporations are foremost concerned with stock prices, the primary beneficiaries of this conflation are the institutions aligned with the stock market and their executives”
― Karen Ho, Liquidated: An Ethnography of Wall Street

“The person is made up of flexible collection of assets; a person is proprietor of his or her self as a portfolio”
― Karen Ho, Liquidated: An Ethnography of Wall Street

“Hegemony is not only hard work but also boastful.”
― Karen Ho, Liquidated: An Ethnography of Wall Street

“Investment banks induce corporations to cater, even manipulate, their balance sheet and other financial numbers to meet Wall Street expectations”
― Karen Ho, Liquidated: An Ethnography of Wall Street

“Globalist proclamations can be seen not as mere disposable rhetoric but as an ideology with the force to shape a firm's perception and goals.”
― Karen Ho, Liquidated: An Ethnography of Wall Street

“For years, we have been told that bankers were paid so much because they were cleverer than the rest of us. Now, it turns out you were not clever at all, and we are all suffering for your stupidity.”
― Karen Ho, Liquidated: An Ethnography of Wall Street

“Investment banker's approaches to downsizing and financial markets are inseparable from the structures and strategies of their own workplaces. Lay offs and job insecurity are integral to the fabric of investment banks”
― Karen Ho, Liquidated: An Ethnography of Wall Street