Love them or hate them, according to BusinessInsider the Wall Street is chock full of some pretty insane tales.
Exhibit A: Bernie Madoff's offices in the Lipstick building were referred to by insiders as the "North Pole." After infamous Bernie Madoff was exposed by federal authorities for orchestrating a $50 billion ponzi scheme, there were some interesting revelations about the happenings in the upper echelons of the Lipstick building in Midtown Manhattan. According to a 2009 CNN report citing court papers, during the mid-1970s Madoff would allegedly send people out to go buy cocaine for company use. Because of the ridiculous amount of cocaine in the office it was dubbed by insiders as the "North Pole."
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Exhibit B: After receiving a government bailout, AIG execs were caught at a luxury resort in Arizona. Shortly after receiving a $85 billion government bailout, embattled AIG executives and employees spent time a posh resort for a conference in Phoenix, Arizona. At the conference, hotel staff told an investigative reporter they were instructed to "not say a word." What's more is there were no AIG logos in sight, which was reportedly done on purpose.
Exhibit C: A Merrill Lynch employee tracked fecal matter on the trading floor because of the crappy bonus situation. In January 2008, a guy in the fixed-income research division of Merrill Lynch was reportedly pissed off about the whole bonus situation. So what did he decide to do? He "inappropriately relieved himself" of course and let everyone else get a whiff of his sentiment
Exhibit D: More than a hundred Wall Streeters were arrested during a cocaine bust called "Operation Buy and Cry." A few months before the market crash of 1987, many on Wall Street were apparently on a real high. Earlier that year, Wall Street, which was rife with cocaine use, was hit with a drug crackdown so-called "Operation Buy and Cry." It was called that because when they would be caught buying the illicit drug, they would cry because they destroyed their careers, the Sun Sentinel reported.
What's even crazier is they were selling the drug for stocks and information…
Hot spit! Go on - read the rest at http://www.businessinsider.com/10-most-infamous-wall-street-storie-2011-11
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