Fabrice "Fabulous Fab" Tourre To Teach Economics Class At University of Chicago

Tyler Durden's picture

Submitted by Mike Krieger of Liberty Blitzkrieg blog,

Just in case you thought for a second that the sorry discipline we call economics couldn’t stoop any further into the gutter of academic idiocy and irrelevance, think again. It’s now being reported that ex-Goldman Sachs trader Fabrice “Fabulous Fab” Tourre (recently convicted on six counts of securities fraud) will be teaching an honors economics class at the “prestigious” University of Chicago.

There’s nothing like an esteemed University setting the already culturally accepted example that ethics are for suckers. Stealing, cheating and corruption are the values most exalted in today’s world. It doesn’t matter how you achieve your wealth, as long as you attain it. After all, it’s not as if you’ll ever get in trouble for it as long as you work for a “Too Big to Jail” bank.

From the UK’s Independent:

Fabrice Tourre, the former Goldman Sachs trader convicted on six counts of securities fraud six months ago, will teach an honours class in economics at the University of Chicago this spring.

 

Mr Tourre’s weekly Thursday afternoon seminar, called “Elements of Economic Analysis”, is part of his studies for a PhD in economics, after he completed a masters in operations research at Stanford University.

 

Last August, a federal court found “Fabulous Fab”, as he famously styled himself in emails to his girlfriend, liable for six of seven counts of securities fraud relating to the Abacus 2007-AC1 mortgage-linked collateralised debt obligation.

 

At the time, The New Yorker magazine wrote that Mr Tourre was the “only Wall Street banker to be found guilty of any charges having to do with the financial crisis” of 2008.

Don’t worry Fab, modern economics essentially bases its principles on your behavior. A match made in crony heaven.

Full article here.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Ahmeexnal's picture

Gaydar app just went off on this moron's pic.

thunderchief's picture

Can I get a degree in Blackjack?

Is it pre Med or Pre Law?

Who pays their kids to attend this shit anymore?

Stuart's picture

Lets hire the guy who broke and entered your home as head of security because he is now so familiar with the layout and security features.... makes perfect sense.

Everyone run away from anyone graduating from the University of Chicago!

Manthong's picture

He should be teaching creative uses for reciprocating saws, latex and lube at Northwestern instead.

http://www.outsidethebeltway.com/northwestern-university-live-sex-show/

Divided States of America's picture

I guess Fab wont mind when I blatantly cheat on the exam in his class.

Bangin7GramRocks's picture

So being a Goldman paper hustler for 5 years qualifies you to teach economics in one of the most prestigious departments on the country? They really do rule the world huh!

economics9698's picture

They brainwash them pretty good up there.  I know one of the students, a complete turnaround from decent human to money grubbing con artist.  Reminds me of a dog in heat now.

MeelionDollerBogus's picture

only AFTER you get caught for Fraud. if you're not caught you get to run a central bank for any number of nations you can select from.

Thought Processor's picture

 

 

Wait, are you all saying that Chicago is corrupt????

 

With it's long, long history of big oil and underworld power brokers what on earth would make you say that?

 

 

rayduh4life's picture

Shocker! Not.  The University of Chicago is a Rockefeller founded/funded institution.  However, I doubt The Fab has anything on Michael Milken.  Of course Milken working back in the olden days where it was possible to not only have a losing day of trading but also a losing quarter only had 4 losing quarters in 17 years of trading.  Milken now operates the largest Education Management Organization - the privitization of school admin.  Some guys just never can leave the tit.

Idiocracy's picture

Yup, he'll be working at the Fed as a strategic advisor within 10 years

macholatte's picture

 

 

Chicago! Chicago! It's my kinda town.

midtowng's picture

I bet he teaches the Laffer Curve and trickle-down economics.

falak pema's picture

Milton Friedman, Alan Greenspan and fab Fab ! 

Maybe Blythe will join him one day ! 

Grande Tetons's picture

Never gonna happen...Fab will get the hook just like Blythe. 

NeedleDickTheBugFucker's picture

First, the constitutional law professor in chief and now Fab Fabrice.

Quite the line-up of guest instructors at UofC.

 

knukles's picture

Used to be considered a top notch school.
In a great town.

Hah ha ha ha ha ha

Fuck the 1%

MeelionDollerBogus's picture

At some point they're gonna feel morally obligated to offer  a teaching position to Satan.

youngman's picture

Well at least you know you can bribe him for a better grade....

slotmouth's picture

Where do I enroll?

rtalcott's picture

Didn't barry teach Con law there?

Dr. Venkman's picture

No. . .he guest lectured about race-baiting and rabble-rousing. Feel free to correct anyone who says otherwise.

 

swass's picture

Seeing as our president and many of our country's great (swindlers) came out of Chicago, this shouldn't be terribly surprising.

Double R's picture

Those who can, do; those who can't (any longer), teach.   :-)

 

I would put it as simple as that.


tickhound's picture

It's true. Steal $1k and you're a felon. Steal $millions and you're a freaking hero worthy of a new assignment.

Angelo Misterioso's picture

the guy was a jr salesman caught between Paulson and Goldman's desk - he's purely a scapegoat Goldman cut loose....not to say he could not have stepped forward at the time and said something doesn't seem right but then so could 100,000+ other people all around the world...

Joebloinvestor's picture

What they don't say is that he is teaching it in French as that is where the real suckers are.

Speak the local lingo and you can sell shit to anybody.

Why do you think GS hired him?

thunderchief's picture

Academia face booked...

I mean Cliff noted...

No just plagiarize..

I mean Cheat!

I take that back. win, win win!

Colonel Klink's picture

One can only hope some anoymous "cat" hunts him down on the street.

pashley1411's picture

kind of like a porn star teaching home economics.    So is this an advanced course in finding the BS in financial statements?

LawsofPhysics's picture

Well, there is definitely an art and skill to pulling off the perfect CON.

My god, roll motherfucking guillotines already...

BringOnTheAsteroid's picture

Who do you expect to roll out the guillotines. We are way, way past the rule of law. This will not stop until violent revolution but given that many of those aware of the situation are pissing time up against the wall on forums like this it's going to a long slide into oblivion for society as we know it. When bankers, lobbyists, law makers, regulators, lawyers start getting taken out you'll know society is finally starting to mend as horrible and hypocritical as that sounds. This is the human way, it's the only way because sociopaths and psychopaths are very nasty people who would return your love and compassion with a ice pick in the face.

Imagine the irony if the emergence of religion with it's pacifist, love your enemy, obey the rules you good little boy and you'll go to heaven results in sociopathic superclass that turns this world into a living hell. The irony, the superb irony. I'd argue this has already happened, just look at us, not one single person throughout the grandest theft in history has said "fuck this" and taken action. Even Fab can walk the streets as if nothing has happened.

Welcome to hell people.

Bam_Man's picture

They will also temporarily give him the "Alphonse G. Capone Chair for Economic and Social Justice" while he is there.

kchrisc's picture

The offer: Take the fall, keep your mouth shut, and you will be rewarded. Otherwise you'll have a nailgun "accident."

 

"Lost and Found: Lost, pols, crats and bankster heads. Found, Liberty and dignity."

ebworthen's picture

Hey, those kids need to know how to shakedown retirees and drain Grandma and Grandpa's pension funds if they're going to get ahead in life.

Yen Cross's picture

 

    He'll be right at home with mayor 'Ram E. Manhole'... They can do the bath-house circuit together.

  Hell, they can have TOTUS fly in for weekend 3somes...

 

PontifexMaximus's picture

Is 200 west coming up for l'argent de poche?

venturen's picture

HE CAN BECOME PRESIDENT THEN?? It worked for Obama!

Inthemix96's picture

Jesus fucking Christ himself weeps,

One of the symptoms of an approaching nervous breakdown is the belief that ones work is terribly important.  Bertrand Russell

We are genuinley, spot on, on the money, truly, fucked.

I find it almost hard to believe the shit I read.  Inthemix96

:-(

Colonel Klink's picture

Fabulous Felching Fabrice now teaches eCONomics at a university in one of the most corrupt cities in America!

Just shows how shit always lands on its feet in the new 'Murika.

 

For the uninformed: http://www.urbandictionary.com/define.php?term=felching

Troy Ounce's picture

 

Fuck it Americans, you have no shame. Your twisted society MUST implode but only after everyone has been financially raped, shot, send to a mental institution, shot again, kicked, mutilated, shot for the third time and buried alive after signing a life insurance policy.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Agent P's picture

I look forward to my next solicitation call from the Booth School endowment fund.  We have some things to discuss. 

Icewater Enema's picture

Right on AP. First shilling for BO, now shit like this. I have better things to do with my money.

Radical Marijuana's picture

Recently, Zero Hedge has been on

its drum roll of publishing articles!

"No matter how cynical you get,
it is impossible to keep up."
-- Lily Tomlin