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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.

 

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Wed, 02/26/2014 - 15:59 | 4481459 Ahmeexnal
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Gaydar app just went off on this moron's pic.

Wed, 02/26/2014 - 16:02 | 4481473 thunderchief
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?

Wed, 02/26/2014 - 16:10 | 4481521 Stuart
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!

Wed, 02/26/2014 - 16:15 | 4481536 Manthong
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/

Wed, 02/26/2014 - 16:57 | 4481797 Divided States ...
Divided States of America's picture

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

Wed, 02/26/2014 - 17:28 | 4482018 Bangin7GramRocks
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!

Wed, 02/26/2014 - 17:51 | 4482122 economics9698
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.

Wed, 02/26/2014 - 18:21 | 4482248 MeelionDollerBogus
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.

Wed, 02/26/2014 - 18:40 | 4482315 CheapBastard
CheapBastard's picture

Madoff is his co-professor.

Wed, 02/26/2014 - 16:14 | 4481537 Thought Processor
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?

 

 

Wed, 02/26/2014 - 18:18 | 4482234 MeelionDollerBogus
MeelionDollerBogus's picture

What? Couldn't be safer!

LOL

Wed, 02/26/2014 - 22:25 | 4483135 rayduh4life
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.

Thu, 02/27/2014 - 02:21 | 4483618 Idiocracy
Idiocracy's picture

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

Wed, 02/26/2014 - 16:12 | 4481530 macholatte
macholatte's picture

 

 

Chicago! Chicago! It's my kinda town.

Wed, 02/26/2014 - 16:14 | 4481538 midtowng
midtowng's picture

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

Wed, 02/26/2014 - 17:28 | 4482020 rotagen
rotagen's picture

Eurotrash Queerbait.

Wed, 02/26/2014 - 16:00 | 4481462 falak pema
falak pema's picture

Milton Friedman, Alan Greenspan and fab Fab ! 

Maybe Blythe will join him one day ! 

Wed, 02/26/2014 - 16:02 | 4481475 Grande Tetons
Grande Tetons's picture

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

Wed, 02/26/2014 - 16:00 | 4481467 NeedleDickTheBu...
NeedleDickTheBugFucker's picture

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

Quite the line-up of guest instructors at UofC.

 

Wed, 02/26/2014 - 16:05 | 4481487 Ahmeexnal
Ahmeexnal's picture

Steven Seagal is about to impeach Ogolfer:

http://www.youtube.com/watch?feature=player_embedded&v=FWZ4HPAdTew

Wed, 02/26/2014 - 16:06 | 4481490 knukles
knukles's picture

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

Hah ha ha ha ha ha

Fuck the 1%

Wed, 02/26/2014 - 16:54 | 4481778 MeelionDollerBogus
MeelionDollerBogus's picture

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

Wed, 02/26/2014 - 16:01 | 4481468 youngman
youngman's picture

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

Wed, 02/26/2014 - 16:02 | 4481477 slotmouth
slotmouth's picture

Where do I enroll?

Wed, 02/26/2014 - 16:02 | 4481478 rtalcott
rtalcott's picture

Didn't barry teach Con law there?

Wed, 02/26/2014 - 16:11 | 4481526 Dr. Venkman
Dr. Venkman's picture

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

 

Wed, 02/26/2014 - 16:03 | 4481480 swass
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.

Wed, 02/26/2014 - 16:04 | 4481485 Double R
Double R's picture

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

 

I would put it as simple as that.


Wed, 02/26/2014 - 16:07 | 4481503 knukles
knukles's picture

Or govern

Wed, 02/26/2014 - 18:29 | 4482273 tickhound
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.

Wed, 02/26/2014 - 16:05 | 4481488 Angelo Misterioso
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...

Wed, 02/26/2014 - 16:05 | 4481489 Joebloinvestor
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?

Wed, 02/26/2014 - 16:06 | 4481491 thunderchief
thunderchief's picture

Academia face booked...

I mean Cliff noted...

No just plagiarize..

I mean Cheat!

I take that back. win, win win!

Wed, 02/26/2014 - 16:06 | 4481492 williambanzai7
williambanzai7's picture

Wed, 02/26/2014 - 17:04 | 4481643 Colonel Klink
Colonel Klink's picture

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

Wed, 02/26/2014 - 16:07 | 4481500 pashley1411
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?

Wed, 02/26/2014 - 16:14 | 4481543 LawsofPhysics
LawsofPhysics's picture

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

My god, roll motherfucking guillotines already...

Wed, 02/26/2014 - 18:20 | 4482241 BringOnTheAsteroid
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.

Wed, 02/26/2014 - 16:16 | 4481545 Bam_Man
Bam_Man's picture

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

Wed, 02/26/2014 - 16:17 | 4481554 kchrisc
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."

Wed, 02/26/2014 - 16:19 | 4481562 ebworthen
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.

Wed, 02/26/2014 - 16:19 | 4481569 Yen Cross
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...

 

Wed, 02/26/2014 - 16:24 | 4481598 PontifexMaximus
PontifexMaximus's picture

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

Wed, 02/26/2014 - 16:25 | 4481604 venturen
venturen's picture

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

Wed, 02/26/2014 - 16:27 | 4481609 Inthemix96
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

:-(

Wed, 02/26/2014 - 19:02 | 4481611 Colonel Klink
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

Wed, 02/26/2014 - 16:30 | 4481624 Troy Ounce
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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wed, 02/26/2014 - 16:38 | 4481689 Agent P
Agent P's picture

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

Wed, 02/26/2014 - 17:16 | 4481943 Icewater Enema
Icewater Enema's picture

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

Wed, 02/26/2014 - 16:39 | 4481694 Radical Marijuana
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

 

Wed, 02/26/2014 - 16:46 | 4481724 monad
monad's picture

Is this part of his sentence? Mansion arrest + community service shagging coed sluts for grades so they can keep their taxpayer handouts? 

I see now that I'm in the wrong racket. I can change.

Wed, 02/26/2014 - 16:57 | 4481796 nakki
nakki's picture

I guess John Corzine was busy.

Wed, 02/26/2014 - 18:50 | 4482364 waterhorse
waterhorse's picture

I'm quite sure that FabulousFab is up to the task of teaching basic "Corzining". 

Wed, 02/26/2014 - 21:13 | 4482878 mumbo_jumbo
mumbo_jumbo's picture

waterhorse,

too fucking funny!!   well done!

i almost spit water on my screen. LOL

Wed, 02/26/2014 - 20:03 | 4482617 villainvomit
villainvomit's picture

he is busy....wondering why he is still alive and not being prison raped multiple times a day.

 

Wed, 02/26/2014 - 17:01 | 4481841 mrdenis
mrdenis's picture

his apprentice ....http://www.nj.com/morris/index.ssf/2014/02/police_chase_bank_financial_a...Chase Bank financial adviser stole $44,000 from 74-year-old client, 

Wed, 02/26/2014 - 17:21 | 4481968 wagthetails
Wed, 02/26/2014 - 18:22 | 4482252 Creepy Lurker
Creepy Lurker's picture

"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."

I guess Mike hasn't gotten the memo; wealth is the only virtue. All else is vice.

Wed, 02/26/2014 - 18:23 | 4482259 waterhorse
waterhorse's picture

Control Fraud 101?

Wed, 02/26/2014 - 18:41 | 4482321 MarsInScorpio
MarsInScorpio's picture

The full article has been pulled from the newspaper's web site.

-30-

Wed, 02/26/2014 - 19:29 | 4482506 rucunus
rucunus's picture

2014 students don't need the teaching, they're paying for that course with student loans...

Wed, 02/26/2014 - 20:20 | 4482666 nector_collecter
nector_collecter's picture

Truth is stranger than fiction....unbelievable

Wed, 02/26/2014 - 21:11 | 4482869 mumbo_jumbo
mumbo_jumbo's picture

wouldn't it be refreshing if all the students in his class just kept asking questions about how to lie cheat and steal like he did.

we live in opposite world.

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