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"Fabulous Fab" Fired From Financial Faculty
Just six brief days after we discussed the somewhat stunning fact that none other than Fabrice "Fabulous Fab" Tourre was set to each an economics course at the University of Chicago, it appears the prestigious school has had second thoughts. As WSJ reports, a university spokesman explained, "as preparations continue for the Spring Quarter, Fabrice Tourre will no longer be assigned as an instructor for Honors Elements of Economic Analysis," decling to comment on the specifics of the sudden change. We are sure there is an 'ethics' course that needs a TA.
Mr. Tourre, the former Goldman Sachs trader found liable for defrauding investors, will no longer teach an honors economics course to undergraduate students at the University of Chicago. The move is an abrupt change, considering Mr. Tourre , nicknamed as the “Fabulous Fab,” had been slated to begin teaching the course during the spring quarter, which begins later this month.
“As preparations continue for the Spring Quarter, Fabrice Tourre will no longer be assigned as an instructor for Honors Elements of Economic Analysis in the College,” Jeremy Manier, a university spokesman, said in an email to MoneyBeat. “Instead he will be able to fulfill the teaching requirements for his Ph.D. program through opportunities in his department’s graduate-level curriculum.”
Mr. Manier declined to comment on the sudden change.
Shame really... Still, who needs an economics class anyway?
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Who would teach fraud better than him?!
University of Chicago???? Where Barry O'tool taught constitutional law??
I guess one infamous graduate alumni is enough.
Is he going to receive a Goldma... errr... golden parchute?
yep
"I was a constitutional law professor, which means unlike the current president I actually respect the Constitution."
Barack Obama
Uh....OK....Whatever...
Barack has been lying his entire life.
He's perfect. We do need new titles though for those that teach fraud. May I suggest:
1) The Despicable - only one conviction.
2) Corozoner - multiple convictions.
3) Obamanest - the hat trick for the worst of the worst.
When his finishes his PhD, he will fit right in with other scheister economists like Krugman.
One thousandth of one percent of my faith in humanity has been restored. Long way to go though.....
You are obviously an optimist.
A shame it was such a great idea... they should have just delayed it for a year...
Well played, dude.....
I heard he had plans to leverage the coffee fund.
He ain't fit to teach the younguns soooo ...
just give him a Ph.D and send him on his way.... the Chicago way !
I would humbly like to think that the heated email I sent had some small impact. Grins!
Is that available on IPAD?
In Russian?
So here we go with a sample U of C MBA schedule abd Instructors for Fall 2014:
(everyone can play)
Business Ethics 101: Raj Rajaratnam
Symposium on Effective Organizational Structure: Stephen A Cohen
Advanced Topics in Accounting: Bernard Madoff
Principles of Systems Management: Kathleen Sebelius
Mergers and Acquisitions: Vladimir Putin
Advanced Crypto Derivatives Strategies:
Fonestar?
He'd do better in a religion class given his deification of Satoshi
Naw- Fonestar's mom.....
WB - does Janet know you still have her book?
Janitor: Ben Franklin.
I think there is nothing wrong with the man teaching economics classes...............in jail.
It has been said that people going to jail just become better criminals, so I guess that fits.
so when do we delivery the Nobel for Economics to Professor Madoff?
Looks like the smart-n-savvy people will be sending their kids to Harvard instead.
Tiffany, the Harvard faculty is outstanding. They are just like like us.
FYI...word on the street is that TULVING went dark today. If he goes BK then any deliveries in the past 90 days may be subject to clawback. Just one more con artist....
Tulving has had a thirty-year history of dirty dealings. Why in the fuck would anybody order anything from him???
That is a good question.
subject to non-delivery & a huge headache is more like it, lots of screaming.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/2/24_Is_A_Popular_Precious_Metals_Dealer_Stealing_Peoples_Money.html
http://golddealerreviews.com/reviews/gold-dealers/3-tulving
Tulving's web site is up. I never made an order so I wouldn't call to verify further details. Smells bad, going elsewhere.
I've had prompt & good delivery, everytime, from Silvergoldbull.com
Ya gotta have standards at the school where Obama taught ya know...
The University of Chicago. Where 'very large' donations put your name up in lights...
/cough
Booth School of Business
/cough
He got transferred to the french dept.
Ya gotta speak the lingo if you want to sell shit to suckers.
Why else do you think GS hired him?
Fuck you and your family "Fabulous Fab" Tourre you piece of dried up shit!!!!!!
So did he include this on his college application?
"The SEC sued Goldman and Mr. Tourre, then a vice president, in April 2010, alleging they misled investors on a collateralized-debt obligation called Abacus 2007-AC1that produced big losses for investors and big gains for hedge-fund firm Paulson & Co. A collateralized-debt obligation, or CDO, pools loans, such as subprime mortgages, with slices of the security sold to investors."
http://online.wsj.com/news/articles/SB1000142412788732447400457844508356...
And he will still be getting his PhD and teaching graduate-level courses. Wow. Unbelievable.
"But on August 1st a jury in a Manhattan federal court found him liable on six counts of securities fraud—including one of “aiding and abetting” his former employer, Goldman Sachs"
"Mr Tourre for his role in misleading investors about a complex security, called Abacus, which caused three financial firms to lose $1 billion. "
http://www.economist.com/news/finance-and-economics/21583286-verdict-aga...
I wonder what university will hire him as a professor?
but - he is a GENIUS - and he should teach. because modern investment banking is very simple, if you can understand it.
by low
sell high
in between - lie
Don't confuse a lack of morals and a willingness to break the law with genius. If he was indeed so intelligent, he could make a great deal of money without committing fraud.
When the 'market' is based on fraud, genius doesn't cut it.
Maybe Fabio here can start up a new bitcoin bank!
Here's how he should be fired - as a test shot for the rest of the criminal cartel.
Short range rock face or something.
Just a thought.
http://images.nypl.org/index.php?id=1653482&t=w
SPECTRE is hiring.
Went to U of C for six years as a graduate student in the early '80's. In recent years they've gone full retard on diversity. With the exception of Booth, which obviously has issues of its own, the place has morphed into a citadel of left-wing foppery. Having helped launch Barry, they'll never get a dime of my money. Sad.....
University of Chicago is a left-wing oriented economic school of thought? You won't find a more right-of-center economics department in the country with the possible exception of George Mason.
Hardly say the U of C eitehr is a 'left-wing foppery' either looking at who funds them from a corporate perspective.
ahhhmmm... you are about 10 to 15 years behind the curve.
MeBiz, next time take the course in effective reading. I said with the 'exception' of Booth.... And, yes, do take a look behind the curtains at some of their donars. What kind of place employs the Bamster, Wookie, and Jarrett???
If he has any sense, he hid his ill-gotten gains carefully.
He should be able to live well for the rest of his life.
If this is not the case, then he's no genius
Even the biggest free market pimps & pushers around wouldn't let him teach after the public outcry slammed them too much.
How does one teach "economics" these days?
Economics has become very "complicated" these days
Huh? He is eminently qualified to teach them yutes.
Fraud isn't just part of the system, it is the system! -Max Keiser
Maybe Andy Fastow or Jeff Skilling got out of jail and is available?
It is incredible that this guy put himself forward in the first place. All hubris, no shame and no sense.
Just looking in the Banksters Dictionary......
Shame........
Nope, looked all through 'S' - no reference to the word.
It sounds to me like someone at Goldman had a little talk with the Dean.
Like, we need to keep this guy buried you know. We can’t afford anymore credible high-profile truthiness from these guys who expose our business practices to the world. And, it just wouldn’t look right for us to hire any of your graduates who took his course, you know what I mean? I think you know what I mean.