Sunday, July 8, 2007

Iraqi Banking

Did you check when my last post was? Well, I can't believe it myself but I'm finding it hard to find quality BANKER jokes on the Web. I stumbled upon this one from Pardon me, guys, if this has some racial content. I told you, there are not that many good banker jokes around:

An Iraqi goes to the bank to get his salary from a French Company. The Saudi manager of the bank asks him to sign on the back of the check.

"That's humiliation," shouts the Iraqi, "why should the French sign on the front and I sign on the back. I want my money NOW!"

The Saudi refuse to pay him and the Iraqi keeps shouting in the bank then the American high manager comes with a 5kg. hammer and knocks the Iraqi on the head.

After 5 minutes the Iraqi wakes up, signs the back of the check and gets his money. The Saudi clerk goes to the Iraqi and asks, "Tell me why you didn't sign the check the first time but signed it later on?"

The Iraqi said, "You missed the point, you just told it to me, but the American explained it."

(Photo credit:

Sunday, July 1, 2007

The Investment Banker and the Wall Street Trader

The advent of computers in the 1970s and 1980s made trading in stocks and bonds profitable business on Wall Street. The rising importance of trading, however, precipitated a culture clash among sophisticated Ivy League-educated investment bankers and the traders, whom the former considered inferior (note: some early traders did not even finish college). Here's a slightly edited joke that captures this, from

An INVESTMENT BANKER and a Wall Street trader went to the races. The trader suggested to bet $10,000 on a horse. The investment banker was sceptical, saying that he wanted first to understand the rules, to look on horses, etc. The trader whispered that he knew a secret algorithm for the success, but he could not convince the investment banker.

"You are too theoretical," the trader said and bet on a horse. Surely, that horse came first bringing him a lot of money. Triumphantly, he exclaimed: "I told you, I knew the secret!"

"What is your secret?" the investmet banker asked.
"It is rather easy. I have two kids, three and five year old. I sum up their ages and I bet on number nine."

"But, three and five is eight," the investment banker protested.
"I told you, you are too theoretical!" the trader replied, "Haven't I just shown experimentally that my calculation is correct?!"

(Photo credit:

Preview: Investment Banker On Life blog