Inside Wall Street's most secret society: The billionaire banker fraternity where cross-dressing new members make jokes about Hillary Clinton and drunkenly mock the financial crisis
- Kappa Beta Phi was founded in 1929 and has remained secret for more than eight decades
- One reporter managed to sneak into their January 2012 induction for new members
- Witnessed them dressed in drag, telling jokes in bad taste and mocking Main Street and the bailout
REVEALED: MEMBERS OF WALL STREET's SECRET SOCIETY
Wilbur Ross: Grand Swipe - American Investor estimated by Forbes in 2011 to be worth $1.9 billion
Alexandra Lebenthal: Grand Swipe from 2003 - 2004 - President and CEO of the municipal bond franchise Lebenthal & Company
Peter Kellogg: Grand Swipe from 1999-200: Businessman and philanthropist with a net worth estimated by Forbes at around $2.3 billion
Michael R. Bloomberg: Former Mayor of New York City and business magnate worth who is the 13th richest man in the world with a fortune of $31 billion
Laurence Fink: chairman and chief executive officer of BlackRock - the largest money-management firm in the world with assets of $3.5 trillion
Paul Tudor Jones: The founder of Tudor Investment Corporation estimated to have a net worth of USD 3.6 billion
Full article HERE
Alexandra Lebenthal: Grand Swipe from 2003 - 2004 - President and CEO of the municipal bond franchise Lebenthal & Company
Peter Kellogg: Grand Swipe from 1999-200: Businessman and philanthropist with a net worth estimated by Forbes at around $2.3 billion
Michael R. Bloomberg: Former Mayor of New York City and business magnate worth who is the 13th richest man in the world with a fortune of $31 billion
Laurence Fink: chairman and chief executive officer of BlackRock - the largest money-management firm in the world with assets of $3.5 trillion
Paul Tudor Jones: The founder of Tudor Investment Corporation estimated to have a net worth of USD 3.6 billion
Club: Former New York Mayor Michael Bloomberg is
listed as a member of Kappa Beta Phi - although Roose did not witness
him at the January 2012 induction of new members
Exalted company: Alan "Ace" Greenberg, former
Bear Stearns Chairman and CEO in 2008 - was still attending Kappa Beta
Phi, a secret society for elite Wall Street financiers in 2012 as was
Marc Lasry - who has donated to President Barack Obama
. . . the lyrics were changed to include
the line, 'I believe that God has a plan for all of us. I believe my
plan involves a seven-figure bonus.'
Busted: Michael Novogratz, (left) principal of
Fortress Investment Group LLC, and co-chief investment officer of the
Fortress Macro Fund caught Kevin Roose in the act while Ted Virtue
(right) told some off-color jokes as he was inducted
Full article HERE
One-Percent Jokes and Plutocrats in Drag: What I Saw When I Crashed a Wall Street Secret Society
A Kappa neophyte (left) chats up a vet.
The 2012 Kappa Beta Phi neophyte class.
The grand finale, a parody of "I Believe" from The Book of Mormon
Full story HERE
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