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| Wall Street on the Rag - Kappa Beta Phi Secret Drag Club |
To kick off the
fraternity’s 80th dinner, investment banker Wilbur Ross (known as the group’s
“Grand Swipe”) welcome the crowd with a speech that emphasized the “importance
of continuous drinking, both in bull markets and bear markets” and mocked the
better-known academic honor society Phi Beta Kappa as homosexual wimps. Later,
when the inductees performed in drag, some in the audience threw wine-soaked
napkins at them.
Among
them were RBC Capital Markets executive Rich Tavoso, who warbled an off-key
parody called “Mama, Don’t Let Your Babies Grow Up To Be Traders” and was
booed. Private equity executive Paul Queally cracked bad jokes, both sexist
(“What’s the biggest difference between Hillary Clinton and a catfish? One has
whiskers and stinks, and the other is a fish”) and homophobic (“What’s the
biggest difference between Barney Frank and a Fenway Frank? Barney Frank comes
in different size buns”). At the time of the dinner, Frank was a powerful
member of the House Financial Services Committee and the namesake of the
Dodd-Frank legislation that more tightly regulated Wall Street.
And
investment banking CEO Warren Stephens donned a Confederate flag hat and sang a
parody of “Dixie” with the lines:
“In
Wall Street land, we’ll take our stand, said Morgan and Goldman. But first we
better get some loans, so quick, get to the Fed, man.”
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| Before Changing into Victoria Secret Panties Bras and Dresses, Dresses, Dresses |
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