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Old 02-17-2014, 11:03 PM  
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1% Jokes and Plutocrats In Drag: What I Saw When I Crashed a Wall Street Secret Socie

Some journalist managed to sneak into an initiation ceremony for Kappa Beta Phi: a frat party for the 1%

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Recently, our nation’s financial chieftains have been feeling a little unloved. Venture capitalists are comparing the persecution of the rich to the plight of Jews at Kristallnacht, Wall Street titans are saying that they’re sick of being beaten up, and this week, a billionaire investor, Wilbur Ross, proclaimed that “the 1 percent is being picked on for political reasons.”
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After cocktail hour, the new inductees – all of whom were required to dress in leotards and gold-sequined skirts, with heavy stage makeup – began their variety-show acts. Among the night’s lowlights:
• Paul Queally, a private-equity executive with Welsh, Carson, Anderson, & Stowe, told off-color jokes to Ted Virtue, another private-equity bigwig with MidOcean Partners. The jokes ranged from unfunny and sexist (Q: “What’s the biggest difference between Hillary Clinton and a catfish?” A: “One has whiskers and stinks, and the other is a fish”) to unfunny and homophobic (Q: “What’s the biggest difference between Barney Frank and a Fenway Frank?” A: “Barney Frank comes in different-size buns”).
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Old 02-18-2014, 07:23 AM   #2
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