amit-chatwani

Bankster-Bashing Book Bad for Timing, Great for Schadenfreude

Sheila · 10/16/08 12:50PM

The book-publishing industry is famously glacial. Who knew, for example, when Amit Chatwani sold his blog-based satirical book about high-livin' finance playboys, Damn It Feels Good to Be a Banker, that it would be released right in the middle of a financial crisismeltdown and looming recession? The book was released in August, and back in April—after the Bear Stearns debacle—Hyperion was already cheerfully promoting it by saying "the economy may fall, but bankers never do." But that was just the beginning."I'm kind of hoping that people will look at it as a sort of historical document, a parody of a world that existed until basically a moment after it came out," he told the New York Times yesterday. Bad timing, sure. Yet, the book sounds extremely useful in erasing any shred of sympathy we might have for bankstas: "Bankers talk about everything in financey terms," Mr. Chatwani said... "The way they talk about girls—a guy will say he's going to short a girl because, you know, ‘There's a lot of overvalue here.'" But now? Oh, ho ho—look who's overvalued now!

Wall Street Parody Now Just Sadly Ironic

cityfile · 10/16/08 07:25AM

The innocent victims of the financial crisis just keep piling up! The latest: LeveragedSellout blogger Amit Chatwani, whose book lampooning Wall Streeters, Damn It Feels Good To Be a Banker, was published by Hyperion in August and, not surprisingly, isn't exactly flying off the shelves. "Basically, I'm making fun of a class of people who most of the world still hates," Chatwani tells the Times, "but it's just not the same to kick them when they're down..."