So-called "trader talk" can be pretty rough. After all, Wall Street can be stressful (especially lately).
But, when you are the CEO of a major financial services company, you are expected to keep your language PG.
Well, Steve Schwarzman -- who is the CEO of The Blackstone Group, L.P. (NYSE: BX) -- perhaps didn't get the memo. Actually, maybe he thinks he still runs a private firm.
In a recent investor conference, Schwarzman was quite colorful in describing it's aborted $1.7 billion buyout of PHH Corp. (which got ensnared in the subprime mess).
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