As part of his research for the book, Roose managed to infiltrate a secret meeting of a Wall Street fraternity, known as Kappa Beta Phi. The fraternity’s membership rolls include high powered banking executives, CEO’s, Hedge Fund managers and other Wall Street tycoons. What Roose saw and heard during that event will make your blood boil.

In an except from the book, published online by New York Magazine, Roose describes a scene in which more than 200 of world’s wealthiest financial executives, performed songs and skits mocking the 99 percent and the financial crisis they caused.

Roose was eventually discovered, but not before he got a number of photos, along with audio of some of the proceedings.

Roose’s audio and photos reveal the degenerate nature of Wall Street tycoons.

New members of the fraternity are referred to as ‘neophytes.’ They’re required to dress in drag. The neophyte costume includes leotards, sequined skirts and wigs.

2012 Kappa Beta Phi neophyte class dressed in drag.

Here the group is dressed as members of the Mormon religion. They performed a parody of the Book of Mormon, set to the tune of ‘I believe.’

Wall Street secret fraternity singing a parody of Mormon hymn “I Believe.”

Here’s the audio of the ‘I believe’ parody, performed by Wall Street millionaires. It’s very difficult to make out some of the words, but “I work on Wall Street,” and “Wall Street, I believe,” comes through loud and clear, as does the line “I believe that God has a plan for all of us. I believe my plan involves a seven-figure bonus.”

 The leader of the Wall Street fraternity recently claimed the one percent are ‘being picked on.’

Wilbur Ross, a billionaire investor who recently said that the “one percent are being picked on for political reasons,” in an interview with Bloomberg TV, is the leader (Grand Swipe) of Wall Street’s  Kappa Beta Phi fraternity. As the leader, Ross made the opening remarks.

Here’s the audio of Ross’s opening speech:

Billionaires mock liberals, the 99 percent and make a joke out of the financial crisis.

Roose recounts a skit, performed by a top executive from the Blackstone Group, Bill Mulrow, and a hedge fund manager with Tiger Infrastructure Partners, Emil Henry. The skit portrayed a scene where a raggedy ‘liberal radical’ exchanged lines with a member of the one percent.

“Bill, look at you! You’re pathetic, you liberal! You need a bath!” Henry shouted.

“My God, you callow, insensitive Republican! Don’t you know what we need to do?

“We need to create jobs,” Mulrow shot back.

A finance parody of the Village Players “YMCA,” was performed by David Moore, of Moore Holdings, billionaire hedge fund managers Marc Lasry and Keith Meister.

There were sexist jokes from two private equity executives, Paul Queally and Ted Virtue.

Investment banking CEO Warren Stephens took the stage, to sing about the financial crisis, while wearing a confederate hat.

“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.”

 All of this while they laughed hysterically, and gorged themselves on expensive food and drink.

Roose states that the last performance he witnessed was a ‘self-congratulating,’ number, set to the tune of ABBA’s ‘Dancing Queen’. The song’s lyrics were changed to ‘Bailout King.’ It was the sort of stand up routine that 99 percent of society would not find funny.

Wall Street executives have lost touch with reality.

Needless to say, when Roose was discovered, there was a full blown panic among those in attendance. It’s one thing to mock every day people in the company of those who think and act like you. It’s something else when audio and pictures of you doing the despicable things you do, get released to the public.

Roose released the entire membership rolls of Wall Street’s secret fraternity. The rolls include executives from almost every major bank, private equity firm and hedge fund. The names of some former government officials, lawyers, CEO’s and billion dollar corporations (like Home Depot) can also be found on the membership list.

According to Roose, the events left him with the distinct feeling that:

“the upper ranks of finance are composed of people who have completely divorced themselves from reality. No self-aware and socially conscious Wall Street executive would have agreed to be part of a group whose tacit mission is to make light of the financial sector’s foibles. Not when those foibles had resulted in real harm to millions of people in the form of foreclosures, wrecked 401(k)s, and a devastating unemployment crisis.”

For a complete list of Kappa Beta Phi members, click here.