Economy Go Boom
September 15th, 2008 by Evil Beet
Wall Street saw its worst day since the post-9/11 aftermath on Monday, with the Dow dropping 504 points on news that Lehman declared bankruptcy and Merrill Lynch was sold to B of A to avoid a similar fate itself. Here are some cute kittens to help you digest that news.
And I’m reading a lot lately about how those “greedy bastards” got what they deserved, and I feel like a lot of this venom is unwarranted. These people are my friends. I have an MBA, albeit the most underutilized MBA on the planet currently, but I spent years in school with these guys. I focused my studies on finance, thinking I wanted to become an investment banker, before realizing that I enjoy banking in theory and hate it in practice. But these guys working at Lehman and Merrill Lynch whose worlds are being upended right now? These are the guys who took me out and got me wasted and told me how hot I was and how awesome I was and made me laugh after my boyfriend dumped me and I thought the world was over. These are the guys who noticed me getting a little too skinny in the aftermath and brought me chocolate and encouraged me to eat it and reminded me that hot chicks have curves. These are the guys who finished my homework for me, no questions asked, when I was too depressed and emotionally wrecked to even think about doing it myself. And I covered for them when they got married, when their babies were born, when they were interviewing for their summer internships at Lehman and Merrill Lynch. These are good guys, and they have families, and if you think raising a family in Manhattan on $200K a year (and remember that half of that goes to taxes!) when you’re working 100 hours a week and still paying off school loans is a life of extreme luxury, think again.
So I’d just urge everyone to have a little compassion in the face of this, and remember that the folks impacted are not all nameless faceless evil gazillionaire playboys, but hard-working, caring, compassionate people with families, just like you. (Some of them are assholes. Those are the ones I’ve slept with. But the rest? Just nice dudes who deserve some compassion here.)
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Um, so they aren’t assholes until you bang them? Um, ok. And will you please decide whether or not you want to be skinny or fat once and for all and leave us out of it? Thanks.
Hi
Can I say it bothers me a little bit that you use the collective “guys” for everyone who is now losing their jobs because of the demis of the financial institutions? you said yourself you were studying for your MBA, so I assume there must have been OTHER WOMEN who studied with you and now face cirucmstances just as bad, if not worse (given sexist hiring practices, increased time to promotion for women, and the need for two incomes in a family).
Maybe they didn’t feed you chocolate, but I am sure they deserve your appeal for sympathy just as much as the guys.
Amen – you hit this one out of the park it was so spot on – it’s really inaccurate to blame anyone on Wall Street for the correction. People should notice that the problems in the housing market really originate with the government-run GSE’s – Fannie & Freddie. Chris Dodd & his buddies should be locked up for a long time. Anyone want to hold Obama accountable for an investigation – how about BEFORE you vote? :)
I for one, am glad you talk about other things than Brad Pitt and Jennifer Anniston. That’s why I come here. Your rants about your former college life and the crazy things you’ve done in the past are hilarious. The dog stuff, not so much-but like you said, it is your blog and you can do what you want. I guess what I want to say is that I visit because I never know what you’ll be talking about on any given day.
And that’s what I like best about you Beet.
Thanks for the laughs.
-Bee Hind
beet; the fact that you’ve now admitted to your MBA only makes you that much more fuckable in a conquest sense. guys everwhere are going to want to text their buddies the next morning to tell them what it was like plowing the fields of a true MBA that also has her own blog. i love how you don’t brag on yourself in any of your posts. you are super, super awesome and make me feel inadequate in your presence.
They look like sad, homeless, shelter kittens. =[
beet,
i have to disagree with here. most of these banks are going under because they dallied in sub prime loans.
in nyc, where i live, there is a serious mortgage crisis in working class communities where families and older folks either bought houses with these loans or refinanced their homes using them.
This is called predatory lending, by the way.
these people are now caught in a downward spiral of rapidly adjusting interest rates and we haven’t seen the worst yet. these folks don’t have their mba’s or daddy’s pocket books to fall back on.
so i say what goes around comes around.
omg!!! i want those kittens!! right now!!!!!!
i completley agree with everything that was said. well done.