Pain & Pleasure

http://news.prnewswire.com/DisplayR...STORY=/www/story/05-14-2009/0005026096&EDATE=

Laid off investment banker, Kaine Alozie, sets up a website to help other laid off investment bankers after months of fruitless searching himself. He is going to offer stuff for free so that he might get some nitwit to sign up for "cost effective" classes on DCF and LBO modeling. This guy who cannot get a job wants to help other people land a gig and he promises to teach you how to do it too. Well ... ... at least bubba gets points for trying to be "entrepreneurial". :D
 
http://online.wsj.com/article/SB124390425824574861.html

The best poor little ex-Wall Street guy article I have read so far. The WSJ does these human interest with an ample dose of financial realism articles well.

Recently, their oldest daughter asked Mr. Araya if the family would have to move. He told her he didn't know. She countered: "How much money do we need?"

"The way she looked at me," Mr. Araya says, "I could tell she was counting the money in her piggy bank." He went into the bathroom and cried. After a few minutes, he dried his eyes and walked back into the living room.
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But it ends with a note of caution to all the people out there who believe that pity is in order.

"It was a hard reality at first," he says. "I used to see unemployed people and think they were lazy, that it was all on them. Now it's happened to me."
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What is the world going to do with all these former Wall Street guys? :D
 
http://www.shanghaidaily.com/sp/article/2009/200906/20090603/article_402852.htm

Does anyone feel sorry for Zhou?

Even before the public heard about all the huge bankruptcies, Zhou had experienced the tension in the industry.

"Everyone in the office knew about it as rumors had been going around for a while, but nobody wanted to believe it or nobody wanted to speak it out," says Zhou.

"But, you can feel it. It gets quite nasty in the office."
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You don't say? :D
 
http://online.wsj.com/article/SB124450268338295907.html

Some applicants are walking away from good jobs. Abbas Manjee, a 24-year-old Melrose Park, Ill. native, said he turned down a promotion from Merrill Lynch in favor of a Teach for America classroom. Mr. Manjee says he's learned a lot from banking, "but I'm not fulfilled."
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Nonprofits say they are putting a premium on applicants with business backgrounds. The Peace Corps is trumpeting a fellowship program that helps volunteers pay for an M.B.A. after their service. The agency hired Shari Hubert, a former recruiter for General Electric Co. and Citigroup Inc., to overhaul its recruiting processes. One of her tasks is to meet a growing world-wide demand for people with expertise in microfinance and small-business development.
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There you go! Getting fired was a good thing. Now all these people can be fulfilled! And it is not just about personal fulfillment. The country that screwed up the global financial system wants to send out volunteers into the world to spread their knowhow.
 
http://online.wsj.com/article/SB124511318124517281.html

Now the rubber meets the road. When an uptick in hiring occurs and the unemployed banksters cannot land interviews or secure jobs, the truth will finally hit home. Poor babies, they just do not get it. If you can contribute to revenues immediately, you have a job no matter what kind of economy it is. The problem is, most of these unemployed poseurs come with nothing attached but an attitude of toxic entitlement.
 
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