Wall Street Woes Hit Greenwich, CT

Sylwester Lemanski was this close to selling a $400,000 Lamborghini to a Wall Street investment banker.

The customer had been eyeing the car for months at the dealership Lemanski manages. He had decided on the model and color -- a titanium Murcielago -- and needed only to sign on the bottom line.

Then, as financial markets teetered in March and layoffs mounted on Wall Street, the customer started getting cold feet. Lemanski could feel the deal slipping away.

"After a little bit you just have to ask someone the question: 'Are we, or are we not?' " Lemanski recalled. "He said, 'Sorry, not.' He said what's going on with all the investment banks was stopping him from making the purchase."

Times are definitely tough when Greenwich is feeling the sting.

Read the whole story here.

Comments

[ENK727]

These car dealerships better get used to it. I think the good old days of people buying these vehicles are over.

[taoist]

This is when i know the world is going in the dumps.

[alguien]

gee. my heart bleeds for them...

[robinhood2]

Median household income last year of less than $116,000 last year in Greenwich? It sounds like a lot of under reporting of income is going on. I wonder if the IRS has ever bothered to check the property taxes on those mansions vs. the reported income by the occupants.

[NightflyLester]

Tragic

[hokulele]

John Lennon had it: ".... they're stil f*****g peasants as far as I can see...." Chasing the buck for the buck is so, so, uh, pedestrian.

[KillTheMessenger]

Have you ever seen three Lamborghini in a row (not at the dealer!)? I have. It was in Singapore in front of a luxury hotel. Not bad for a country roughly 25 miles long, 15 miles wide and with a 100% import tax on cars...

[hokulele]

and that has what to do about anyone's self worth?

[KillTheMessenger]

It tells you tons about

A) where the money is on todays world and

B) how badly rich Asian boys need toys to prop up their egos.

Ask any Asian friend for the developmental psychology behind that. I have heard plenty about it from my Asian friends who are suffering to this day from cultural influences during their upbringing. As it happens the majority of my current close friends are from China and India and I do emphasize with some of their cultural heritage because some of it resembles my own.

[JoeBlough]

I cried because I didn't have a Lamborghini until I met a man without Porshe.

[anfractuous]

Wonderful!

[darthdarcy]

I sold high end cars like that Ferrari 512-BB Boxers, Lamborghini, Aston Martins, Rolls Royce you can sell these even during a recession or depression but try and sell what's in stock , don't let them come out from under the ether..

Any jerk can order a car it takes a salesman to sell what's in stock..!

Maybe I should give them a call what's the pack, and what's my demo..?

[KillTheMessenger]

Try selling SUVs when gas hits $6/gallon in 2009....

:-)

[Tom95134]

Maybe it's time for some black folks to pick up a foreclosure in Greenwich. That should stir the social scene a bit.

[jukesgrrl]

And improve the place tremendously.

[Chavez08]

What kind of terrible world do we live in when the greedy, morally-bankrupt leeches on Wallstreet can't even award themselves with their favorite sports cars in celebration for f*cking the working-class?

It's just un-American, I tell you!

[KillTheMessenger]

Peak Lamborghini... who knew!

[trollsbwild]

Poor, poor carpetbagger! He'll just have to suffer and buy the Mercedes SL550.

WWWWWWWAAAAAAAAHHHH!

[IntrepidReader]

Oh. My. God. The humanity! Maybe we can get together and donate enough money to buy this investment banker a Lamborghini and a couple of 79.00 sun dresses for his baby, too. What is the world coming to when people have to do without the necessities and find themselves forced to drive Porsches and clothe their infants in rags from Macy's? We are talking about the backbone of America here, the working class men and women who toil on Wall Street and are expected to raise a family on a paltry 2 million dollars a year. I tell you, my heart is freaking bleeding for them.

[pointus]

Although I'm broke, and carrying a few hundred in credit card debt, I'd be happy to get a cash advance and contribute to these unfortunate souls. To not do so would be the height of selfishness: how can I, in good conscience, eat, while these investment bankers can't even get the car of their choice??

[biwee]

Welcome to G. W. Bush's America.......