Tales From Lehman's Crypt: How Former Employees Are Faring

The New York Times:

True, thousands of financial industry jobs have vanished and several of the country's best-known banks and brokerage firms have disappeared. Since a peak in 2007, the market valuation of the country's 29 biggest financial services firms has been cleaved by about half. But significant parts of Wall Street endure, and some firms are raking in handsome profits. Indeed, many bankers and traders are looking forward to big bonuses once again.

Some of those Lehman alumni who didn't manage to hang on to Wall Street jobs are still angry, bitter and confused...

Read the whole story: The New York Times

Comments

[winningticket]

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Par for the course.

[winningticket]

These miscreants that helped crash the US economy are not even fit to work in a 7-11 or McDonald's.

[MyLIbealUser]

I'm getting tired of Obama doing nothing. He promised us Wall street reform, Heathcare reform, and more jobs and we got NOTHING except more debt.

hat tip to http://www.iamned.com

the economy is rigged against middle class, anyway

[miriamfl]

I am sorry to say that for those people in banking that lost their jobs I have no pity. I just wish that the CEOs were broke also and they should be sued for every dime. These are people who rejoiced when a company had layoffs because the companies stocks would rise. These are people who did not care our industries were leaving our country as long as these companies stocks were thriving. Many who dealt in oil stocks were loving it when oil was going up to over 145.00 a barrell even though they knew that this would be a hardship on most Americans on Main Street. No pity party from me.

[FoonTheElder]

Situation normal for any big corporation. The higher up you are the more you walk away with.

The people closer to the bottom, were likely given lame excuses for years about why they couldn't get more than a 3% raise. Now they are living on unemployment looking for another job in an impossible economy.

In America, big corporate crime pays....big!

[yourlibral]

Everyday it's the same old rethreads. NO change form Washington.

good articles: http://www.iamned.com

[Stretchumall]

Nearly every one of these people knew going-in that they were working for a corrupt orginization.
The rest of them got a valuable lesson in real life.

[WIpatriot]

No, no. They went to work believing that they were going to change the world for the better, financially, in larger and larger chunks.

[xansam]

wow, they deserve everything they get and more.

[WIpatriot]

And don't think they don't think that way, either.

[ImissBush]

angry & confused

sequel 2 dazed&confused?

[Sherrie714]

Proof that Big Business cannot control themselves: “From a policy perspective, the regulators have to step in,” says Richard McKinney. “It would be an awful lot to ask the Street to not look for revenue opportunities where their competitors are finding revenue.” Unfortunately, the regulators where at the same party. The roof was on fire and they let the MF burn.

[jalowe1957]

Just be greatful your pink slips didn't come from Victoria's Secret or Frederick's of Hollywood. Now THAT would have been the ultimate indignity.

[Mildmannered]

"Some of those Lehman alumni who didn’t manage to hang on to Wall Street jobs are still angry, bitter and confused"

And many of us who kept our noses clean and are in no way responsible for the Great Recession but as a consequence are unemployed or severely underemployed are also "angry and bitter."

[2tango]

Hey those employees are confuse, and bitter...? Now the are complaining huh poor darlings they all cheerleading his CEO boss for years.

they should considered all lucky that we don't have the GUILLOTINE!!

[NightflyLester]

A real introspective bunch here... one blames the regulators for not stopping Lehman's antics, another said the company wouldn't have gotten into that business had the customers not wanted it.

Sorry, no sale. Not a one of them hesitated a nano-second cashing their salary, bonus, stock option or incentive checks.

Souless rots.

[spinns17]

who cares .i hope there al broke and living on the streets

[QolourCouture]

This what happens when you commit sins...Lehman Bros and other firms were the DEVILS of America , and their employees were the baby devils ..They're bitter because they were too busy ripping off Americans and didn't pay attention to what their Management were gone ..Don't cry now, you were in on the schemes and now your jobless, you can't handle being an average employee like the rest of us ..