Bear Stearns's New Hires Become Job Seekers

Thousands of people are losing their jobs on Wall Street -- some before their first day of work.

They polished résumés; they sweated interviews; they landed dream jobs. But now a small group of college and business school students are discovering that their careers at Bear Stearns ended before they began. JPMorgan Chase, which bought the beleaguered investment bank last month, rescinded many of their job offers.

Read the whole story here.

Comments

[wedgie]

F**k Wall Street.

**

[johnmorgan]

Have you guys ever noticed that whenever there's a recession, the media suddenly write lots of sob stories about yuppies struggling to make their SUV payments? What about the people who have been poor all along? We don't hear much about THEM!

[Adirondacker]

Aww poor widdle Ivy Leaguers, instead of getting twice the median income as a salary at their first permanent job they are going to have to settle for one and half times as much. My heart bleeds......

[TakeSake]

It's good to lose a job occasionally. Keeps things in perspective. Maybe after they get back they will have a more realistic perspective that there are working people behind some of that money, not just numbers.