Tuesday, September 16, 2008

What A Terrible Week To Be An I-Banker

Why...because the effing economy is collapsing, that's why! To recap: over the weekend, Lehman Brothers, one of the big 5 investment banks, was unable to wrangle the cash to keep from going bankrupt...so they went bankrupt; meanwhile, Merril Lynch was scrambling to do the same, selling themselves to Bank of America; finally, if that wasn't enough to make traders shit their pants, AIG also ended up in the dog house needing about $75b to get themselves out of it. Lucky for them, they're getting an $85b loan from the government. Huzzah!

Is it just me or is the fiduciary apocalypse drawing nigh? Survey says, probably. Now I'm not usually interested in Wall Street woes, but this is pretty serious and deserves attention. Especially with John McCain stating that the American economy is fundamentally sound on Monday, which is fucking ridiculous.

In other news, the film I was working on has wrapped, which is really exciting, but also means that I'm back at AA 40 hours a week, which isn't exactly paradise. Hopefully another gig will come soon though!

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