What goes around...

Discussion in 'Economy' started by indago, May 26, 2008.

  1. indago
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    indago VIP Member

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    I was reading an article in the New York Times concerning the layoffs of many Wall Street Bankers. I recalled the factory closings a few years back, where the "knowledgeable" touted that they were just factory jobs, and this didn't affect the technical service and engineering industries. Thousands of factory jobs were lost to "outsourcing" as the Wall Street Bankers handled "deals" that provided companies with the financing to accomplish their goals. The technical and engineering industries agreed that the loss was only affecting factory jobs, and didn't affect them. Then, the technical and engineering began to disappear to "outsourcing", and the technicians and engineers began to bleat. Wall Street Bankers made more financial arrangements for this "outsourcing". Now, the shoe is on the other foot. These Wall Street financiers are bleating. THEY are being layed off. The article noted:

    • Merrill Lynch laid off 20,000 people

    • Since August, banks worldwide have announced plans to eliminate as many as 65,000 jobs.

    The article noted the bleating of one Wall Street Banker: "These are people's lives," said an investment banker in his 30s who was laid off in November from his job at a Bank of America office in New York. "It's not head count. We're not cattle."

    And isn't it quite prophetic that What goes around comes around
     
  2. Anguille
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    Anguille Bane of the Urbane

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    Ha!

    The more I see of this kind of thing going on, the more of a socialist I become.
     
  3. manifold
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    manifold Diamond Member

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    That just betrays your ignorance...no offense.
     
  4. Anguille
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    Anguille Bane of the Urbane

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    [​IMG]
     
  5. manifold
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    manifold Diamond Member

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    DOIL!

    :rofl:


    But bear in mind that not giving a damn does nothing to combat your ignorance, quite the contrary in fact. :eusa_whistle:
     
  6. nibor
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    nibor Senior Member

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    Indi, MILLIONS AND MILLIONS of factory jobs were outsourced so the fact the geeks are falling now is no reason for anyone to cry, except them.................... yes it's quite prophetic and pathetic..........:rolleyes:
     
  7. Shogun
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    Shogun Free: Mudholes Stomped

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    HA!

    nice
     

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