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CoronitaParticipantI think you're underestimating the amount of money investment bankers typically make. On a bad year, associate levels with about 5 years of experience (level right above entry analysts) including cash bonuses alone can make $300k+, and that might be underestimating, because that was what it was during the dot bomb implosion when IPO's dried up.
Granted the price of RE in Manhattan is incredibly expensive, we're really not talking about people who are going to starve to death. The people that are going to get hurt the most are those in BSC's support role (such as IT, admin, receptionists etc). But I doubt those are the folks RE owners in Manhattan to begin with, or for that matter,analysts below the $200k level.
My data is from relatives and colleagues apparently in the business. Sh!tty lifestyle, but that's why you're partly paid that way for that NYC lifestyle.
Another thing…I don't subscribe to the notion of foreign investors bailing out RE prices. BUT, I would say Manhattan RE is sought location, so I would be surprised seeing a fire sale in Manhattan, especially with a plunging US dollar.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
CoronitaParticipantI think you're underestimating the amount of money investment bankers typically make. On a bad year, associate levels with about 5 years of experience (level right above entry analysts) including cash bonuses alone can make $300k+, and that might be underestimating, because that was what it was during the dot bomb implosion when IPO's dried up.
Granted the price of RE in Manhattan is incredibly expensive, we're really not talking about people who are going to starve to death. The people that are going to get hurt the most are those in BSC's support role (such as IT, admin, receptionists etc). But I doubt those are the folks RE owners in Manhattan to begin with, or for that matter,analysts below the $200k level.
My data is from relatives and colleagues apparently in the business. Sh!tty lifestyle, but that's why you're partly paid that way for that NYC lifestyle.
Another thing…I don't subscribe to the notion of foreign investors bailing out RE prices. BUT, I would say Manhattan RE is sought location, so I would be surprised seeing a fire sale in Manhattan, especially with a plunging US dollar.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
CoronitaParticipantI think you're underestimating the amount of money investment bankers typically make. On a bad year, associate levels with about 5 years of experience (level right above entry analysts) including cash bonuses alone can make $300k+, and that might be underestimating, because that was what it was during the dot bomb implosion when IPO's dried up.
Granted the price of RE in Manhattan is incredibly expensive, we're really not talking about people who are going to starve to death. The people that are going to get hurt the most are those in BSC's support role (such as IT, admin, receptionists etc). But I doubt those are the folks RE owners in Manhattan to begin with, or for that matter,analysts below the $200k level.
My data is from relatives and colleagues apparently in the business. Sh!tty lifestyle, but that's why you're partly paid that way for that NYC lifestyle.
Another thing…I don't subscribe to the notion of foreign investors bailing out RE prices. BUT, I would say Manhattan RE is sought location, so I would be surprised seeing a fire sale in Manhattan, especially with a plunging US dollar.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
March 16, 2008 at 10:11 PM in reply to: JPM offers to buy Bear for $2/shared; Fed cuts discount rate #171307CoronitaParticipantHoly crap.
Well, looks like in lieu of this news, my startup company has found angel funding afterall 🙂 Thanks BSC! Seriously, I wasn't counting on this..Anyone think it's foolish to use your own money to start a company instead of someone else? I mean, I guess technically it really wasn't my money to begin with. This was as random as it gets. I guess if i don't use this, I'm going to do a double or nothing and put it all into shorting LEH after tuesday.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
March 16, 2008 at 10:11 PM in reply to: JPM offers to buy Bear for $2/shared; Fed cuts discount rate #171638CoronitaParticipantHoly crap.
Well, looks like in lieu of this news, my startup company has found angel funding afterall 🙂 Thanks BSC! Seriously, I wasn't counting on this..Anyone think it's foolish to use your own money to start a company instead of someone else? I mean, I guess technically it really wasn't my money to begin with. This was as random as it gets. I guess if i don't use this, I'm going to do a double or nothing and put it all into shorting LEH after tuesday.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
March 16, 2008 at 10:11 PM in reply to: JPM offers to buy Bear for $2/shared; Fed cuts discount rate #171643CoronitaParticipantHoly crap.
Well, looks like in lieu of this news, my startup company has found angel funding afterall 🙂 Thanks BSC! Seriously, I wasn't counting on this..Anyone think it's foolish to use your own money to start a company instead of someone else? I mean, I guess technically it really wasn't my money to begin with. This was as random as it gets. I guess if i don't use this, I'm going to do a double or nothing and put it all into shorting LEH after tuesday.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
March 16, 2008 at 10:11 PM in reply to: JPM offers to buy Bear for $2/shared; Fed cuts discount rate #171663CoronitaParticipantHoly crap.
Well, looks like in lieu of this news, my startup company has found angel funding afterall 🙂 Thanks BSC! Seriously, I wasn't counting on this..Anyone think it's foolish to use your own money to start a company instead of someone else? I mean, I guess technically it really wasn't my money to begin with. This was as random as it gets. I guess if i don't use this, I'm going to do a double or nothing and put it all into shorting LEH after tuesday.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
March 16, 2008 at 10:11 PM in reply to: JPM offers to buy Bear for $2/shared; Fed cuts discount rate #171745CoronitaParticipantHoly crap.
Well, looks like in lieu of this news, my startup company has found angel funding afterall 🙂 Thanks BSC! Seriously, I wasn't counting on this..Anyone think it's foolish to use your own money to start a company instead of someone else? I mean, I guess technically it really wasn't my money to begin with. This was as random as it gets. I guess if i don't use this, I'm going to do a double or nothing and put it all into shorting LEH after tuesday.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
March 16, 2008 at 4:54 PM in reply to: JPM offers to buy Bear for $2/shared; Fed cuts discount rate #171057CoronitaParticipantWow. ouch. I'm speechless. I wonder how bad it is at lehman brothers. Maybe it's time to roll the dice on that one too.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
March 16, 2008 at 4:54 PM in reply to: JPM offers to buy Bear for $2/shared; Fed cuts discount rate #171391CoronitaParticipantWow. ouch. I'm speechless. I wonder how bad it is at lehman brothers. Maybe it's time to roll the dice on that one too.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
March 16, 2008 at 4:54 PM in reply to: JPM offers to buy Bear for $2/shared; Fed cuts discount rate #171394CoronitaParticipantWow. ouch. I'm speechless. I wonder how bad it is at lehman brothers. Maybe it's time to roll the dice on that one too.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
March 16, 2008 at 4:54 PM in reply to: JPM offers to buy Bear for $2/shared; Fed cuts discount rate #171413CoronitaParticipantWow. ouch. I'm speechless. I wonder how bad it is at lehman brothers. Maybe it's time to roll the dice on that one too.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
March 16, 2008 at 4:54 PM in reply to: JPM offers to buy Bear for $2/shared; Fed cuts discount rate #171495CoronitaParticipantWow. ouch. I'm speechless. I wonder how bad it is at lehman brothers. Maybe it's time to roll the dice on that one too.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
CoronitaParticipantWow, $28/share shaving. ouch.
Maybe nows a good time to short lehman too 🙂
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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