Also see: Poor Little Rich Boys
"Wall St. crisis caps streak of defeats for NYC" by Keith B. Richburg and Robin Shulman, Washington Post | October 12, 2008
NEW YORK - This big, brash, in-your-face city suddenly seems to have lost its mojo.
At the beginning of the year, there was supercharged hype over the possibility that two, even three New Yorkers may be squaring off against one another for president. But now Republican former mayor Rudolph Giuliani, Senator Hillary Rodham Clinton, a New York Democrat, and Mayor Michael Bloomberg, an Independent, are sitting on the sidelines while the action is in Chicago and Arizona.
In September, the New York Mets collapsed again before reaching the National League playoffs, and the Yankees were left out of the postseason for the first time since 1995. Baseball is being played in October, but not in New York.
Sorry, but WHo really GIVES a FLYING FUK about SPORTS?!!!
On top of all that gloom comes the spectacular implosion of Wall Street, where some of the city's most storied financial behemoths - Bear Stearns, Lehman Brothers,
There are projections of thousands of lost jobs in the financial services sector, and the continuing plunge in stock prices has forced dramatic and sudden changes in the lifestyles of some of New York's wealthiest. Bookings for private jets are way down, and yacht rentals are drying up. Young Manhattanites are giving up the multimillion-dollar lofts they can no longer afford.
The decade-long real estate boom appears to have stalled, with new projects on hold and existing skyscrapers difficult to refinance. New Yorkers are scaling back plans for big weddings and bar mitzvahs. Even a staple of life in the city, eating out, has taken a hit.
In true New York fashion, more and more of those directly affected by the financial crisis are finding their way to psychoanalysts' couches.
"I had a whole bunch of referrals - I had five new patients just come in," said Alden Cass, a psychologist who specializes in mental health of stockbrokers and investment bankers. "These are individuals who have become successful at taking control of things, and now they are reduced to a kind of helplessness."
Welcome into the pool with the rest of us, scumbags! (Now let's EAT 'EM)
The average working stiff might find it hard to sympathize with someone who once earned a couple of million in salary and bonuses suddenly being forced into a $180,000-a-year lifestyle.
Oh, pooooor baby!!!!!! FUCK THOSE ELITE SHITTERS!!! EAT 'EM!!!!!!!!
As for the difficulty sympathizing, there is none of that here -- because there is NO SYMPATHY at ALL for these looting assholes!!
FRY 'EM UP!!!!!!!
But according to Cass and others, the shock in New York is all too real. There are private-school tuitions, house staff salaries, and huge mortgages on multimillion-dollar apartments in Manhattan and second homes in the Hamptons. --more--"
Fuck you, pro-richer, pro-corporate press!!!!
Oh, and NOT ALL RICHERS are hurting, folks:
Boston's New Ivory Tower
The Economic Untouchables
The Boston Globe Worships the Wealthy Elite
Only U.S. Elite Need Apply
The Comfortable Class Above It All
