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Today I became a victim of the mortgage collapse. I am now 2 hours into my layoff. 
So much for 21 years experience in the business...
So much for 21 years experience in the business...
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"I am sick and tired of people who say that if you debate and you disagree with this administration somehow you're not patriotic. We should stand up and say we are Americans and we have a right to debate and disagree with any administration." - Hillary Clinton, 2003 -
What facet of the industry were you in?"The DPRK is still in a state of war with the U.S. It's called a black out." - Che explaining why orbital nightime pictures of NK show few lights. Seriously.Comment
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Sorry to hear that, PLATO.
Did you get a nice package?"The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "Comment
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Sorry to hear that, PLATO.Christianity: The belief that a cosmic Jewish Zombie who was his own father can make you live forever if you symbolically eat his flesh and telepathically tell him you accept him as your master, so he can remove an evil force from your soul that is present in humanity because a rib-woman was convinced by a talking snake to eat from a magical tree...Comment
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Sorry to hear that, Plato... hopefully you manage to get a good severance that will last you into the next mortgage boom
<Reverend> IRC is just multiplayer notepad.
I like your SNOOPY POSTER! - While you Wait quote.Comment
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They also make an awful mess, which has to be cleaned up... much like debt. I'll pass.Originally posted by chegitz guevara
Revolutions make debts go away.
-Arriangrog want tank...Grog Want Tank... GROG WANT TANK!
The trick isn't to break some eggs to make an omelette, it's convincing the eggs to break themselves in order to aspire to omelettehood.Comment
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Sorry, PLATO. I hope you land on your feet.
-Arriangrog want tank...Grog Want Tank... GROG WANT TANK!
The trick isn't to break some eggs to make an omelette, it's convincing the eggs to break themselves in order to aspire to omelettehood.Comment
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The company I got laid off from in January is in the midst of furious downsizing. I heard their creditors are calling in their loans. I knew things were bad when they didn't have dancing girls at the Xmas party.Christianity: The belief that a cosmic Jewish Zombie who was his own father can make you live forever if you symbolically eat his flesh and telepathically tell him you accept him as your master, so he can remove an evil force from your soul that is present in humanity because a rib-woman was convinced by a talking snake to eat from a magical tree...Comment
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Sometimes spending is good because the govt can obtain collectively somethings at a better rate than we can individually. For 'zample: roads, fire departments.Originally posted by Arrian
Dems = tax and spend
Republicans = borrow and spend
Us = ****ed.
But more and more, the govt is spending -- not to improve the lot of the citizens at large -- but to help special interests. For 'zample, land developers, corporate subsidies.
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You know what I mean, Zkrib. I'm not anti-spending. I'm anti-deficit spending. Heck, I'm not totally anti that either. I'm ok with emergency measures in a recession. But long term, I want a balanced budget (actually, I want surplusses for the next, oh, 25 years to pay down the debt and THEN I want a balanced budget).
As for what the money is spent on, obviously that too is important. My rant, however, was limited to spending beyond our means, year after year after year after year... with no end in sight. Even the couple of years during the Clinton administration when the government made some effort at restraint barely dented our debt. All it really did was temporarily halt its increase.
If this is not addressed, and addressed seriously (this means deep budget cuts), at some point the strain will be too great and the whole thing will come crashing down like Bear Stearns.
-Arriangrog want tank...Grog Want Tank... GROG WANT TANK!
The trick isn't to break some eggs to make an omelette, it's convincing the eggs to break themselves in order to aspire to omelettehood.Comment
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Pretty good severence. They are giving me the 60 day non work notice followed by a pretty good severence. All you can ask for in this day and age i guess. I worked for one of those evil investment banks on Wall Street...well, the investment banking side of big bank. Not sure how much insider stuff I can share, but I will say the rabbit hole is pretty deep. If you are in the mortgage business, it is likely to get worse before it gets better.
Thanks to everybody for your good wishes. Poly really has some good folks. 
"I am sick and tired of people who say that if you debate and you disagree with this administration somehow you're not patriotic. We should stand up and say we are Americans and we have a right to debate and disagree with any administration." - Hillary Clinton, 2003Comment
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There are days that capitalism sux...not many, but today was one of them!Originally posted by chegitz guevara
Sorry to hear that, PLATO.
"I am sick and tired of people who say that if you debate and you disagree with this administration somehow you're not patriotic. We should stand up and say we are Americans and we have a right to debate and disagree with any administration." - Hillary Clinton, 2003Comment
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Sorry to hear that it finally happened, Plato. But good to know that the severance was reasonable. Any thoughts about what you'll do next?
I'd like to hear what you have to say in a more general sense about the dimensions and character of that rabbit hole, based on your experience.Not sure how much insider stuff I can share, but I will say the rabbit hole is pretty deep. If you are in the mortgage business, it is likely to get worse before it gets better.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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I can tell you that Unwinds are the order of the day. Mostly Credit Default Swaps.
So much so that upper management is demanding hourly reports throughout the day on volume and magnitude."The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "Comment
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Sorry to hear that PLATO and good luck in finding a new job.Comment
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