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DOL Exposes Citigroup Plans To Fire Hundreds From Greenwich Street Office

Tyler Durden's picture




 

A few days ago, Citigroup announced it would lay off 4500 bankers around the world, although with nothing more definitive, the bank's employees likely thought that "out of sight means out of mind", especially with the holiday season days away. To their chagrin, our latest favorite website, the Department of Labor's "WARN" site, which usually well ahead of various HR offices will advise New York bank employees how many and which office are going to lay people off. Sure enough, here is Citigroup, with just disclosed plans to fire 413 people, with full breakdown by which offices are to be affected. If you are one of the several hundred to be laid off from the 388/390 Greenwich location, our condolences: fear not - the economy is getting better; after all last week initial claims for unemployment benefits literally tumbled meaning the re-depression is now over. You will be back working in the comfortable confines of infinitely rehypothecated fractional reserve banking in no time.

From WARN:

Date of Notice:    12/9/2011                                                                           

Control Number: 2011-0183

Rapid Response Specialist :  Linda Foehr

Reason Stated for Filing:  Plant Layoff        

Company:  Citigroup Inc. and its NY Subsidiaries

Various locations in NYC

New York, NY

County: New York | WIB Name: NEW YORK CITY| Region: New York City

Contact:                  Sheri Paulo, Director of Employee Relations                                                             

Phone: (415) 658-4507

Business Type:  Financial institution

Number Affected:  413    

Total Employees:                  -----     

Layoff Date:  9/1/2011-12/31/2011             

Closing Date:  -----                             

Reason for Dislocation:  Economic

ERNUM:  -----

Union:  No union represents these employees and there are no bumping rights applicable to the terminated employees.          

Classification:  Plant Layoff

Other Affected Citigroup locations:

  • Citigroup Global Markets Inc. 390 Greenwich Street, NY, NY 10013 – 117 affected
  • Citigroup Global Markets Inc. 388 Greenwich Street, NY, NY 10013 – 80 affected
  • Citicorp North America Inc. 388 Greenwich Street, NY, NY 10013 – 15 affected
  • Citigroup Technology Inc.  388 Greenwich Street, NY, NY 10013 – 8 affected
  • CITIBANK N.A. 388 Greenwich Street, NY, NY 10013 – 33 affected
  • LavaFlow Inc. 388 Greenwich Street, NY, NY 10013 – 2 affected
  • CITIBANK N.A. 390 Greenwich Street, NY, NY 10013 – 9 affected
  • Citicorp North America Inc. 390 Greenwich Street, NY, NY 10013 – 2 affected
  • Citigroup Technology Inc.  390 Greenwich Street, NY, NY 10013 – 7 affected
  • Automated Trading Desk LLC 388 Greenwich Street, NY, NY 10013 – 1 affected
  • CITIBANK N.A. 1 Court Square Long Island City NY 11120 – 22 affected employees
  • Citigroup Global Markets Inc. 1 Court Square, Long Island City NY 11120 – 3 affected
  • Citigroup Management Corp. 1 Court Square, Long Island City, NY 11120 – 1 affected
  • Citigroup Technology Inc. 1 Court Square, Long Island City, NY 11120 – 5 affected
  • CITIBANK N.A. 111 Wall Street, New York, NY 10005 – 9 affected
  • Citicorp North America Inc. 111 Wall Street, New York, NY 10005 – 1 affected
  • Citigroup Global Markets Inc. 111 Wall Street, New York, NY 10005 – 15 affected
  • Ctitgroup Inc. 111 Wall Street, New York, NY 10005 – 1 affected
  • Citigroup Technology Inc. 111 Wall Street, New York, NY 10005 – 3 affected
  • Citigroup Global Markets Inc. 114 7th Avenue, Brooklyn, NY 11215 – 1 affected
  • Citigroup Global Markets Inc. 115 East 23rd Street, NY NY 10010 – 1 affected
  • Citigroup Global Markets Inc. 120 Broadway, NY, NY 10005 – 1 affected
  • CITIBANK N.A. 127 Hudson Street, NY, NY 10013 – 1 affected
  • Citigroup Global Markets Inc. 127 Hudson Street, NY, NY 10013 – 1 affected
  • Citigroup Global Markets Inc. 14 Wall Street NY, NY 10005 – 1 affected
  • Citigroup Global Markets Inc. 145-42nd Street, NY, NY 10017 – 1 affected
  • Citigroup Global Markets Inc. 1528 Sheepshead Bay Road, Brooklyn NY 11235 – 1 affected
  • CITIBANK N.A. 164 Canal Street, NY, NY 10013 – 1 affected
  • Citigroup Global Markets Inc. 170 W. 72nd Street, NY, NY 10023 – 1 affected
  • Citigroup Global Markets Inc. 171 E. 72nd Street, NY, NY 10023 – 1 affected
  • Citigroup Global Markets Inc. 1970-92 Ralph Avenue, Brooklyn, NY 11234 – 1 affected
  • Citigroup Global Markets Inc. 25-47 Parsons Blvd, Flushing, NY 11354 – 1 affected
  • Citigroup Global Markets Inc. 2861 Broadway, NY, NY 10025 - 1 affected
  • CITIBANK N.A. 330 Madison Avenue, NY, NY 10017 – 1 affected
  • Citigroup Global Markets Inc. 330 Madison Avenue, NY, NY 10017 – 1 affected
  • CITIBANK N.A. 38-17 Main Street, Flushing NY 11354 – 1 affected
  • Citigroup Global Markets Inc. 38-17 Main Street, Flushing NY 11354 – 1 affected
  • CITIBANK N.A. 399 Park Avenue, NY, NY 10022 – 2 affected
  • Citigroup Global Markets Inc 399 Park Avenue, NY, NY 10022 – 5 affected
  • Citigroup Global Markets Inc. 411 Fifth Avenue, NY, NY 10011 – 2 affected
  • Citigroup Technology Inc.  425 Park Avenue, NY, NY 10022 – 2 affected
  • CITIBANK N.A. 485 Lexington Avenue, NY, NY 10017 – 7 affected
  • Citigroup Management Corp 485 Lexington Avenue, NY, NY 10017 – 1 affected
  • CITIBANK N.A. 52 East 14th Street, NY, NY 10003 – 1 affected
  • Citigroup Global Markets Inc. 555  Laguardia Place, NY, NY 10012 – 1 affected
  • Citigroup Global Markets Inc. 5671 Riverdale Avenue, Bronx, NY 10471 – 1 affected
  • Citicorp North America Inc. 601 Lexington Avenue, NY, NY 10022 – 1 affected
  • Citigroup Global Markets Inc. 601 Lexington Avenue, NY, NY 10022 – 1 affected
  • Citigroup Technology Inc. 601 Lexington Avenue, NY, NY 10022 – 1 affected
  • CITIBANK N.A. 640 Fifth Avenue, NY, NY 10019 – 1 affected
  • Citigroup Global Markets Inc. 640 Fifth Avenue, NY, NY 10019 – 1 affected
  • CITIBANK N.A. 666 Fifth Avenue, NY, NY 10103 – 18 affected
  • Citigroup Global Markets Inc. 757 Madison Avenue, NY, NY 10021 – 1 affected
  • Citigroup Global Markets Inc. 79 5th Avenue, NY, NY 10003 – 1 affected
  • Citigroup Global Markets Inc. 800 3rd Avenue, NY, NY 10022 – 1 affected
  • Citigroup Global Markets Inc. 80-19 Roosevelt Avenue, Jackson Heights, NY 11372 – 1 affected
  • Citigroup Global Markets Inc. 836 Manhattan Avenue, Brooklyn, NY 11222 – 1 affected
  • CITIBANK N.A. 909 Third Avenue, NY, NY 10022 – 1 affected
  • CITIBANK N.A. NY Telecommuter – 1 affected
  • Citigroup Technology Inc. NY Telecommuter – 8 affected
  • CITIBANK N.A. Two Mott Street, NY NY 10013 – 1 affected
 

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Mon, 12/12/2011 - 15:33 | 1971194 GeneMarchbanks
GeneMarchbanks's picture

Bonus Season bitchez!

'You will be back working in the comfortable confines of infinitely rehypothecated fractional reserve banking in no time.'

Sheeeee-ayyyt! Tyler no likey Citi...

Mon, 12/12/2011 - 15:35 | 1971212 Clueless Economist
Clueless Economist's picture

In order to break the back of unemployment, the US needs to print more $ and take on more debt to fund millions of shovel ready jobs and to fix our aging infrastructure.

--PK

Mon, 12/12/2011 - 15:38 | 1971223 hedgeless_horseman
hedgeless_horseman's picture

 

 

Number Affected: 413

Saved or created?

Mon, 12/12/2011 - 15:49 | 1971288 blu
blu's picture

With the customary leverage, 41,300 in the black.

Mon, 12/12/2011 - 16:30 | 1971384 hedgeless_horseman
hedgeless_horseman's picture

 

 

"I had the most absurd nightmare. I was poor and no one liked me. I lost my job, I lost my house, Penelope hated me and it was all because of this terrible, awful Negro.

  

-Louis Winthorpe, III

 

Mon, 12/12/2011 - 16:41 | 1971496 Pegasus Muse
Pegasus Muse's picture

Turn out the lights, the Party's over

http://www.youtube.com/watch?v=tsTAUs_h_uY&feature=related

Mon, 12/12/2011 - 18:14 | 1971789 patience...
patience...'s picture

Who woulda thought....

Mon, 12/12/2011 - 19:12 | 1971924 Problem Is
Problem Is's picture

+1... Classic one hh...

Might I suggest Eddie Murphy to play Obama Bin Lyin' aka Barry "The Chump" Soetoro in this hilarious comedy...

Mon, 12/12/2011 - 16:28 | 1971440 SheepleLOVEched...
SheepleLOVEcheddarbaybiscuits's picture

better yet....an alien invasion

Mon, 12/12/2011 - 18:27 | 1971823 Freddie
Freddie's picture

Krugman loves America's muslim in the white hut.  Typical Democrat criminals.  Sadly not all Repubs are like Ron Paul.  At least the Repubs have a Ron Paul.

Mon, 12/12/2011 - 19:07 | 1971917 TheFourthStooge-ing
TheFourthStooge-ing's picture

They also have muslims like Mich el-Bachman and Rique Santorum.

 

Mon, 12/12/2011 - 15:50 | 1971218 vast-dom
vast-dom's picture

HYPER-MEGA-UnN-(re)CHURN!

Mon, 12/12/2011 - 15:50 | 1971292 CPL
CPL's picture

Cancuck government is starting the process of laying off the first 10% in a round of layoffs today.

Then another 10% next summer.

Mon, 12/12/2011 - 20:58 | 1972210 philipat
philipat's picture

The world needs less Bankers. It also provides cover for the Lawyers!!

Mon, 12/12/2011 - 15:31 | 1971195 Biggvs
Biggvs's picture

Ha ha, "plant layoff". As if they actually make stuff. Cute.

Mon, 12/12/2011 - 15:33 | 1971208 junkyardjack
junkyardjack's picture

They say plant because they are getting rid of a bunch of shit

Mon, 12/12/2011 - 15:41 | 1971242 CrazyCooter
CrazyCooter's picture

I notice they are not union either. Win some, lose some!

I bet they can find work producing real wealth in no time; "Would you like fry's with that?", "Welcome to WalMart!", and my personal favorite "I have many years of experience driving exotic sports cars sir, I will park it professionally!".

Regards,

Cooter

Mon, 12/12/2011 - 19:15 | 1971934 Problem Is
Problem Is's picture

They will be the ass-hats calling you at dinner time to:

"Refinance your home today! Hurry! These low rates won't last!"

Mon, 12/12/2011 - 15:42 | 1971246 vast-dom
vast-dom's picture

THEY MAKE PLENTY OF DESTRUCTION BANKRUPTCY REHYPOTHECATION CANCER DISEASE ETC. AND THEY SUCK UP USEFUL OXYGEN! ALL WHILE "BACKGROUND CHECKING" YOU AND NOW THEY'RE INSOLVENT AND ASSED OUT FOR XMAS! ENJOY THE FRUITS OF YOUR ILLICIT DUPLICITIOUS SHITTY LIVES.

Mon, 12/12/2011 - 15:42 | 1971249 fonestar
fonestar's picture

One can only laugh at how these people's CV will look to the informed in five years time?

 - Excellent interpersonal and client gaffing skills

 - Able to rehypothecate client funds at one-thousand times margin

 - Strong comingling skills and adapt at off-balance sheet obfuscation

 - Works well in sociopathic environments with strong narcissist tendencies

 

etc, etc, etc....

Mon, 12/12/2011 - 15:45 | 1971257 vast-dom
vast-dom's picture

perfect. you're hired! (right this way into the psych ward in-patient facility.)

Mon, 12/12/2011 - 16:03 | 1971346 fonestar
fonestar's picture

Great!  I forgot to mention I have strong computer programming skills as well:

 

if {ramp_cnbc_headlines > i++} do;

buy {S&P+DOW *nth};

else { dump_all } && >> dev_null;

done

Mon, 12/12/2011 - 16:31 | 1971452 chet
chet's picture

You forgot the last item:

"Recent retraining in air conditioner repair"

Mon, 12/12/2011 - 15:43 | 1971252 blu
blu's picture

If they call it a plant layoff then the statistical hit is credited against the hated blue collar manufacturing sector, sparing the valuable financial sector elites from bad news.

These guys, never miss a bet. It's no wonder they get to be king.

Mon, 12/12/2011 - 15:51 | 1971301 CPL
CPL's picture

Reason Stated for Filing:  Plant Layoff 

 

I had to double check...I would guess they don't get paid Employment insurance if it's not a "plant".  Who knows nowadays.  The shit is so thick out there the boots quit years ago.

Mon, 12/12/2011 - 15:32 | 1971200 jiggerjuice
jiggerjuice's picture

Another form of clawback. Simple non-issuance of bonuses. Non-issued bonuses drift upwards. System gaming is too easy.

Mon, 12/12/2011 - 15:44 | 1971259 blu
blu's picture

Clawbacks is just the top wolves eating the lesser wolves. Us sheep remain on the menu for later.

But it's still fun to watch them killing each other.

Mon, 12/12/2011 - 16:14 | 1971383 willien1derland
willien1derland's picture

I am certain that someone is working on the White Paper for a new FASB rule 'BITCHES'- BONUS IN TOTAL CIRCULAR HOLDINGS ENCUMBERED SEGREGATION- aka-->'Fully REFUNDABLE Bonuses Allowance' - the newest & fastest growing footnote to US Bank's financial reports!

Mon, 12/12/2011 - 15:33 | 1971203 junkyardjack
junkyardjack's picture

Economic Recovery in progress!

Mon, 12/12/2011 - 15:33 | 1971204 Lord Welligton
Lord Welligton's picture
  • Automated Trading Desk LLC 388 Greenwich Street, NY, NY 10013 – 1 affected
  • Can you fire an automaton?

    Mon, 12/12/2011 - 15:39 | 1971236 Village Smithy
    Village Smithy's picture

    Looks like that one guy is pissed, he just set his HFT machine to "flash crash". 

    Mon, 12/12/2011 - 15:49 | 1971285 firstdivision
    firstdivision's picture

    He's waiting for the official notice, then its:

    Run: HFTStop <Enter>

    Mon, 12/12/2011 - 15:33 | 1971206 slaughterer
    slaughterer's picture

    Bullish for C shareholders.   

    Mon, 12/12/2011 - 15:34 | 1971210 blunderdog
    blunderdog's picture

    These locations would be good places to stake out for interviews with the folks being cut.  Perhaps someone could even be convinced to release sensitive info about the soon-to-be-former employers.

    Mon, 12/12/2011 - 15:35 | 1971211 bania
    bania's picture

    And while they wait for those rehypothecated jobs to come back, they can shack up with the OWS folks only a few blocks away!

    Mon, 12/12/2011 - 15:36 | 1971214 Bazooka
    Bazooka's picture

    Getting laid off is never a pleasant experience....but it can be a good experience.....it toughens you, it hardens you..many have looked for work for months and years...even to to the point of having a meltdown in their living rooms after learning that no more benefit checks will come.....

    Be tough, be hardened....oh you newly minted 99-ers.

    Mon, 12/12/2011 - 15:59 | 1971329 SuSpencer
    SuSpencer's picture

    "....newly minted 99-ers."

     

    It's criminal that you've gotten less than 10 Upvotes for that one.  That is the best 3-worded phrase I've heard in a while (and we get some great ones around here)!


    Mon, 12/12/2011 - 16:03 | 1971343 bania
    bania's picture

    Considering they worked in the banking industry I think it's "newly PRinted 99'ers"

    Mon, 12/12/2011 - 17:00 | 1971581 SilverRhino
    SilverRhino's picture

    Been laid off / outsourced twice in the last 15 years (fight club for the employed).   First time sucked.   Second time saw it coming and fucked the outsourcing company.   Damn right it toughens you up.   

     

    Mon, 12/12/2011 - 18:36 | 1971840 Freddie
    Freddie's picture

    Well over 53% voted for the islamic in 2008.  nice job sheep.

    Mon, 12/12/2011 - 19:14 | 1971929 TheFourthStooge-ing
    TheFourthStooge-ing's picture

    They'll be able to do it again if the repubs nominate Rique Hussein Santorum or Mich el-Bachman.

     

    Tue, 12/13/2011 - 00:04 | 1972705 StychoKiller
    StychoKiller's picture

    Umm, you do realize that the MSM seems to be anointing either Romney or Newt, right?

    Mon, 12/12/2011 - 15:36 | 1971215 Bazooka
    Bazooka's picture

    Obama's Audacity of Hope = Audacious Mendacity

    Mon, 12/12/2011 - 16:04 | 1971349 Everybodys All ...
    Everybodys All American's picture

    The audacity of thinking you want four more years of this.

    Mon, 12/12/2011 - 16:24 | 1971417 prains
    prains's picture

    We'll be getting 4 to the nth regardless of which Newt gets air force (w)on.

    Mon, 12/12/2011 - 18:38 | 1971844 Freddie
    Freddie's picture

    We don't want Newt or the muslim. 

    Mon, 12/12/2011 - 19:15 | 1971935 TheFourthStooge-ing
    TheFourthStooge-ing's picture

    Newt bin Gingrich is a muslim too, just like Mich el-Bachman.

     

    Mon, 12/12/2011 - 15:36 | 1971219 Dr. Engali
    Dr. Engali's picture

    "You will be back working in the comfortable confines of infinitely rehypothecated fractional reserve banking in no time"

     

    Tyler you're a cruel man... Funny,but cruel. You are a man aren't you?

    Mon, 12/12/2011 - 15:50 | 1971276 blu
    blu's picture

    This is Fight Club, where even the women are men. Except with boobies.

    Mon, 12/12/2011 - 15:41 | 1971240 canuck
    canuck's picture

    It would be nice to be reading Buiter's Maverecon again.....

    Mon, 12/12/2011 - 15:45 | 1971262 Piranhanoia
    Piranhanoia's picture

    How many will put work experience with shCiti on their resume?

    Mon, 12/12/2011 - 16:24 | 1971418 TheFourthStooge-ing
    TheFourthStooge-ing's picture

    "Herro, Shitty Wok, take order prease."

     

    Mon, 12/12/2011 - 15:58 | 1971267 firstdivision
    firstdivision's picture

    What is that "Lavaflow Inc."?

    *Edit* NVM found the info. 

    Mon, 12/12/2011 - 15:50 | 1971294 MsCreant
    MsCreant's picture

    The whirling dirvish unwinds, spitting out a few more. 

    Many bodies will be flung far and wide, the coil has been wound tightly for a long time with no relief. The fan is powered by infinitely rehypothecated fractional reserve fractalian financial culture.

    Mon, 12/12/2011 - 15:54 | 1971314 MIDTOWN
    MIDTOWN's picture

    Probably why Bank of America just acquired some Citi Visa accounts

    Mon, 12/12/2011 - 16:40 | 1971492 knukles
    knukles's picture

    AIDS victms swapping spit.

    Mon, 12/12/2011 - 15:56 | 1971319 marcusfenix
    marcusfenix's picture

    it's got to suck working at one of those offices where only one person is going to get the axe. you've got to spend you're time looking over your shoulder hoping the other 5 people who work there haven't got together and decided to throw your ass down an elevator shaft out of self preservation.

    survival of the bankster fittest...think those guys really jumped off their penthouse roofs three years ago?

    Mon, 12/12/2011 - 16:03 | 1971345 Everybodys All ...
    Everybodys All American's picture

    These banks are in runoff mode. Little left to wonder about quite frankly. The goal is to stay open as long as the cash flow is there but quite frankly the cash flow and profits are drying up even to the most oblivious.

    Mon, 12/12/2011 - 16:05 | 1971352 williambanzai7
    williambanzai7's picture

    This is hilarious. Layoff roulette.

    Mon, 12/12/2011 - 16:33 | 1971462 SheepleLOVEched...
    SheepleLOVEcheddarbaybiscuits's picture

    financial cannibalism

    Mon, 12/12/2011 - 16:13 | 1971379 slewie the pi-rat
    slewie the pi-rat's picture

    which way is this bazooka s'posed to point?

    at least toysRus is having a BIG sale!

    Mon, 12/12/2011 - 16:38 | 1971474 Sudden Debt
    Sudden Debt's picture

     

     

    To bad for them....

    PLEASE GO TO THE BACK OF THE UNEMPLOYMENT LINE!!!

    IT STARTS AT THE SOUP KITCHENS IN THE BACK! WAY BACK!!

     

    ps: Feel free to max out your credit card to buy food and pay down your morgage.... untill your "friends" take your house, your cards and any proud that you still have!

     

    Mon, 12/12/2011 - 16:42 | 1971500 Sudden Debt
    Sudden Debt's picture

    If any of the soon to be fired people is reading this.... :

    WHOEHAHAHAHAHAHAHAHAA!!!!

     

    Mon, 12/12/2011 - 16:42 | 1971506 midgetrannyporn
    midgetrannyporn's picture

    not enough bonuses to go around this year bitchez.

    Mon, 12/12/2011 - 16:43 | 1971508 Hannibal
    Hannibal's picture

    Capitalism commiting suicide?

    Mon, 12/12/2011 - 17:11 | 1971607 blu
    blu's picture

    Proper Capitalism died a while back.

    The perverse simulacrum we have now is better off dead.

    Mon, 12/12/2011 - 16:44 | 1971509 fonzanoon
    fonzanoon's picture

    Here comes the rally. Whew a little late today. I was beginning to get concerned.

    Mon, 12/12/2011 - 17:48 | 1971721 nasa
    nasa's picture

    In the immortal words of Nelson Muntz; "Ha, Ha!"

    Mon, 12/12/2011 - 18:32 | 1971834 topcallingtroll
    topcallingtroll's picture

    I am enjoying their pain, but I feel so guilty!

    Mon, 12/12/2011 - 19:14 | 1971930 Freddie
    Freddie's picture

    I am enjoying their pain, but I feel so guilty!

    I am sure a lot of these people are average Joes and Janes who are not bad people.  If they voted for the marxist Islamic then they contributed to their own demise. 

     

    Mon, 12/12/2011 - 19:20 | 1971949 TheFourthStooge-ing
    TheFourthStooge-ing's picture

    Yeah, you're right, anyone that voted for Chimpy Bush brought it on themselves. (Or did you mean one of the other marxist Islamics like Bill Hussein Clinton or Ron al-Reagan?)

     

    Mon, 12/12/2011 - 18:36 | 1971839 topcallingtroll
    topcallingtroll's picture

    For the recently laid off bankers among us you may click through to the 99 dollar sniper scope conveniently located at the top of the zero hedge home page.

    Mon, 12/12/2011 - 18:57 | 1971887 kdervin
    kdervin's picture

    Do you think they'll close their Citi accounts on the way to the unemployment line?

    Tue, 12/13/2011 - 00:08 | 1972716 StychoKiller
    StychoKiller's picture

    I know I would...

    Tue, 12/13/2011 - 00:16 | 1972734 chindit13
    chindit13's picture

    I'll take a slightly different view.  Most of these folks are probably clerical and back office people, maybe systems types.  They ride to work every morning on the Staten Island Ferry, carry a bag lunch to pinch pennies, and worry about their kids.  They took the job because it was what the area in which they lived offered.  I doubt they migrated from Iowa to take a clerical job in the Big City.  I doubt they are Ivy Leaguers or 1%ers.  Their Christmas is not going to be a very happy time.  A little empathy wouldn't hurt, unless we are all too far gone from our humanity.

    Perhaps they are no different than people laid off all across America, but these are not Structured Finance types or the ones who schlep purposely rancid dross to unsuspecting Bavarian Landesbanks.

    Tue, 12/13/2011 - 00:22 | 1972748 ebworthen
    ebworthen's picture

    Agreed.

    I doubt many were the decsion makers who thought leverage upon leverage and comingled accounts were good ideas.

    The first, second, third, and even fourth waves are usually the people in the trenches, not the officers or generals or politicians of a company.

    Tue, 12/13/2011 - 01:22 | 1972859 macstibs
    macstibs's picture

    Sad that it took 100+ comments to get to these two...

    And everyone thinks the den of sociopathy is on Wall St?

    Try looking in the mirror...

    I doubt these are clerical types - they're probably "brokers" at individual branches.  All the banks raised their benchmarks this year, but very few of the sheeple have 1. the cash flow or 2. the sheer stupidity to keep playing the game.  Higher benchmarks + lower volume = more fired people.

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