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Work In Banking? Find Out If You Will Be Laid Off... And If You Work At Bank Of America Click Here Now: Update - And Goldman Sachs
Something tells us this formerly well-hidden treasury trove of imminent layoff information will soon be the most visited webtsite for every bankers in the Manhattan area. Presenting the Department of Labor's Worker Adjustment and Retraining Notification program, aka the "advance notice of mass layoffs on Wall Street" website. A great example of why 554 people should not look forward to the holidays presented below (our condolences Bank of Americans and Goldman Saches).
Date of Notice: 9/29/2011
Control Number: 2011-0098
Rapid Response Specialist : Linda Foehr
Reason Stated for Filing: Plant Layoff
Company:
Bank of America
2 & 4 World Financial Center
New York, NY 10080
County: New York | WIB Name: NEW YORK CITY| Region: New York City
Contact: John Collingwood, Senior Vice President
Phone: (202) 661-7130
Business Type: Financial
Number Affected: 33
Total Employees: -----
Layoff Date: First separation will occur on 11/30//2011
Closing Date: -----
Reason for Dislocation: Economic
ERNUM: -----
Union: No bumping rights exist. Associates are not represented by a union.
Classification: Plant Layoff
Other Bank of America locations affected:
2011-0099: 1 Bryant Park, New York, NY – 250 affected, First separation to occur on 12/14/2011
2011-0100: 222 Broadway, New York, NY – 41 affected, First separation to occur on 12/14/2011
And for Goldman Sachs:
Date of Notice: 6/29/2011
Control Number: 2010-0387
Rapid Response Specialist : Linda Foehr
Reason Stated for Filing: Plant Layoff
Company:
Goldman, Sachs & Co.
200 West Street
New York, NY 10282
County: New York | WIB Name: NEW YORK CITY| Region: New York City
Contact: Regina S. Palumbo, Managing Director, Associate General Counsel
Phone: (212) 357-2191
Business Type: Financial
Number Affected: 230
Total Employees: ------
Layoff Date: Will occur between 9/26/2011 and 3/31/2012
Closing Date: -----
Reason for Dislocation: Economic
ERNUM: -----
Union: Employees are not represented by a union and are not entitled to any bumping rights.
Classification: Plant Layoff
And some bad news for Bank of New Yorkers:
Date of Notice: 9/30/2011
Control Number: 2010-0199 Amended
Rapid Response Specialist : Linda Foehr
Reason Stated for Filing: Plant Unit Closing
Company:
The Bank of New York Mellon
101 Barclay Street Floor 6W
New York, NY 10286
County: New York | WIB Name: NEW YORK CITY| Region: New York City
Contact: Gloria Kingston, Human Resources Consultant
Phone: (212) 815-3632
Business Type: Treasury Services Operations Lockbox
Number Affected: 124
Total Employees: 124
Layoff Date: Layoffs will occur in stages beginning on 7/1/2011 and continuing through 5/31/2012.
Closing Date: 2/28/2012
Reason for Dislocation: Economic
ERNUM: -----
Union: -----
Classification: Plant Unit Closing
h/t Bloomberg
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Merry Christmas.
PS: Executives, please note that bonus checks will be distributed 12/15/11
They will get the same boners, I mean bonus we all have been receiving.
Nada dada doo bang.
Severance pay: 99 weeks of unemp benefits
and those low level banksters thought they were part of the 0.01% just because they manage the ultra rich's wealth in a suit and a tie. well here's the truth......you need to work for a living, so you are just a serf. Crop sharing farmer just got kicked off of the farm land.
haha....take your unemployment "entitlement" benefits, turn off "free market" "capitalism" brainwashing media, and go out there protest with the rest of the 99%. Your job isn't coming back, because it shouldn't have existed in the first place.
and why does this make you happy?
The funny part is that all 324 of them are named Linda Green.
How do we profit from this? Has TungstenMan sold a derivative on it yet?
Finally some truthful economic news we can all appreciate.
Somebody is sure watching this site. Over 12,000 reads already... a 3 sigma deviation from the normally superb stories here at ZH.
Sucks to be them... keep up the good work Ty... they are starting to die like flies...
(Zerohedge...The official Goldman Sachs Deathstar's Deathstar ;)
New recruits?
Who better to take down the squid than its' disgruntled offspring?
And what better way to rat out your soon-to-be former bosses than to spill the beans here on ZeroHedge instead of going to do-nothing regulators?
Linda Green/Soylent Green... coincidence?
No -- there's a big difference.
Soylent Green is people.
that my friend deserves and upvote. well done.
No wonder GS let it be known that they had a down year. Now they don't have to pay any bonuses to the soon to be laid off workers.
Looks like they're about to get screwed twice. No bonus and no job.
Perhaps we can help. Does anyone have the home phone numbers and addresses for the above 'contacts'?
It's just in case they start to experience any late night suicidal or homicidal thoughts you know... just trying to help.
If the laid off banksters join the Occupy Wall Street protesters...
They can eat cake...
That should cheer them up and end suicidal thoughts...
I once dated a Linda Green, she was hot...then she stole my check book. Who would have thought?
It was just the end of your "Free Checking!" period.
You beat me to it. Of course all 324 will qualify for gumbmint cheese.
at least they're all Linda Green - the last time they were all 'Sarah Connor'.
Maybe keeping employees is too fucking expensive?
That's funny! +1
Unfortunately, the people losing their jobs are probably those who live paycheck to paycheck and do not get big bonuses, if they get them at all. This is an example of mob mentality where everyone is jumping on the bandwagon and celebrating the fact that working people are losing their jobs.
Wake me up when Geithner, Dimon, Bernanke, Blankfein, et al get strung up by their balls.
Until then, this doesn't excite me.
And please don't forget Fuld, Mozzillo,Paulson & Paulson, Lewis, Pandit, Moynihan. Those fuckers need to have a bounty hunter to string up thier asses as well. Did I leave anyone out?
Thain?
What Balls?
Geithner, Dimon, Bernanke, Blankfein, et al are ball less eunuchs...
Otherwise they would not need rigged and corrupt markets in order to "succeed"...
because these fools are forced to wake up unlike those of us on ZH.
They are forced to learn that a butler to America's richest 400 doesn't make you any richer nor would a butler have a chance to become one....so joining ripoffblican party to lower the taxes of your master while the butler pays twice as much taxes is a foolish thing to do.
Aren't you happy to erase smurk off of arrogant sychophant serfs who are happy to sell America's middle class out because somehow they are not middle class and will be saved by the elites when their time comes.
How are you better off now? Joe Schmo loses his job and you feel elated? Get a grip on reality.
Fuck the guys that are fucking everyone else. Bennie, Timmy, and the rest. I'm 100% with you on that. That will make me happy.
How anyone can take any joy in some salaried guy or gal now being added to the numbers of unemployed, struggling to put food on their table and pay their bills is beyond me.
Silver, I don't think anyone is taking 'joy' in people being laid off. Rather it is more like laughing to keep from crying in this F'd up world. Sanity has left the planet.
I think you have too high of a view of humanity, Vince. There are no shortage of people that take pleasure in other peoples' pain. Misery loves company.
Duly noted, Red...duly noted.
I have to disagree with aldous.
Petite bourgioise is still a good life.
If you cant be in the top one percent you can still enjoy the good life as the top thirty percent.
I would rather be a rich man's butler than live in a ghetto.
You're not the only one. Many people choose comfort over autonomy and responsibility for their own welfare.
Working as a butler is gainful employment. All productive economic activity must by definition serve others.
Well, before I get all teary eyed over suppossed J6P gettin' laid off from freakin' BAC and GS, I'll assume they're not just regular joes.
If I remember right, when the bonuses were handed out last year at GS, even the lowest of the low got six figure bonuses.
I'll bring out my crying towel if you can prove the people gettin' the axe are toliet cleaners and mail delivery guys.
You own a crying towel? Coooooool!
Listen, these layoffs are good news because these organizations are a pustule and sap on productive society, see?
Does that make sense to you?
Before taking a job, one should ponder the value that the prospective employer brings to this green earth.
Am I being heartless, because things are tough, and there is a lot of unemployment around these days? WAKE UP! These organizations CAUSED IT!
You forgot this ---> /sarc
It's indeed said the schadenfreude here. The logic is :if someone else is suffering, I'm better off. Now they al have blood in the eyes over the banksters, the banksters, hang them. The banksters could never have taken your money without the government. But no one dares to attack those. Officially because:"you have elected your coercers, so you should not complain", but in reality because taking on the all powerfull mighty state, who know all about you and could make your life hell in the blink of an eye, should never be critisized. They are deep down good people, who are led astray by evil bankers. They throw bombs because they care, they lock serfs up because they want the best for society.
People are bad so we need a state to control them made up of people are bad so we need a state to control them made up of people are bad so we need a state to control them made up of people are bad so we need a state to control them made up of people are bad so we need a state to control them made up of people are bad
They were quite happy to work for a firm knowing they were destroying peoples lives, but they can turn a blind eye to that .Well guess what that very same firm just fucked them too , so yes im happy , very fucking happy.
Abi. You got that right , GS employees had no problem taking the profits stolen from widows, orphans and school children . The OWS crew wouldn't want such immoral scum.
Indeed.. There are many low and mid level people working in financials (that I know) that mock and sneer at the occupy wall street crowd and the unemployed. I get angry when they say things like, "Well they should have picked a better major!" or "They just need to work harder at finding a Job!"
The truth is that there are less and less good jobs available for college graduates. Our nation has been milked like a cow by the big banks and wall street firms. Our politicians have been complicit in reversing Glass-Steagal, not putting pressure on shitty regulators, and allowing corporations to gut our industrial base.
I hope I can find the compassion for the short sighted fools who mock the unemployed...when they are unemployed.
Because the TBTF banks suck. Additionally, they caused the recession, er, depression in the US and negatively affected many other countries, and, these low-level serfs have no conscience, working for the 1% greedy bastards, so, if they go on unemployment, maybe they'll find meaningful work, or start a new business, or, on the way out the door, do some nasty things, like taking a crap in the main foyer, or getting drunk at their desks on their last days.
And, if the economy is ever going to recover and America be restored to something other than a crony capitalist playground, it has to get a lot worse and these layoffs are a good start for 2012, plus some of these people will surely join the protests and some may even reveal more of the lying, cheating and scandalous behavior at the big banks, and, well, did I say that the TBTF banks SUCK?
Hope that helps.
Happy to join you in that as long as you include fannie and freddie. Our own mayor here is $9,000,000 to the better simply allowing them to be the stupid fucks they were. The government had a big hand in that whole mess, not just the banks.
without a bailout guarantee, they would have never guaranteed those loans and banks would never have given these loans without Fanny and Freddy guarantee. Only because the tax serf was guaranteur at gun pont from the gvt, did these loans got sold.
The private banks saw Fannie and Freddie for exactly what they were, and devised plans to extract maximum value from the situation, e.g. leveraging a .5% MBS-Treasury spread by 20x factor, forcing the government's hand.
Then they fed you a lot of BS about the government being the problem. WAKE UP.
But Ron Paul warned everybody in 2002 that the banks would dump garbage on Fannie and Freddie but no one in government listened. Instead they continued the policies that allowed their banker friends to rip off the tax payer.
And you think that government isn't the problem. Who gave my money to the banks if it wasn't the government?
Come uppance is pure joy.
Aldous is quite the socialist, but the enemy of my enemy is my friend.
The American corporation's solution to missing any quarterly profit number is: Layoffs!
We may be in a Japanese style lost decade, but Japan guarantees worker employment at all cost. This may be why the US lost decade will be much worse than Japan's.
I am wating for the day when one of these pissed-off x-employees goes gunnin' for the fucker responsible.
Lay died of a heart attack awaiting sentencing only proving Texans are pussies.
Mozillo will likely die of skin cancer.
Moynihan?-I dunno...
Gotta love the internet.
Gotta ask where you're from flattrader. Me as well as some of the other native Texans on ZH don't take kindly to being called a pussy. Especially by someone ironically hiding behind a keyboard doing it.
and Herman Cain--the new flavor of the week fucker who screwed employees in an Enron-esque employee retirement company stock program--now facing a massive class action lawsuit and the GOP poll front runner for President.
oh, and I am from America.
If you took a shot at Lay, please forgive...and visit the range more often.
there is some incredible pussy in texas
And judging from GW Bush and Perry, Texans dont take kindly to the English language down yonder....
+1
It's sad when all I can say is "at least it's not South Carolina"
http://www.youtube.com/watch?v=lj3iNxZ8Dww
And I don't know why you're hatin' on GW. Guy was a badass:
"Anyone engaging in illegal financial transactions will be caught and persecuted." --George W. Bush, Washington, D.C., Sept. 19, 2008
"I didn't grow up in the ocean -- as a matter of fact -- near the ocean -- I grew up in the desert. Therefore, it was a pleasant contrast to see the ocean. And I particularly like it when I'm fishing." --George W. Bush, Washington, D.C., Sept. 26, 2008
"I've abandoned free market principles to save the free market system." --George W. Bush, Washington, D.C., Dec. 16, 2008
"So I analyzed that and decided I didn't want to be the president during a depression greater than the Great Depression, or the beginning of a depression greater than the Great Depression." --George W. Bush, Washington D.C., Dec. 18, 2008
"People say, well, do you ever hear any other voices other than, like, a few people? Of course I do." --George W. Bush, Washington, D.C., Dec. 18, 2008
"I've been in the Bible every day since I've been the president." --George W. Bush, Washington, D.C., Nov. 12, 2008
"In terms of the economy, look, I inherited a recession, I am ending on a recession." --George W. Bush, Washington, D.C., Jan. 12, 2009
Derp.
It would be much funnier if he had said, "Anyone engaging in illegal financial transactions will be caught and prostituted."
Then they could really pay for their sins.
LMAO, thanks.
hey now, don't be dissin south carolina.
i second that
Mozillo was screwing people, so he'll die a Capone-like death...and i don't mean by gunshot.
BAC will probably pay the Severance payment 12/31. That way they get to expense it for this year...and the laid off employees get the severance added to this year's earnings putting them in a higher tax bracket for a maximum screw job.
maximum screw job would be executive telling them that the job is actually necessary so they are just offshoring it to some slave in China or India for fraction of the salary while the laid off employees would be forced to train the new slaves in order to receive "severance"
That is not illegal because too many Americans still believe in the free market dream without realizing that that dream is for top 400 already wealthiest families only now.
What free market is that? Free market requires freedom, we live under a stack of coercion that is sky high all over the world. A free market means that you can engage in relation ships of your own chosing and not have relations ships with who you do not have to have one. Say economic life looks very much like normal life.
But thanks for dissing my freedom and promoting coercion, hope you get what you want hard and good.
All my relation ships have set sail :(
99 weeks of unemployment and a SNAP card.
When do the firings reach Treasury?
The Office of Thrift Supervision (OTS) was a United States federal agency under the Department of the Treasury that charters, supervises, and regulates all federally- and state-chartered savings banks and savings and loans associations. It was created in 1989 as a renamed version of another federal agency (that was faulted for its role in the savings and loan crisis). Like other US federal bank regulators, it is paid by the banks it regulates. The OTS was initially seen as an aggressive regulator, but was later lax. Declining revenues and staff led the OTS to market itself to companies as a lax regulator in order to get revenue.
...and like 1989, it is not really dissolved but merged into Office of the Comptroller of the Currency so regulatory failures will continue.
And doesn't Obama want to increase the 99 weeks in his jobs bill?
My bet is that 534 members of congress want to increase the 99 weeks as they watch the OWS crowds getting antsy for blood. It's a no brainer if it comes up for a vote, which it will.
Only 26 weeks UI in NYC, "because of the strengthening economic conditions" they've reduced coverage. FTW
Congratulations to the graduating class of 2011! You young Ivy League Grads will go off to conquer Wall St. from the mid-level up... err, Or you young grads can base at Zuccotti Park while you await instructions to storm 200 West Street to exact your LBS of creamy soft flesh.
Goldman Sachs is getting ready to increase its cost-cutting initiative even after $1.2 billion in cost cuts this past summer. It is probable that these cuts will cause even more job losses. Possibly somewhere around 1,000 jobs lost.
Year-end benefits and bonuses are the area of concern as this may be one of Goldman Sachs’ worst quarters. They are expected to reduce pay along with noncompensation expenses, like real estate and travel.
According to DealBook, “The executive warned that no final decision had been made on size of the cuts, and that the numbers could change quickly if the market improved or weakened.”
554 more OWS protesters?
this is the way incompetent executives MAKE bonuses, by cannibalizing the former salaries of lower-level workers
capitalism doesn't care HOW you make money. That's why it is important for a society to define the rules of money making. wall st. gambling bonus $ and executive bonus $s from layoffs should not equal to the little dollars for phD scientists working on curing cancer.
capitalism is running into the same labor motivation problem communism did.
communism: who wants to be a doctor when you can make same money as a janitor?
capitalism: who wants to be a doctor when you can make more money laying off workers as a "manager"?
Of course we already have both, which is why no one wants to be a doctor anymore.
I have half a mind to saying fuck it to my profession, which is built on years of higher education and licensing, where I take all the legal responsibility of what I do, and wind up with peanuts more than a lower stress job at which I would be overqualified. It's a screwed up world for sure. Same primary culprit as the housing debacle and soon to be college debt debacle.
Doctors too need to understand and join the 99% movement. You need $400k/year income to qualify as 1% anyways.
Janitors don't write the rules....the top 0.01% who owns the government do. They are the ones who set up the shitty economic system we have and allow least value-add to profit the most.
Damn!
Every time i think i am about to become a one percenter they raise the bar! Life isnt fair.
he is exaggerating, 380 or so & you're there
Whoa! Do I know where you are coming from.
F'ed up indeed. Doctors are a good example of how the system screwed anyone not making money from money alone. Black hole of endless liability and diminishing returns
sorry, not much sympathy for the licensed pushers of legal corporate pharmaceuticals, most of which cause more distress to the body than any dis-ease could.
the nation is hooked on "anti-depressants" and "painkillers" - medicated beyond the ability to hold a rational thought, to make any connections bar how to work their amazing array of gadgetry - remote controls for their TeeVee, and various i-gadgets to keep them busy and self absorbed. . . forever.
Free market capitalism is the only way of letting society decide its own priorities.
A free society defines the rules of money making by what individuals decide to spend their money on and with whom they chose to make the transactions. When Government imposes rules society no longer has the opportunity to define them and the politicians who can't possible know the diverse needs of millions of people inevitably create a system which fails to meet the needs of those not in the ruling class.
you won't get free market to work unless you are willing to give up your inheritance and your inheritance to your children. Otherwise you don't have free market but oligarchy where those who inherited massive wealth write the rules on what is to be "free" and what is not.
As a tax lawyer, I help those with vast wealth maintain it for generations in dynasty trusts, but what I see over and over again is the shoes to slippers to sandals phenomenon. Once the wealth is created, it has to be managed and maintained or it is lost. The next generation usually, and the following generation almost always, loses the assets in one way or another. There are exceptions, but that is clearly the rule. Sloth is never rewarded in the long term.
What we need is simple, a government that DEFINES AND PROTECTS PROPERTY RIGHTS. That is the essential function of every government, no matter the type, along with national defense. After that, you can argue about whether by tyranny of the majority you can get the government to pave roads, make bridges, provide social security, health care, etc. but the USSA is clearly eroding the Essential Function of government -- so there can be no market prosperity.
Going forward, the US economy will produce more billionaires through inheritance than self-made ones. I've been predicitng this since 2008.
It's the net result of over-concentration of wealth, which is a phenomenon that chokes out all meaningful competition and destroys free-market forces in favor of rigged-market forces.
It's an inevitalbe consequence. This lesson was learned many times over in history
I think that if you look at dynastic power throughout history you'll see that it has been held by those in government or by those who manipulate the power of government for their own ends. Is it a coincidence that as government power has grown over the past century so has the ability of the oligarchy to maintain their ill gotten wealth?
A free market would tear down anyone who doesn't produce goods or services which people want to buy. No one would willingly hand over money to the members of a rich family simply because they are rich.
Geez, thank GOD somebody finally gets it!
I try to explain to everyone I meet that there's people with high incomes, people with a lot of money, people with neither and people with so much money they control the government and media. The last group has the third group fighting the first group because they think its the first and second groups doing what the last group is doing. we're all just little hamsters running for the pleasure of the last.
Not inevitable, and clearly avoidable. IF WE ALLOW immigration into the US by people of means and education, and IF WE DISALLOW immigration of people of unwanted classes, such as Shiate Muslims [sorry, had to put that in there], then we can attract the best and the brightest and we can still be the creative country. Our immigration policy is very unproductive. In Switzerland you must buy medical insurance. If you do not, and are not a Swiss citizen, they deport you, period. Switzerland does not allow just anyone from anyplace into the country and you have to behave to stay. People of means, people with talent and skills, are given incentives to immigrate while people with no means and low education are not. The Swiss have this right.
First you said government should only protect private property and provide a national defense. Now it should maintain an immigration policy that discriminates against religion and require residents to have medical insurance? You're halfway down the slippery slope already.
Too true on the loss of family wealth that has not been earned...
Perhaps you should refine your definition of property rights to "soverign individual property rights"?
Currently our government does define property- everything is theirs. Emminent Domain, Extra-territorial zoning, Condemnation, etc.; all in the name of The People. However, it is always the few in government - those easiest to be manipulated by TPTB - that make the choices. Once they have institutionalized the theft of proerpty from the individual by statute, those that follow blindly enforce these unconstitutional acts by claiming "that's the law".
That simply isn't so. If a child inherits wealth he must have the wherewithal to maintain or increase it or it will be lost. The only way to increase wealth in a free market is to provide desired goods and services which benefit society. If he loses his wealth it will fall into the hands of others who will have the same opportunity to either succeed or fail at creating wealth through producing desired goods and services. The more goods and services available the easier it is for people to eat, wear decent clothes and live in a suitable home.
Your comment presupposes a rule of law, which is no applicable in the USSA. Without the government defining AND protecting property rights, you cannot have the market.
Of course you can have property rights without government.
If government could protect property rights (which it can't because government relies on taxation which is the abrogation of property rights) then it would have to operate according the the will of the people and with the cooperation of the people. There is no reason why the people can't come to the same consensus in a completely voluntary manner rather than through application of force because the vast majority of people want protection of personal and property rights.
The application of force on a grand scale is only necessary when the government tries to accomplish goals which the mass of men oppose.
Natural law provides that each man owns his own life and his own property and that he may protect them in proportion to any threat made against them. As long as most men are as willing to defend their own natural rights and those of their neighbors as willingly as they currently fight and die in foreign sand for oil companies (or cheer for those who do) then natural rights will be well protected.
and do a slight beat on earnings or top line rev.
hmmm.... Hypertiger reference? Yup, economic cannibalism. Just getting started though.
And so it goes..
aka wealth transfer from party A to party B.
Is there a CDS against these ( to be screwed) bankers? I'll sell my gold to buy it!
Maybe inTrade will one day come up with that.
Check out the Tilt website for more info on...oops - scratch that.
In this economy its best to stay liquid. I like assets that can be readily converted to chili. Like tomatoes and beans.
Hm, it sounds like you are planning to produce your own natural gas.
I take it you are #occupyagarden
eck meant to say, who's at 222broadway, the traders?
ATMs bitchez
Exactly! Know how to drive a bobcat?
http://www.youtube.com/watch?v=nCPFwoECsXo
Apparently The USA is now going to war with Iran. I didn't see that one coming. When debt and the banks are having a hard time go to war. Yipeeee...
There's more chest thumping going on but I've seen this every autumn since 2006. There must be some value in simply threatening war over and over again from the perspective of TPTB.
Ripoffblican tactic to distract you from what's really hurting America...wall st. corruption
yeah, Iranians and muslims are laying off Americans for 0.5% profit increase and gambled your savings off and now asking for a bailout right?
America, focus on the needs of 99% not what the richest of the rich wants to protect
Is it 'wall st. corruption' that is our biggest problem? If our government was competent to execute its laws, we wouldn't have these problems. The lawlessness starts with our government/Bannana Republic?
Jump, you fuckers!
Other Financials Affected:
BNY-Mellon:
http://www.labor.ny.gov/app/warn/details.asp?id=3349
Capital One:
http://www.labor.ny.gov/app/warn/details.asp?id=3311
And please let the city finish cleaning the park before joining the party.
The granite of Zucotti Park must be jetsprayed prior to Tahrir 2.0
"Like it never happened."
Long: Servpro (I wish)
Right before annual bonus will be released. It makes sense.
+1..
I was adding that note at the same time you were posting it.
Things are getting ready to fall apart. I have been buying gold and silver for years preparing for this. You dont need to invest everything you have but you better own some gold and silver. I just bought a monster box 2 weeks ago and glad I did. If you are looking to buy get the most for your money http://www.goldshark.com/products/silver-coins/silver-coins-rounds/american-silver-eagle-coins.html
Adios bitches! I feel bad for you but then again....I don't.
Even the favored toadies eventually get downsized out when their work is done. Leaner and meaner, Bitchez!
Roubini weighs in on "revolution":
http://www.nationofchange.org/instability-inequality-1318516107
I had more faith in this "revolution". From what I learned people's selfish interests will get the better of (almost) any movement. Hegel still rules wilth a velvet glove; damn this fucking system.
It's human nature that overshoot will happen--and the longer it takes to address the excesses of the status quo, the more severe the "correction" will be, if history is any guide.
Sadly, the useful idiots who successfully delay the day of reckoning marginalize themselves to utter irrelevance by that point.
That's why personal sovereignty makes so much sense. Why give supreme power to a ruling class when they will inevitably use that power to advance their own agendas? As sovereign individuals we rightly use our individual power to advance our own interests and those of our family and friends. Only a system which recognizes the right of each individual to control his own body and property can balance man's very natural inclination to self preservation and advancement.
Do you suggest we end the fraud of the Corporate Person as part of that?
As a sovereign individual I already refuse to consider corporations to be people. Only in a government court or other government venue would I be forced to consider such obvious foolishness to be reality.
Good answer, CA!
IMO, it would be a good idea for the Liberty crowd to make themselves clear on this point.
Cheers!
Plant layoff indeed.
I like the language. It's a plant where they mass-produce poverty.
And business is booming!
I knew we could print our way to prosperity!
money printer is down....too much printing.
Now US corporations are laying off workers on America's 400 richests' way to prosperity.
Potted plants?
Her name was Linda Foehr
I hope you had a Helluva piss Arnold!
Webpage already no longer responding =)
Well at least they will no longer be assessed the $5 daily fee for coming in to the office.
I'm guessing John Collingwood, Senior Vice President just shit his pants.
FUK! I HAVE BEEN FIRED! COULD ZH HIRE ME?
first you have to stand outside the door and have abuse hurled at you.
then a few days later you get a volunteer assignment - maybe
This all could have been avoided, if only the monthly debit card fee had been $10 instead of just $5.
Maybe, maybe not.
It will will take a year of debit card fee collections from nearly 300,000 BofA account holders just to cover the severance of the two recently departed execs ($11M).
Another cut is the severance package is equal to $33K for every laid off BofA'er.
less banksters the better world.
Jump you fuckers!
Rather than jump....how about return to the executive offices and pull a suicide bomb stunt?
However, on second thoughts, no....it would just be blamed on the Iranians by our "leaders" and get us into another "war"
the elites are truely sick. they want their bankster minions to jump off of a high rise in NYC on top ot we are 99% protesters to kill both.
don't let the door hit your ass on the way out
Lots of low level folks feed the beast. They're your family, friends and neighbors. Isn't it enough to be happy that the beast is loosing its grip without laughing at the more or less innocent bystanders who are getting mauled because they just wanted a job like everybody else?
Guilty by association. Low level folks need to grow up and stand up against the beast instead of feeding it and later crying home when the beast does beastly things for they are enabling the beast. So far only Warren Buffet is standing up to the beast. Everyone else is playing the "I've got mine, so fuck you" game. American individualism I guess.
Real friends, family, neighbors put friendship, family, community as priority over profits, idealogies, greed.
We shall put karma to test. If these folks drank champaign while yelling "get a job you hippie" at the occupywallst. protesters, then they get no sympathies from me.
But sooner or later, we will all be forced to face the reality that we live in an oligarchy of 400 richest billionares.