Largest US Bank Failure....was also my employer.

I don't know if this is true or not, but my coworker was telling me that the CEO for WaMu was on the job for 17 days and got a $20 million severance. WTF?

When I heard that WaMu was the largest thrift bank in the world, I knew it was just a matter of time before they were taken over. Didn't think it would be this soon though.

I'm in the housing sector and things have not been good all because companies were giving out shady mortgages to people who they knew damn well couldn't afford them. I'm fortunate I still have a job because I don't feel like going out to search for a new job.
 
I work 3rd shift at a grocery store(I hate it, but thankful as fuck I have it), prices on ALOT of shit has fucking skyrocketed.

Any "sales" we've had recently was practically the old price. The people that come up to me and complain (hey, I just put it on the shelf)

I've noticed alot of usually "busy" nights have had less people, I'd say it'll crank up Thanksgiving and Christmas (not new years, dry county. no alcohol here) and then it'll go back to how it is now, unless some bad winter storm blows through, as people will decide to stock up.

Grocery is a good place to be in these times really(until there is no money), my dad said it best:
"People gotta eat."
 
I work in real estate and the last few years have obviously not been good but good agents/companies can survive in down markets The news through in last couple weeks though, has been very distressing.

There is a major difference between keeping our company alive in a soft market as opposed to an economic collapse/depression. Now obviously that is worse case scenario but with what is going on right now it is something that needs to be entertained as a possibility when we have our planning meetings.
 
I work in tech and I just quit today to go back to school. When i gave my boss the 2 weeks she told me they were planning on moving my department to china.

One problem though about the issues with the US banks going down is that we're affecting the world economy.....I hope that we can re-establish our trust with the world. According to Ron Paul's book the fall of the Roman empire started with their currency turning to crap.
 
yeah restaurantand entertainment industry is hurting as well. i'm freaking out a bit. in a few months when i get my exec certification...up until like two years ago it would have been guaranteed that i could get a job easily at pretty much any resort anywhere. the advisers at the school now though are telling us to be ready for a job search...people aren't going on vacation as much anymore.

fuck you W. i saw this coming. i'm going to throw up.

also, you can't turn this around and blame initiatives put into place by clinton because if the economy had remained as he left it...or been better, as he was directing it...then those initiatives would have worked out and been good. this is ALL W's FAULT...well...i guess it's the people who were thick enough to vote him in in 04's fault. 2000...ok we all make mistakes...but face it...shame on us as a nation of idiots. this is ALL because of bullshit debts, corporate bullying, aborted diplomacy, and a general complacency about it by a large voting portion of the american people. we all watched it...step by step...we smelled this shit-cake cooking for the last 7 years and we all held our noses and opened the windows and lit up a stick of nag but nobody turned off the fucking oven. now we all have to grab a plate and a fork.
 
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