Really

[KSigkid]

Originally Posted by Munchkin03

I'm not commenting on it because I like that GC, for the most part, is where I don't have to think about this stuff.

In short, it sucks. Most of my friends, and a good number of our clients, are involved in big-time investment banking. I think Middle America may feel the financial crush before I will, but we're feeling the emotional crush here in NYC.

I have a few friends who have either A) just started working for one of the companies involved or B) worked there as a summer associate/intern, and are now freaking out about their jobs. We talk all the time in law school about the economy, and how it's affected the hiring practice of firms and companies, but nothing like this.

I feel for everyone involved; employees, investors, everyone - just a bad situation.

[PeppyGPhiB]

My bf has been calling this for the last 1.5-2 years. Seriously. He thinks it could come close to what we saw during the Great Depression. It terrifies me the way he talks about it; for a long time I ignored what he was saying, but it's all been coming true so now I think he really does know what he's talking about. I'm glad I moved some of my money into bonds several months ago, but he says that bonds are about to bust, too.