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Bort olds, describe the Great Recession
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Date: April 26th, 2019 10:14 AM Author: tripping blue brunch son of senegal (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38145463) |
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Date: April 26th, 2019 1:28 PM Author: diverse new version People were worried the worldwide financial system would collapse. It didn't, but people were worried. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146638) |
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Date: April 26th, 2019 1:41 PM Author: henna floppy pisswyrm state I remember there was a plaster who was an associate at Weil that posted that he was drafting the first day motions for AIG and that made me very nervous. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146705) |
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Date: April 26th, 2019 3:42 PM Author: sexy point Partners at my firm were hording cash and gold. NYC V20. Not a joke (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147406) |
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Date: April 26th, 2019 10:40 PM Author: impressive milk Shut this thread down that wasn’t long ago (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38149173) |
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Date: April 27th, 2019 2:29 PM Author: costumed maroon box office feces (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38151225) |
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Date: April 27th, 2019 2:30 PM Author: costumed maroon box office feces (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38151227) |
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Date: April 27th, 2019 2:30 PM Author: costumed maroon box office feces (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38151228) |
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Date: April 27th, 2019 2:30 PM Author: costumed maroon box office feces (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38151229) |
Date: April 26th, 2019 10:14 AM Author: Disrespectful misanthropic lodge sound barrier everyone was freaking the fuck out like it was the end of the world
especially boomers in charge of law firms |
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Date: April 26th, 2019 10:16 AM Author: tripping blue brunch son of senegal (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38145471) |
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Date: April 26th, 2019 10:16 AM Author: Disrespectful misanthropic lodge sound barrier yes (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38145472) |
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Date: April 26th, 2019 11:48 AM Author: Hairless Rigor It felt like the end of the fucking world. And then the layoffs came. Hundreds of thousands of layoffs. It was on the news every night. More people losing their jobs, stocks cratering, foreclosures rising, people forced from their homes they couldn’t sell to anyone. It was pretty bad in 2009-2010. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146103) |
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Date: April 26th, 2019 2:41 PM Author: Stirring brethren Earl got Lathamed. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147077) |
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Date: April 26th, 2019 11:55 AM Author: pearly chest-beating skinny woman No, it was really bad. We're talking about the possibility of all of the major banks failing and not being able to withdraw money from the atm. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146152) |
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Date: April 26th, 2019 12:13 PM Author: tripping blue brunch son of senegal (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146242) |
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Date: April 26th, 2019 12:21 PM Author: pearly chest-beating skinny woman Yeah, and the Cuban Missile Crisis was no biggie because no one launched an ICBM. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146285) |
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Date: April 26th, 2019 3:42 PM Author: sexy point (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147412) |
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Date: April 26th, 2019 12:39 PM Author: supple pungent menage kitty bear stearns and lehman bros went under.
a bunch of banks had shotgun weddings to survive (wamu, wachovia)
check out this list: https://en.wikipedia.org/wiki/List_of_banks_acquired_or_bankrupted_during_the_Great_Recession |
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Date: April 27th, 2019 11:43 AM Author: lascivious stead At least two of my coworkers were laid off and then killed themselves because they couldn’t face the inevitable loss of their house, inability to pay for their family’s shit. So ya no big deal. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38150630) |
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Date: April 26th, 2019 10:15 AM Author: Bonkers site McCain SUSPENDING his campaign and RUSHING to DC to save the economy LJL (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38145470) |
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Date: April 26th, 2019 10:18 AM Author: tripping blue brunch son of senegal (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38145476) |
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Date: April 26th, 2019 10:23 AM Author: Bonkers site Yep, McCain singlehandedly saved the economy (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38145490) |
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Date: April 26th, 2019 11:36 AM Author: Shimmering Roast Beef Corner (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146038) |
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Date: April 26th, 2019 11:57 AM Author: elite sanctuary gaming laptop (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146154) |
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Date: April 26th, 2019 1:01 PM Author: green charismatic stain liquid oxygen (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146543) |
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Date: April 26th, 2019 1:41 PM Author: honey-headed boyish hell (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146702) |
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Date: April 26th, 2019 2:39 PM Author: irradiated dysfunction (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147063) |
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Date: April 26th, 2019 2:39 PM Author: irradiated dysfunction (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147062) |
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Date: April 26th, 2019 3:20 PM Author: Dashing fiercely-loyal den half-breed This was one of the lol moments in the whole thing. Obama was like, ok, what is your idea? McCain was like “IT WAS MY IDEA TO MEET! YOU GUYS HAVE TO HAVE IDEAS TOO!” (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147265) |
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Date: April 26th, 2019 3:31 PM Author: Lemon exhilarant newt range (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147339) |
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Date: April 26th, 2019 10:18 AM Author: Apoplectic antidepressant drug school Just dashed dreams, high debt and a decade of lost income and career progression for tens millions of young people NBD. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38145477) |
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Date: April 26th, 2019 11:38 AM Author: Bat shit crazy pink regret center (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146046) |
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Date: April 26th, 2019 11:49 AM Author: deranged address (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146122) |
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Date: April 26th, 2019 1:08 PM Author: razzle fuchsia stag film fanboi (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146570) |
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Date: April 26th, 2019 2:31 PM Author: comical crusty theater gaping Cr honk honk (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147016) |
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Date: April 26th, 2019 2:40 PM Author: irradiated dysfunction (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147065) |
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Date: April 26th, 2019 4:07 PM Author: sexy point "Creative Destruction!" hehehehehehehehehe (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147541) |
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Date: April 26th, 2019 10:20 AM Author: green charismatic stain liquid oxygen traffic was better, fewer flight delays, could stay at 5* resorts for like $125, every fast food chain had their version of the dollar menu. good times. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38145482) |
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Date: April 26th, 2019 1:04 PM Author: high-end abode sex offender I remember the good old days of $1 McDoubles (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146553) |
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Date: April 26th, 2019 1:10 PM Author: green charismatic stain liquid oxygen I was referring to $1 double stacks from Wendy's and the BUCKDOUBLE from BK. mcdonald's actually was faggot and switched to the mcdouble vs. the DBC, which cost a buck since like 1995. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146574) |
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Date: April 26th, 2019 10:23 AM Author: Razzmatazz hateful location There was massive panic and whether that was justified depends entirely on who you ask. I know people that got fucked career wise and never recovered. I also know people that survived that got cheap real estate and profited off of ITE. People just starting out that either got laid off or couldn't get jobs were hit the hardest, along with older people that lost their jobs.
At the early stages there were massive layoffs and no one knew if they were going to hang on. Still, the economy had been so good for so long that many thought everything would just bounce back. It took a while before the phrase "new normal" started to enter conversations which was the point at which people were seriously starting to get legit terrified. One of the crazy results was that no one left jobs anymore, everyone held on to what they had, so there were almost no open jobs. Those that were open had absurd number of applicants. |
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Date: April 26th, 2019 10:28 AM Author: yapping vibrant pit (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38145516) |
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Date: April 26th, 2019 3:18 PM Author: Haunting native ratface for the most part - the people that got screwed just "went away"
I know a guy from my T25 law school who was in the top 1/3 who didnt get a job, and after ITE he just ended up doing part time work until getting fired.
new jobs were filled by new kids many years later. |
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Date: April 27th, 2019 12:21 AM Author: Razzmatazz hateful location tcr. I knew a guy that even made biglaw but got laid off. The guy basically went off the grid. Killed his social media stuff, and according to rumors dropped out of law. His family was blue collar so might have gone and did that. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38149538) |
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Date: April 26th, 2019 10:27 AM Author: Motley Reading Party It ruined a lot of peoples lives but you just dont hear about it. I suspect the current opiate crisis stems partly from it.
Revealed how quickly and easily corporations are willing to lay everyone off. How quickly law firms will sacrifice every last associate before a single equity partner. How laughable "moral hazard" is as both dems and gop rushed to give megabanks cheap lines of credit to save themselves. Ideology is easy when times are good but when there's an actual panic? Lol.
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Date: April 26th, 2019 10:28 AM Author: exciting mustard pozpig crackhouse (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38145510) |
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Date: April 26th, 2019 10:29 AM Author: yapping vibrant pit (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38145519) |
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Date: April 26th, 2019 10:29 AM Author: Sepia swashbuckling nowag national security agency It pretty much ruined my life, notflame. Im still fixing my life after getting absolutely ASSRAPED by that recession
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Date: April 26th, 2019 10:31 AM Author: Motley Reading Party (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38145534) |
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Date: April 26th, 2019 10:38 AM Author: Razzmatazz hateful location A lot, including us, ended up ultimately fine but it ended up putting a lot of people behind by like 5-10 years. So when you see articles on how this generation still has lower rates of homeownership, fewer kids, etc. - ITE is a big part of that. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38145591) |
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Date: April 26th, 2019 10:40 AM Author: Sepia swashbuckling nowag national security agency I am not exaggerating when i say that recession ruined my marriage track relationship, made it extremely difficult for me to buy a home, and negatively affected both my physical and mental health in such a way that i am still recovering. I am "fine" now but 7-8 years behind where I "should" be (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38145613) |
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Date: April 26th, 2019 10:45 AM Author: Razzmatazz hateful location :(
Sorry to hear that. Plenty of people outright killed self or spiraled into drug addiction that killed them.
Sure, Nutella might say it was nbd but, for example, Earl got got. What was most interesting is I remember a thread where everyone was discussing whether people would be willing to take a paycut so everyone could survive and have less hours over the layoffs and Nutella bitterly opposed it. Pretty interesting insight into the totally different perspectives of people about ITE, both during and after. |
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Date: April 26th, 2019 1:41 PM Author: honey-headed boyish hell But you got to fuck that tranny. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146706) |
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Date: April 26th, 2019 4:08 PM Author: sexy point cr (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147547) |
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Date: April 27th, 2019 5:54 AM Author: Sepia swashbuckling nowag national security agency (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38150018) |
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Date: April 26th, 2019 10:36 PM Author: Splenetic Shaky Voyeur This sounds like bullshit to me. Your income doesn't affect your emotional well-being, relationships, or physical health, certainly not as a woman. Life goes on whether you are a prole or middle class. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38149159) |
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Date: April 26th, 2019 5:54 PM Author: excitant ladyboy You’re not “fine” by any measure you faggot kike (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38148079) |
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Date: April 26th, 2019 11:39 AM Author: bipolar casino I graduated law school right when it started, so let's just say that it "set me back" a few years. I'm still feeling the effects of it. Definitely ass raped me.
I also know a girl from a rich family who started escorting for money during ITE. It was a huge scandal once it came out in our group of friends |
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Date: April 26th, 2019 11:44 AM Author: yapping vibrant pit She was smart (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146081) |
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Date: April 26th, 2019 12:14 PM Author: Razzmatazz hateful location By the way, I'll bet if you were rich and wanted to get an escort that it was a great time. A lot of girls that would generally never consider escorting suddenly were doing it. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146247) |
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Date: April 26th, 2019 1:16 PM Author: startling electric philosopher-king Weimar America (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146595) |
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Date: April 26th, 2019 1:26 PM Author: Razzmatazz hateful location Yeah, this is what you see in fallen/defeated empires. Defeated Germany and Japan, Post-USSR Russia and other former member states saw people the equivalent of upper or middle class prostituting themselves for shockingly little, just to stay afloat. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146625) |
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Date: April 26th, 2019 9:32 PM Author: startling electric philosopher-king we are spiritually defeated too. very sad. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38148878) |
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Date: April 26th, 2019 11:49 AM Author: Razzmatazz hateful location How much did she charge? (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146115) |
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Date: April 26th, 2019 12:17 PM Author: bipolar casino Her roommate (who was her best friend) went through an old cell phone belonging to the escort when the escort got a new phone and left town for the weekend. Roommate was very suspicious because the escort would occasionally get nice gifts (escort was the first person I knew with a really big flatscreen tv) and go on trips a lot, and "worked from home doing marketing for a bank." Anyway, on the phone she found all sorts of texts to "johns" and price lists. It wasn't that much at all, like $250 for sex.
The most hilarious part was that it cost like $275 for the escort to piss on you. This cost more than sex. That was part of her "menu"
Roommate took the phone out to the bars and showed all of us. It was scandalous. Roommate was livid because escort was apparently bringing johns over to their apartment while the roommate was at work. You could read about it in the texts
Also FWIW I got a BJ from the escort once, but of course it was a normal shack up and I didn't pay. Great natty tits. |
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Date: April 26th, 2019 12:20 PM Author: seedy multi-billionaire mediation Roommate sounds like a real fucking bitch (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146271) |
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Date: April 26th, 2019 12:21 PM Author: bipolar casino I thought it was fucked up personally. They were legit best friends before this, and the escort, while she was fucking her life up big time, was an awesome person and one of the only legitimately hilarious girls I've ever known. I think she has an IRL job now, moved to Raleigh NC (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146280) |
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Date: April 26th, 2019 12:22 PM Author: seedy multi-billionaire mediation (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146291) |
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Date: April 26th, 2019 12:31 PM Author: Razzmatazz hateful location (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146356) |
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Date: April 26th, 2019 1:12 PM Author: razzle fuchsia stag film fanboi (ur future wife) (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146579) |
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Date: April 26th, 2019 5:48 PM Author: Talented indecent headpube Did she keep her name? (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38148062) |
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Date: April 26th, 2019 12:30 PM Author: Razzmatazz hateful location Holy shit. 180 details. Shocked she did it for so little coming from a rich family. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146350) |
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Date: April 26th, 2019 1:00 PM Author: bipolar casino I think she just didn't want to ask her family for money. Tried to get a job but got ITE'd. Got on sugardaddy.com, tried it out, fell into the "lifestyle"
People would occasionally see her out at bars with some white haired boomer (she was like 25) and she would always explain that its some friend of her dads that was visiting from out of town. This happened a few times. |
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Date: April 26th, 2019 1:17 PM Author: Razzmatazz hateful location lol, hilarious that she was too proud to ask her actual daddy for $$$s but not too proud to escort. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146600) |
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Date: April 27th, 2019 11:24 AM Author: Cruel-hearted Spot The image of the boomer buying sex from spiritually defeated millennial basically sums up America ITE-present (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38150561) |
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Date: April 27th, 2019 2:27 PM Author: Razzmatazz hateful location Boomers fucking our generation in so many ways (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38151220) |
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Date: April 26th, 2019 10:30 AM Author: Contagious buff mental disorder chad (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38145522) |
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Date: April 26th, 2019 10:32 AM Author: Razzmatazz hateful location "I suspect the current opiate crisis stems partly from it."
Absolutely. And the death of much of the center of the country.
What many don't realize is that many of the jobs that were lost never actually came back. Melissa, 56, who had a great job in accounting in Cincinatti never got her job back, or a comparable job. They ultimately automated her function away. However, two new jobs coding whatever popped up somewhere else. That doesn't help Melissa at all and the companies hiring generally want to import H1Bs to fill them anyway.
"Revealed how quickly and easily corporations are willing to lay everyone off. "
Absolutely. Any illusions that our society had not become totally corrupt vanished. Seeing that people already filthy rich weren't willing to accept lower profits so their employees that needed the money to eat or pay their mortgage wouldn't be totally fucked is something that ultimately made calls for socialism more acceptable again. |
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Date: April 26th, 2019 10:38 AM Author: Shivering purple main people cuck If only there were some type of an organization that could organize and advocate on behalf of workers. If there were I bet the populist anti GC trump would be a big proponent of it. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38145592) |
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Date: April 26th, 2019 10:39 AM Author: Razzmatazz hateful location Unions are shit too and really not the solution for Melissa in accounting or young law firm associates. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38145599) |
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Date: April 26th, 2019 1:57 PM Author: Hyperactive Flushed Shrine Giraffe CR
Threats to large-scale stop work make the decision to outsource even easier.
I work in consulting and in every major merger i've seen, back office jobs get automated/shipped to India, and no new jobs in USA/EU are created. This is where the "synergies" come from to justify deals to the rat-faced men who run things. |
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Date: April 26th, 2019 3:08 PM Author: Razzmatazz hateful location That's exactly it. For any sensible business, unions are an absolute dealbreaker. That was a major issue for Amazon in NYC too. Even if I can do something in the US but I have to deal with union labor or I can go abroad with no union, I'll do the latter every single time.
As you say, the work stoppage threat + threat of violence/sabotage/etc. is too much to accept. |
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Date: April 27th, 2019 5:19 PM Author: bistre frozen azn legal warrant Then stop companies from outsourcing. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38151998) |
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Date: April 26th, 2019 11:37 AM Author: Shimmering Roast Beef Corner (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146041) |
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Date: April 26th, 2019 11:42 AM Author: Violent halford (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146066) |
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Date: April 26th, 2019 1:10 PM Author: razzle fuchsia stag film fanboi (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146572) |
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Date: April 26th, 2019 2:40 PM Author: irradiated dysfunction very very cr.
It made me realized that firms do not give a FLYING FUCK about Associates.
You have to look out for yourself. |
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Date: April 26th, 2019 3:47 PM Author: passionate sandwich principal's office Partners got screwerd too. tons of firms dequitized partners and/or created multiple tiers of partners during ITE. The successful boomers pulled away from everyone else. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147447) |
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Date: April 26th, 2019 10:28 AM Author: 180 public bath alpha The acronym "ITE" still strikes fear into the hearts of men who were there. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38145518) |
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Date: April 26th, 2019 10:40 AM Author: Pearl Hospital Really Tough Guy Helped assfuck me! (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38145607) |
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Date: April 26th, 2019 1:42 PM Author: cheese-eating hot international law enforcement agency Lol your alpha gf would pwn your tiny little salary so hard and it was clear it made you mad AF. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146707) |
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Date: April 26th, 2019 11:36 AM Author: yapping vibrant pit I started college around 2008 - so I vividly remember the recession. I remember the market collapsing and stock prices getting obliterated and then as time went on I came to appreciate the other effects on house prices, social behaviors etc. In many ways, the world really ended then - or at least a line in the sand was drawn. That line at least separated the world of Boomers and 90's American Optimism from "The Now" It was a world that started to die in 2001, but was finally butchered with the remains hauled to the charnel ground to rot from 2008 to 2012.
For a while when the recession started, there was actually optimism among my cohort - because house prices became cheap as FUCK - and we were still in undergrad, or just about to get out. A lot of us had some money stashed as well - from saving, dealing drugs, working shit jobs or other little hustles that we had busied ourselves with as kids. We all kept thinking (actually, we were constantly told by boomers) that because we were in a good college we had a really strong shot at getting great jobs and had solid opportunity in front of us. After all, housing was newly cheap.
I think that the 08-12 period was the time that really broke Boomers brains. A lot of us fell for really bad Boomer advice because we thought that they still had a solid grasp of what was going on - or were at least less clueless than us. They sure acted confidently and we had no reason to doubt them.
Looking back on it, I think they started to run amok and stick those ostrich heads as far into the sand as they could ram them. It's like in the movies when you are an unwitting crewman on a boat in tough seas and then realize the captain of the ship has gone insane.
The two most damaging Boomer lies that pervaded this period were "Study what you like and the money will follow" - which had been pimped for a couple of decades by this point and the second lie that surfaced and rose to prominence was "You Just Need More Education (TM)" - hence the massive push of boomers to send their kids or pressure them into grad school to "Ride the Recession Out."
Looking back on it, it was a convenient way for my parents (and I'm sure millions of others in my age cohort) to abdicate the responsibility of thinking rationally about the situation or telling their kid that shit's gonna be hard for a long time and that they are far from special - and that millions of competition have been imported to fuck them over.
Maybe the Boomers just couldn't accept it, to honestly apprehend the extent of their behavior was just too horrible and sparked a cognitive dissonance?
This type of mindless parrot behavior made me really think about the true nature of the Boomer - maybe this was their default strategy? They had been weakened by decades of effortless prosperity - perhaps just waiting for another lucky break was the only thing they really knew how to do?
If I had been thinking logically, I would have gotten a job as a mailman or a union dockworker/carpenter the day I finished my last course requirement in 2011 or so. Summa Cum Laude in two subjects. Even then I had a good amount of cash and investments that I was grinding up little by little. With a steady paycheck I could have gotten a sweet deal on properties that today are selling for double or triple of what they went for in 2012. Could have been a blue collar millionaire and happy about it.
Unfortunately, I was not awake yet and was still deluded into thinking that Law School (could have easily been another carrot on the string though, I was rudderless and grasping at whatever line of bullshit my Boomer parents were throwing at me) was the answer.
I didn't yet realize that they only intended for me to meet whatever petty goal they had set not for my own personal benefit - but so they could tell their friends at cocktail parties that I had a prestige job. Even if it meant me being broke and in debt for decades. Only later did I realize how simple and talismanic the thinking of a Boomer really is - they just are dazzled by those shiny degrees on the wall. All form, no content. This was the hardest thing for me to understand.
It was only years later, when I made over $50,000 in one day (before taxes of course), that the only thing my Mom could say to support her son was "This is why you should go back to school and get a PHD." Money literally meant nothing to them - Maybe because it always came to boomers so easily? No matter how prosperous their son was, he still didn't have that shiny credential. That was when I realized I could have had a billion dollars, a supermodel wife and a flourishing family and that STILL wouldn't have made them as happy as if I had been a broke adjunct with a PHD living in a car on foodstamps. Maybe they just couldn't accept the fact that their kid did it his way and not theirs?
For me I quickly realized that Law School wasn't the answer - I just didn't like it and it made me miserable - so I dropped out. From the frying pan into the fire.
After dropping out of LS and drinking away more than a few months while I was looking for work as a Lib Arts college graduate, I began to really comprehend the Boomer and to appreciate just how fucked I really was. I started living the ITE stereotypes.
Moving back home with my first "job" at an unpaid internship at a small boiler room company run by disgusting boomer pigs and their Gen X errand boy. This was 2012 or 2013 or so. On a fluke I got into an actual somewhat decent salaried job, but with no mobility by another oppressive Boomer boss.
Things started to get better for me around 2015. I had become more jaded and disciplined. By then I had quit drinking and eventually smoking. The clarity caused me to became a lot more disciplined and strategic and gave me the guts to carry my hustles forward.
Since college I was always doing little side stuff to get money because something inside of me knew that the only way to get ahead with the hand I had been dealt was to hustle.
I eventually had enough money, security and credentials to break away from my job and start my own practice, working for myself. Then came two other lines of business where I couldn't imagine the success I would have had as a clueless college kid, watching that stock market start to drop in 2008. |
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Date: April 26th, 2019 11:52 AM Author: Mahogany theater stage (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146134) |
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Date: April 26th, 2019 11:54 AM Author: medicated gay wizard library good poast and spot on about boomer psychology
they really do all exist in a weird disconnected ivory tower world where money and material needs are not an object and only vague abstract credentials and virtue signaling matter |
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Date: April 26th, 2019 12:18 PM Author: crystalline beady-eyed meetinghouse Cost of College = 1 summer job (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146264) |
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Date: April 26th, 2019 1:29 PM Author: geriatric senate (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146651) |
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Date: April 26th, 2019 1:00 PM Author: Cruel-hearted Spot great poast (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146535) |
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Date: April 26th, 2019 1:17 PM Author: high-end abode sex offender (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146597) |
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Date: April 26th, 2019 2:47 PM Author: Razzle-dazzle bearded base inspiring. what is it that you do (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147110) |
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Date: April 26th, 2019 2:53 PM Author: Shimmering Roast Beef Corner lol go back to ur truck stop petey (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147134) |
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Date: April 26th, 2019 2:53 PM Author: Shimmering Roast Beef Corner very good job
lots of smart and talented people on xo
just read it and weep |
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Date: April 26th, 2019 11:49 AM Author: house-broken self-centered striped hyena trailer park it was miserable but ironically managed not to lose my job then, although in retrospect i wished i had and not wasted 2 more years at that shit shop. i just happened to be doing corporate work in the energy sector which recovered pretty quickly.
will never trust the banks, mortgage brokers or any of these worthless money shufflers again, as if there were any reason to trust them in the first.
My boomer mother bought up some depressed real estate though in spring 2009 and i expect it will make for quite a nice inheritance one day. |
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Date: April 26th, 2019 11:50 AM Author: Vigorous Resort Circlehead yeah my career is ruined because of it but honestly its probably because of my autism and hatred for myself (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146127) |
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Date: April 26th, 2019 11:53 AM Author: pearly chest-beating skinny woman We did this thread last year. Anyway, in early 2008 (maybe february) there was a poster who posted a thread entitled "1930's style chaos by October 2008". Anyone remember who that prescient poster was? (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146136) |
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Date: April 26th, 2019 11:54 AM Author: Disrespectful misanthropic lodge sound barrier noncuratlexus (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146148) |
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Date: April 26th, 2019 12:55 PM Author: maniacal locale Anyone have the link to the thread? (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146507) |
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Date: May 11th, 2019 3:12 PM Author: tripping blue brunch son of senegal (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38220645) |
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Date: April 26th, 2019 11:58 AM Author: Lavender concupiscible church building it was fucking horrible. BIGLAW summer lunch budges were cut from $50 per person to only $25. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146159) |
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Date: April 26th, 2019 12:04 PM Author: Bat shit crazy pink regret center cr, and some of the people on the management committee had to cut down to 2 foreign vacations per year (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146201) |
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Date: April 26th, 2019 1:55 PM Author: Poppy Gunner (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146785) |
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Date: April 26th, 2019 1:59 PM Author: green charismatic stain liquid oxygen not flame, I got more free food/booze in 2005-2007 than i have in the 12 years since then. shit was flowing back then. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146823) |
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Date: April 26th, 2019 2:07 PM Author: Poppy Gunner how have you readjusted to the current realities? (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146883) |
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Date: April 26th, 2019 2:50 PM Author: green charismatic stain liquid oxygen stopped being social with work ppl as much since we never got drunk together on the company dime any more (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147123) |
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Date: April 26th, 2019 3:44 PM Author: mind-boggling rusted affirmative action faggotry cr, that stuff really dried up and the people who experienced that 15 years ago are old and the culture of it is foreign now. People aren't given blank checks to go out with summers any more.
My firm took away the little things, like sparking water, fresh fruit, and granola bars in the kitchen. PPP of >$2M, but no more sparkling water or bananas. Combination of greed and fear.
Oh, and then they laid off like 40% of the associates and counsels over a period of 18 months and hiring is permanently down. |
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Date: April 26th, 2019 4:09 PM Author: sexy point 07 was an orgy of indulgence. Which firm tried to take away coffee? (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147551) |
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Date: April 26th, 2019 12:06 PM Author: adulterous corn cake hall It broke people's brains.
Opioids, Obama/Bernie/Trump never happen without it.
It is why George W. Bush is a uniquely evil figure in history. |
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Date: April 26th, 2019 12:12 PM Author: crystalline beady-eyed meetinghouse The Bush family being permitted to walk around as free men is one of the greatest crimes of our era. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146235) |
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Date: April 26th, 2019 12:09 PM Author: crystalline beady-eyed meetinghouse Graduate in the Great Recession/Depression, without family connections -> no jobs.
Computer Science degree? No jobs.
Biological Sciences degree? No jobs.
Summa Cum Laude? No jobs.
Live in the suburbs? No jobs.
Live in the city? No jobs.
Past internship experience? No jobs.
Went on like this from 2008 until 2012.
A lot of my friends and acquaintances developed crippling health problems or died as a result of the dynamics of the Depression.
During 2010 you would go on walks and house after house you’d pass would have notices on them that the city had shut off the water and placed liens on the house due to lack of bill payments.
It was also a very two track world. People from families who kept their jobs and especially those who had family friends to give their kids the Hook Up, saw it as an era of unbridled prosperity because everything was so cheap. That group came up with the Millennial stereotype, assuming that it applied to a generation rather than just a small number of rich kids.
Between 2012-2016 things heated up in tech, and overall people started being able to find some jobs. Still, virtually no one has kids or their own houses, and PTSD runs rampant across the generation.
A desire for vengeance remains unfulfilled. |
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Date: April 27th, 2019 3:35 PM Author: Mint trip goyim 'A desire for vengeance remains unfulfilled.'
Patience, please. |
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Date: April 26th, 2019 12:17 PM Author: Laughsome Patrolman Media coordinated hit job to force bailouts/reduce overhead/create a fire sale of assets. Boomers freaked out but got bailed out by easy money. Total destruction of at least a few years of millennials with a permanent adjustment to shit paying careers and unaffordable normal lives for the rest. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146260) |
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Date: April 26th, 2019 1:19 PM Author: razzle fuchsia stag film fanboi Boomers did not get bailed out, most of them have no retirement savings at all (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146605) |
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Date: April 26th, 2019 12:26 PM Author: ocher zombie-like dingle berry private investor My mom, dad, and brother - all college educated Americans who played by the rules got laid off. I was a young biglaw associate trying to stay employed by hook or by crook while keeping my folks afloat. When my brother couldn’t get a job he moved in with me and I took care of him for 18 months.
My parents jobs never came back. My mom got into her retirement and now openly says she needs to die early because she has nothing saved. It was the beginning of the end for my dad. As months of unemployment went on he withdrew further from society and started drinking handles of bottom shelf rum to dull the boredom and pain he felt for being a loser. I tried to help, but I was in a big city trying to support my family and didn’t really grasp but was happening at the time. When he didn’t return my calls and texts for a day I asked his landlord to look in on him. He was dead, facedown on his couch surrounded by empties.
My brother eventually got on his feet and is doing fine. I survived and paid off my loans and put together a nest egg. But one of the big reasons I fled to government service was ITE, it’s why I’ve got a go bag, it’s why my wife always asks why we need to have such a big emergency fund. It’s why my politics are radicalized.
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Date: April 26th, 2019 12:29 PM Author: bipolar casino damn (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146338) |
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Date: April 26th, 2019 12:32 PM Author: crystalline beady-eyed meetinghouse (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146360) |
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Date: April 26th, 2019 12:36 PM Author: cowardly big karate Similar story. It's also why I have have adjusted my mindset to accept life without work. A lot of boomers never expected to be permanently unemployed and built their self worth around the plentiful work that they knew growing up. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146380) |
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Date: April 26th, 2019 12:39 PM Author: ocher zombie-like dingle berry private investor For sure. My Mom went from something white color but nothing fancy (think like an editor or bookkeeper) and went literal years looking for something equivalent because of how she thought of herself. Now she basically manages a dollar store. She’d have been in a much better position if she’d sucked it up earlier.
Still she figured it out better than my dad. My brother took what he could get as fast as he could because he hadn’t built up that pride and now he’s doing as well as could be expected.
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Date: April 26th, 2019 12:37 PM Author: Razzmatazz hateful location (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146391) |
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Date: April 26th, 2019 12:39 PM Author: Motley Reading Party (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146410) |
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Date: April 26th, 2019 12:40 PM Author: Cruel-hearted Spot fuck man (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146423) |
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Date: April 26th, 2019 1:07 PM Author: razzle fuchsia stag film fanboi Fuck dude, I'm sorry (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146563) |
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Date: April 26th, 2019 1:08 PM Author: ocher zombie-like dingle berry private investor Thanks man. Life is hard. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146569) |
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Date: April 26th, 2019 1:13 PM Author: Bat shit crazy pink regret center (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146581) |
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Date: April 26th, 2019 2:06 PM Author: Crawly Cream Persian Kitty Cat this sounds insane for the youngs but perfect rationale to anyone over 35 years old (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146877) |
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Date: April 26th, 2019 3:47 PM Author: mind-boggling rusted affirmative action faggotry (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147445) |
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Date: April 26th, 2019 6:08 PM Author: Milky dog poop space Amazing the generational divide (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38148129) |
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Date: April 26th, 2019 10:15 PM Author: titillating step-uncle's house (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38149065) |
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Date: April 26th, 2019 6:08 PM Author: Milky dog poop space Damn brother (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38148131) |
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Date: April 26th, 2019 10:55 PM Author: Slimy stage fortuitous meteor Oh man (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38149225) |
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Date: April 26th, 2019 12:41 PM Author: unhinged personal credit line temple In my area, attorneys went from trying to make a lot of money to just trying to pay the bills. Someone did a study to where over 20% of the attorneys active attorneys in our county either moved away or retired.
Real estate prices were insane. I saw a condo that sold for 130k in 2006 sell for 35k in 2010. That kind of fluctuation was not uncommon in real estate prices.
There were attorneys who decided to specialize in foreclosure, and the mills were taking full blown residential home foreclosures for $800 flat fee per case. Our county designated one judge as the foreclosure judge and it was basically all he did.
The attorneys I know who took those foreclosure jobs - and I knew 3 - not one of them is currently practicing law. They all quit.
My firm, which was primarily a real estate firm with a litigation department, went from ~15 attorneys in 2006 to 4 attorneys (2 partners, 1 associate, 1 "associate" who ran a wills & trusts firm in another building).
Lots that sold for 100k were being sold for $1 because nobody wanted to pay the POA memberships (15k+ per year). |
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Date: April 26th, 2019 12:58 PM Author: Razzmatazz hateful location Right, and the people who were able to snap them up at those prices made out like bandits. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146525) |
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Date: April 26th, 2019 1:04 PM Author: bipolar casino yeah, I'm still kicking myself for not buying up a couple multifamily units. Like $550k back then for 12 unit apartment buildings that now rent out for $1200/mo each unit, and the entire building is now worth 2-3x as much. I could basically retire on that once it was fully paid off (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146554) |
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Date: April 26th, 2019 1:15 PM Author: green charismatic stain liquid oxygen you were better off just buying stocks at the bottom (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146593) |
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Date: April 26th, 2019 1:27 PM Author: Razzmatazz hateful location Not necessarily. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146631) |
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Date: April 26th, 2019 1:30 PM Author: green charismatic stain liquid oxygen yea, your right there probably is at least one example where buying real estate would have been more lucrative than buying a stock. clearly worth starting a subthread wasteland over. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146657) |
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Date: April 26th, 2019 1:44 PM Author: Razzmatazz hateful location You're the one making a dumb assertion with zero support. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146720) |
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Date: April 26th, 2019 1:40 PM Author: bipolar casino I remember GE dropped to like a quarter of what it had been for a long time. I almost bogutb but didn’t. It was back to normal within a few weeks (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146701) |
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Date: April 26th, 2019 2:03 PM Author: geriatric senate Just do buy low, sell high. It's not like land for $1 is a more obvious sign that the market has bottomed out (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146857) |
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Date: April 26th, 2019 1:03 PM Author: razzle fuchsia stag film fanboi It was impossible to get a bite post-college for like 2 years. I went to a fucking ivy league job fair in 2010 that had NO JOBS - just information packets and offers to apply online for jobs that didn't exist. Shitty internships and grad school were the only options - it fueled the current shrewdom probably: men went to grad school and became indebted shitlibs and couldn't support a woman, so women also went to grad school and became indebted shitlibs (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146548) |
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Date: April 26th, 2019 1:07 PM Author: Offensive Infuriating Parlour Cr
Companies (and law firms) cut their incoming class sizes by like 90%. It was insane. |
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Date: April 26th, 2019 1:13 PM Author: green charismatic stain liquid oxygen I got interviews all the time back then. I would get bored and randomly apply online to like 10 jobs and 3 of them would end up wanting to interview. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146583) |
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Date: April 26th, 2019 2:19 PM Author: Provocative institution partner CR
XO's diaper crew greeted me with "huhhh" when I point this out, but it was pretty easy to get interviewed for jobs back in 08-10. The HR mafia's applicant tracking systems either didn't exist yet or were just being implemented, so resumes and apps were looked at by a person pretty often.
Employers were also fairly understanding about you being unemployed.
Now if you apply without a job there's an immediate presumption that you've been incarcerated or are mentally ill/on drugs. |
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Date: April 26th, 2019 1:09 PM Author: federal orchestra pit travel guidebook I got my first bank job doing bankruptcy and foreclosure work. Would still be doing firm shit otherwise. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146571) |
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Date: April 26th, 2019 1:38 PM Author: Appetizing demanding becky pervert Entire big law firms imploded. Entire first year associate classes were laid off (Latham), which permanently fucked their careers. Boomers made it through fine by throwing the young to the wolves. Every “senior” attorney at your firm made it through ITE by selling out many of their comrades. Like kapos, or like soviet officers that made it through the purges. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146693) |
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Date: April 26th, 2019 1:40 PM Author: green charismatic stain liquid oxygen those were businesses that never should have gotten as big or paid ppl as much as they should have. you chase dumb money and that kind of shit happens. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146699) |
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Date: April 26th, 2019 1:43 PM Author: honey-headed boyish hell I haven't thought about Thelen in 10 years. Also Heller Erhman, Dewey, Dreier, Howrey, and of course Thacher Proffitt. These were AmLaw 100 or prestigious firms. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146714) |
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Date: April 26th, 2019 2:02 PM Author: Crawly Cream Persian Kitty Cat I was class of 08. It was a horror show. Every friday I told myself today was the day. We had layoff every friday afternoon from November 08 to June 09. Not stealths. Fucking dragged into the conference room with HR and the whole shit. One quarter of my class was gone within a year. MONKEY KNIFE FIGHT |
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Date: April 26th, 2019 3:51 PM Author: mind-boggling rusted affirmative action faggotry And this permanently fucked over most of their careers. Some came back, some went elsewhere, some went solo, but I know a guy who will never again sniff his 2008 $185K salary. He moved to Sacramento for a $45K debt collector job because he had a family to feed. Some people became permanent contract attorneys / doc reviewers - these were formerly regular associates who were then making $30/hr at temp gigs. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147464) |
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Date: April 27th, 2019 12:07 AM Author: Appetizing demanding becky pervert American Horror Story (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38149512) |
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Date: April 26th, 2019 1:49 PM Author: Bisexual set For once in my life, being a risk averse faggot actually paid off. I had taken bankruptcy and secured credit in 2007 lolschool, under the theory that I wanted to have a basic understanding of those topics just in case the economy ever crashed (lol). I did my 2L summer in biglaw with absolutely no intention of doing bankruptcy. By the time I actually got there, Lehman had filed and I did nothing but bankruptcy and receivership for three years. When things bounced back, I slowly managed to get myself staffed on other matters and transitioned the hell away from bankruptcy.
And now, of course, bankruptcy is totally dead and anybody who actually wanted to be in that field is going to have to do something else. ljl at us. |
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Date: April 26th, 2019 1:54 PM Author: Cruel-hearted Spot sounds like you maed it (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146778) |
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Date: April 26th, 2019 1:55 PM Author: Bisexual set I was extremely lucky. One or two bad decisions and/or one or two blown interviews and I'd have been stuck in shitlaw or flat out never able to practice. But now that I'm "in" I'm in. Middle age is living with the consequences of decisions you didn't know you were making at the age of 17-25. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146789) |
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Date: April 26th, 2019 3:55 PM Author: mind-boggling rusted affirmative action faggotry >>Middle age is living with the consequences of decisions you didn't know you were making at the age of 17-25. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147485) |
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Date: April 26th, 2019 4:20 PM Author: sexy point JFC it's true (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147584) |
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Date: April 26th, 2019 3:56 PM Author: Underhanded ultramarine parlor keepsake machete well said (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147491) |
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Date: April 26th, 2019 5:16 PM Author: Galvanic Heaven Immigrant bankruptcy is not totally dead, quite the opposite (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147894) |
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Date: April 26th, 2019 1:53 PM Author: Rose at-the-ready potus It was a pretty awesome time if you had a high-paying jerb and were looking to buy a house. There was hardly any traffic, flights and hotels were super-cheap, etc. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146771) |
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Date: April 26th, 2019 1:55 PM Author: hideous wrinkle we installed a moat to keep out the pitchfork-weilding hordes (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146788) |
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Date: April 26th, 2019 2:00 PM Author: Crawly Cream Persian Kitty Cat Agreed on houses (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146832) |
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Date: April 26th, 2019 2:04 PM Author: geriatric senate Just look at the number of people that took the lsat in those years (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146863) |
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Date: April 26th, 2019 2:06 PM Author: geriatric senate Taught the perceptive among us to never trust or rely on boomers (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146875) |
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Date: April 26th, 2019 2:10 PM Author: Spectacular rigpig I don't think people quite recall the level of sheer panic that was happening in September 2008. McCain suspending his campaign was a gimmick, but just think about the severity to even do something like that. I listened to a lot of news and talk radio on my commutes at that time, and it was just another level of panic. It was practically post-9/11 paranoia. Part of this was masked by the fact that it was slowly coming for about a year anyway, and that news had so much hyper obsessive focus on politics (huge shift from say even 1998) including Obama '08 that it got a bit lost. The stories of people just walking away from their homes. I mean, just insane. Foreclosures everywhere. For sale signs on homes up and down a block and they'd be up for months at a time. It was like everyone was abandoning places like Detroit and Cleveland and no one wanted to be the last one around. For law, the Spring '09 layoffs were shocking. Friday after Friday, learning about hundreds laid off here or there. Imagine learning your summer program was canceled. Or your start date was deferred *a full year*. Or the offer revoked. People itt already said that many never really fully recovered. There's a permanent lost generation of law grads from 2006-2010-ish who suffered. (The 2011-2015 window were those who went in knowing about the financial crisis and came out with no job, but in a way I think many ended up okay, not with the scarring of having an offer revoked or being a 25yo with 3 mos' experience then suddenly and abruptly "downsized.") Also the bipartisan consensus (it was mostly Bush's responsibility for the bailouts tbh) was just throw money at everyone and hope they don't tank worse. Which appears to have been the right answer, moral hazard and all. |
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Date: April 26th, 2019 2:18 PM Author: cocky wonderful boiling water It directly led to me going to law school, accruing $250K in debt, etc. I tried to apply for clerk or paralegal positions after UG to see if I would like to practice, but nobody was hiring. I tried non-legal work, but again, nobody was hiring. Law school seemed like the only real option at that time if I wanted a job that didn't start at $30K. I was forced to do retail while studying for the LSAT. Law is 151, but my current job is 175 so I can't complain too hard. Luckily My $250K in loans qualify for PAYE. If they didn't my life would be objectively a lot worse. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146948) |
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Date: April 26th, 2019 2:33 PM Author: honey-headed boyish hell Lol. Wtf didn’t you ask us? (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147028) |
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Date: April 26th, 2019 2:19 PM Author: light adventurous police squad breadlines but for avocado toast (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146951) |
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Date: April 26th, 2019 2:23 PM Author: house-broken self-centered striped hyena trailer park Definitely weird to think about no Trump, sanders would be a nobody, no opdioid crisis, etc had it not happened. I still think Obama would have won in a walk in '08. Bush really shit the bed with his Iraq mess (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146973) |
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Date: April 26th, 2019 2:24 PM Author: Crawly Cream Persian Kitty Cat yes (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146980) |
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Date: April 26th, 2019 2:25 PM Author: green charismatic stain liquid oxygen lol at no opioids (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38146982) |
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Date: April 26th, 2019 2:28 PM Author: house-broken self-centered striped hyena trailer park You think it would have turned into a full bloom catastrophe? I'm guessing some of the redneck trash in this country might have preferred gainful employment if it were available but I don't really know any of these people so I have no idea. I didn't even know there was an opiod crisis till trump started in on it in 2015 (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147001) |
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Date: April 26th, 2019 2:30 PM Author: green charismatic stain liquid oxygen you sound like you need to go back (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147013) |
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Date: April 26th, 2019 2:32 PM Author: honey-headed boyish hell A lack of government intervention created the opioid crisis. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147023) |
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Date: April 26th, 2019 2:34 PM Author: Spectacular rigpig It was less a recession thing and more the consequence of GC. Like, why is opioid use so bad today given the roaring economy? (Because these communities are hollowed out, unmarried, churchless, rootless.) (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147033) |
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Date: April 26th, 2019 3:14 PM Author: honey-headed boyish hell Read Dreamland (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147230) |
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Date: April 26th, 2019 3:41 PM Author: sexy point This. Using Long Term Disability as a welfare mechanism helped flood this country with Sackler Suckers for the downtrodden laid off whites (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147402) |
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Date: April 26th, 2019 2:28 PM Author: cocky wonderful boiling water CR. Opioids are largely a Chinese created problem due to cheap fentanyl. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147005) |
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Date: April 27th, 2019 3:47 PM Author: Mint trip goyim Opioids are largely a Jew-created problem thanks to the Sacklers (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38151579) |
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Date: April 26th, 2019 2:40 PM Author: histrionic overrated gas station macaca It was a lot like what life is like today for people who don’t get to suckle on our socialist government’s money printing teat. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147067) |
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Date: April 26th, 2019 3:14 PM Author: Stirring brethren Long story short, ITE ultimately destroyed any hope I had of achieving any of my major life goals. The question is how long I stick around to suffer through the wreckage. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147234) |
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Date: April 26th, 2019 6:02 PM Author: crystalline beady-eyed meetinghouse (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38148109) |
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Date: April 27th, 2019 5:12 PM Author: coiffed slate hunting ground I thought you maid partner? (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38151960) |
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Date: April 27th, 2019 5:56 PM Author: Stirring brethren You must be thinking of someone else. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38152177) |
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Date: May 11th, 2019 4:02 PM Author: tripping blue brunch son of senegal (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38220825) |
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Date: April 26th, 2019 3:17 PM Author: multi-colored knife It was surreal being a 3L in the class of 2009. THere was a 6-8 week period in January-March when multiple law firms were announcing rescinded or delayed offers almost every day. There was a stretch in February where dozens of firms announced layoffs ranging from dozens to literally hundreds.
I have stark memories of checking Above the Law in class and seeing the firms announce rescinded offers in real time. Then you'd see the guys you knew in the class start tearing up and sniffling right before your eyes. it was brutal. |
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Date: April 26th, 2019 10:49 PM Author: Cruel-hearted Spot JFC (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38149203) |
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Date: April 26th, 2019 3:58 PM Author: bat-shit-crazy cerebral jap Stayed in the Langham (formerly Ritz- Carlton) in Pasadena during that period. It was empty. Had to let the hot water run for 20 minutes for it to get warm. I called the desk to ask what we going on - I was the only guest in that wing of the hotel. In Phoenix real estate crashed hard and most construction stopped. Clients really stretched out their payables spreading around the cash flow issues. However, if you kept a tight asshold and didn't panic, all was well. Until the next time. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147500) |
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Date: April 26th, 2019 4:02 PM Author: mind-boggling rusted affirmative action faggotry Agree with a lot of the above.
I was a few years into practice and I remember how the work just stopped completely. I went from more than I knew what to do with to coming in and literally surfing the net the entire day until it seemed acceptable to leave after the partners did. There would be occasional routine work, like 34 Act reporting, but deals just stopped - some died (particularly leveraged deals) and then new ones never came to replace them. The first deal of mine that died was summer/fall 2007, I think.
It's no exaggeration that we were all waiting for the knock on the door (or email) to come to the conference room Friday at noon. |
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Date: April 26th, 2019 4:27 PM Author: sexy point Guy in the office next to me had nothing to do. He had spent 3 years writing S-1s and nobody wanted those anymore. Did the crossword and tried to talk the BK guys into throwing work his way. He stopped coming in on Fridays, as the knocks were usually about 2pm. One Monday afternoon they were cleaning out his office. Learned later that HR had tried on three successive Friday afternoons to catch him, and had even scheduled a meeting for him with the group head one Friday which he ghosted. So they intercepted him in the lobby on his way in that Monday, took him up the service elevator, and made him sign his severance package. Net net, he probably got another 6-8 weeks of paycheck for their fear of firing someone at any other time. |
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Date: April 26th, 2019 4:29 PM Author: Bat shit crazy pink regret center lol why were they so averse to laying off outside of Fridays? |
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Date: April 26th, 2019 5:48 PM Author: Racy Stage Toaster "Studies have statistically shown" (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38148063) |
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Date: April 26th, 2019 4:10 PM Author: Free-loading tanning salon Boomer parents saved my ass, not flame. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38147552) |
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Date: April 26th, 2019 4:24 PM Author: Orange electric furnace telephone latham fondled people's scrotums.
in broader terms, a lot of the shit related to "socialism" as it is manifesting today is probably a backlash to the consolidation/"wicking up" of wealth and assets which took place during the recession. people and institutions with some liquid capital to buy up distressed assets did GREAT during the crisis. and that redistribution has never been undone, even with our 3%+ GDP growth, leading to a diffuse simmering rage barely hidden by the mask of "america" 2019. |
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Date: April 26th, 2019 6:07 PM Author: crystalline beady-eyed meetinghouse (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38148126) |
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Date: April 26th, 2019 10:19 PM Author: vivacious copper cuckold im p conservative but i actually agree with the socialism thing
i have friends that were thrown off the chessboard who are all about bernie. i think that's the road to perdition, but i get it and (almost) respect it |
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Date: April 26th, 2019 9:12 PM Author: Flatulent snowy plaza water buffalo Latham survivor checking in. ITE caused me to switch from tranny to litigation and now I'm litigating a surreal massive clusterfuck dispute...all because levfin associates seemed to be on the chopping block, and AssCom was ominously reserving conference rooms, and any maneuver seemed better than none. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38148794) |
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Date: April 26th, 2019 9:24 PM Author: Offensive Infuriating Parlour In some instances, being fired would've been the better path. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38148845) |
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Date: April 26th, 2019 9:26 PM Author: Flatulent snowy plaza water buffalo i wonder about this sometimes. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38148849) |
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Date: April 26th, 2019 9:39 PM Author: fragrant factory reset button The thing to remember is that no one was safe. Good, competent, hardworking people, sometimes with hundreds of thousands in student debt, were being laid off left and right. Entire classes were gone and the juniors got hit the hardest. For the lucky few that hung on, every day was a living hell as they waited to see of they were next. The boomer bosses would bleed them dry to make up for lost profits.
I still remember leaving Moscow for Ukraine at midnght on new years even because my work Visa expired and at the last minute they told me they would not renew. They owed me 4 months severance under Russian law and gave me nothing. When asked they said: sue us in Russian court. And then they threatened to give a negative recommendation if I even tried to challenge it.
Our landlord in Ukraine checked us in and gave us this pittying look. "It will take ten years to recover" she said. At the time I thought she was joking, but that is how long it takes. It steals ten years of your life and that's if you're one of the lucky ones who make it back at all. When I look at my linked in connections from my class of 2008, the overwhelming majority are just gone. This includes Harvard and yale grads.
I worked on a temp doc review project with an HLS grad for over 6 months in 2010. At a firm meeting in 2011, a yale grad with yale law review experience (who btw was also tall and very good looking) was asked why she chose the firm. She answered "because I like being employed". Later that year, the entire firm fell apart. She works as a staff attorney now. And shes one of the few I still see on LinkedIn. |
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Date: April 27th, 2019 9:38 AM Author: Outnumbered Cracking Lettuce House What do you mean, "gone?" You mean like me, where they've left Law? I may not have much of a linkedin presence, but I do have an imdb profile. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38150332) |
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Date: April 27th, 2019 9:57 AM Author: fragrant factory reset button These are brief old work associates. I dont stalk them on the internet, if they're not on linked they're gone afaik. I'm not saying they died or anything. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38150371) |
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Date: April 27th, 2019 10:07 AM Author: Outnumbered Cracking Lettuce House Some of the biggest Winners I know are unfindable on linkedin for some reason. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38150388) |
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Date: April 27th, 2019 1:22 PM Author: sexy point funny coincidence (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38150957) |
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Date: April 26th, 2019 9:44 PM Author: Haunting native ratface the other thing is, in biglaw, all bonuses were canceled for ~2 years. Then bonuses came back at 1/2 rates for a while.
also there were "salary freezes"
I got paid like a 1st year associate for 3 years straight even though i worked in "biglaw"
my summer class was 26. was down to 10 after 3 years and not because of natural reasons.
There were "lists" found on copiers with names of the damned. Red lines drawn where everyone "below" was to be fired that friday. Every day we came in wondering if that was the end. the sense of dread was awful. |
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Date: April 27th, 2019 11:36 AM Author: sexy point That salary freeze killed me. I remember the execution lists left out. It was a horror show every Friday (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38150608) |
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Date: April 26th, 2019 10:05 PM Author: vivacious copper cuckold i was undergrad 09 and law school 12. surreal time.
my senior year of undergrad, i was in a history class taught by a former soviet academic who immigrated after the collapse. on the day the dow dropped 700-some points (i want to say in october of 2008?) he gave a brief speech at the beginning of class i will literally never forget in his thick, husky accent. this is a paraphrase but i swear the last sentence is nearly verbatim
"nobody is going to tell you this, but please listen closely. the world will never be the same for you. the people who society used to rely on to hand opportunities to you will hoard them, so most of you will never get the chance to succeed. ignore the advice your mother or father gives you. instead of having class today, please go home and make a list of three actual skills you already have that you can use to make money. if you can't list three you need to make a plan for how you can learn those three things. i will help you as best i can but my catastrophe was different from what yours will be" |
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Date: April 26th, 2019 10:38 PM Author: cowardly big karate Was XO this insightful and prescient during 2008-2010? I had a feeling it was mostly good times intermixed with firing/no offer horror story posts (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38149165) |
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Date: April 27th, 2019 5:21 PM Author: coiffed slate hunting ground It may be hard to believe, but XO was at the very tip of the sword of insight when it came to ITE and the law school scam. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38152014) |
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Date: April 26th, 2019 10:41 PM Author: bipolar casino Wholly shit (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38149181) |
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Date: April 26th, 2019 10:47 PM Author: Cruel-hearted Spot JFC (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38149197) |
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Date: April 27th, 2019 11:55 AM Author: comical crusty theater gaping (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38150655) |
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Date: April 27th, 2019 1:17 PM Author: Bonkers site (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38150944) |
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Date: April 27th, 2019 3:57 PM Author: Mint trip goyim Sticky this (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38151622) |
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Date: May 11th, 2019 4:05 PM Author: tripping blue brunch son of senegal (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38220831) |
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Date: April 26th, 2019 10:48 PM Author: sienna soul-stirring ceo It was actually a huge boon for most people on this board. They're being melodramatic for self-pity. Got in at the bottom with investments. Best time in the past 20 years to graduate was around 05.
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Date: April 27th, 2019 9:40 AM Author: Outnumbered Cracking Lettuce House I graduated around that time, and my life is still Ruined nonetheless. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38150339) |
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Date: April 27th, 2019 5:22 PM Author: coiffed slate hunting ground Bullshit. The best time to graduate UG would have been 95 to 00. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38152021) |
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Date: April 26th, 2019 11:42 PM Author: deranged address I remember sitting in retarded 1L conlaw class as lehman collapsed listening to obese boomer professor drone on and thinking WTF am i doing here.
2L fall OCI i remember dried up but most firms came to put on a show and go through the motions of interviewing even though no one actually got hired. it was a weird time. i gave up on ever getting a job and was just going through the motions like many people because i didnt have anything better to do. seriously thought about cutting my losses and dropping out, but had no better plan. at worst by maybe 2010 if things didn't turn around i told myself i would just abscond and move to a different country and teach english or some shit and ditch my loans
because no one got a job through OCI or after everyone including coiffers and law review fags had to slog through the bar and become licensed and HOPE for a job once you were a "real" attorney. most did not make it. i remember law school trying to sign up all suckers for "fellowships" after graduation that paid like $5k for maybe 6+ months of work but literally took you to a day past the "employed at X months from graduation" NALP data point.
the funny thing is those that stuck it out seem to have at least hacked out a shitty or basic existence as attorneys. i would say maybe 50% of my class, maybe 60% if generous, even work in "law" or any related field.
last fall when it hit 10 years i would have these surreal moments where i would think back like "10 years to the day ago, i was doing X" or shit was happening. still unnerving.
obama was a fag and i recall that even amongst libs enthusiasm dried up very quickly. i remember watching his inauguration in LS auditorium which was packed with shitlibs and they went wild for lines like "restore science to its rightful place" and pooped themselves and were giving each other handies in the aisles. 6-12 months later when all those fags were jobless there was no more liberal ignorance/innocence. |
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Date: April 26th, 2019 11:51 PM Author: Mahogany theater stage (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38149481) |
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Date: April 27th, 2019 12:09 AM Author: Cruel-hearted Spot fuck man. what tier LS did you go to (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38149516) |
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Date: April 27th, 2019 9:50 AM Author: deranged address T1, t20 brother. Not that it made any difference. It's all a scam. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38150360) |
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Date: April 27th, 2019 11:34 AM Author: sexy point Do the WUSTL (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38150604) |
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Date: April 27th, 2019 2:32 PM Author: Stirring brethren NOOOO! (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38151242) |
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Date: April 27th, 2019 6:23 PM Author: aggressive silver market idea he suggested facebook memories must be a motherfucker these days (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38152302) |
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Date: April 27th, 2019 12:09 AM Author: Appetizing demanding becky pervert OCI 2009 was a literal horror show. I vividly remember a classmate wearing a yamaka chasing biglaw interviewers through the halls trying to shove his resume into their hands. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38149518) |
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Date: April 27th, 2019 12:12 AM Author: Orange electric furnace telephone you mean estrada TP? (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38149525) |
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Date: April 27th, 2019 12:22 AM Author: Razzmatazz hateful location Estrada did not wear the funny hat. (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38149541) |
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Date: April 27th, 2019 12:59 AM Author: aromatic mad-dog skullcap A lot of good stuff ITT already, but I'd echo that in some markets the unemployment rate for new college grads was over 50%.
I graduated magna cum laude from an ivy and literally could not get jobs as like receptionists for $12/hour. When i would get to the interview they would tell me they selected my resume out of hundreds of applicants. I think I made it a point to apply to something like 30 jobs a day on craigslist.
I ended up having to hide out in law school, which worked out because I got to re-enter the market as a new grad in better times. But I know that if I graduated now I would've had a much easier time getting into the field I was pursuing - or at least get something to hold me over until I could make more headway. But really, you can only be broke so long before you realize its just not going to happen.
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Date: April 27th, 2019 12:06 PM Author: crystalline beady-eyed meetinghouse (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38150675) |
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Date: April 27th, 2019 12:07 PM Author: comical crusty theater gaping Very similar for me (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38150682) |
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Date: April 27th, 2019 9:54 AM Author: curious kink-friendly business firm scourge upon the earth In 2006, I was in a top 5 PhD program and not yet a US citizen. I realized that hiring had already fallen off a cliff, so in 2007 I dropped out with a pity masters and got a shitjob in consulting (benefits were OK but pay was crap). Worked nights doing tutoring 6-9, so I was out of the house from 7 am to 9:30 pm every day. Also taught on weekends. Did LSAT in 2007 and was in a T10 with scholarship when Lehman failed.
Summer 2009 OCI was a horror show. I was top 10% at T10 and got one offer. I was lucky. Some friends with comparable grades got nothing. My associate class was about 1/8 the size of the class two years previous.
I'll always be grateful for my xo bros. Your guidance and support helped me to maek it. |
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Date: April 27th, 2019 11:27 AM Author: sexy point Yvmwft (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38150573) |
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Date: April 27th, 2019 2:49 PM Author: honey-headed boyish hell cr (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38151320) |
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Date: April 27th, 2019 5:09 PM Author: Nighttime fantasy-prone mood 2011 T10 law grad here, so went into law school prior to collapse, and it started happening 1L year. You need to realize that it was uncharted territory. Dire economic news 24/7 and real sense that we might soon be in a great depression-like breadlines situation. Genuine look of concern on professors' faces was palpable - and it wasn't a concern regarding students getting jobs (which of course wouldn't really worry them), it was a concern over full economic collapse.
2009 OCI was a shit-show. Firms were sending interviewers even though they had no intention of hiring a summer class. I interviewed in the afternoon with one guy whose group laid off 75% of its associates that morning. Fun one.
I wound up with (one) biglaw offer, rode ITE out and then wound up chill in-house. I was extremely lucky. Others with better grades and more personality than me struck out. Most stuck it out in law but had a pretty tortured path - fellowship or clerkship, non-biglaw firm or government for years. From linkedin I see that a surprising number have wound up in pretty good positions by this point but they've taken a tortured path and probably missed out on nearly a million in income.
My path is different than theirs because I somehow clicked with a particular interviewer in a 20-minute screening interview and got passed through. Such is life I guess.
Outside of my law schools peers (who ultimately did pretty well considering), for people with just BAs or who worked blue collar jobs it set up a lost decade. People aged from mid-20s to now mid 30s and lost out on their prime learning/earning years. As others above has said there were simply no jobs to be had, no one was hiring. If you got laid off or graduated into the market, you could expect extended periods of unemployment or extreme extreme underemployment.
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Date: April 27th, 2019 5:12 PM Author: Razzmatazz hateful location (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38151957) |
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Date: May 11th, 2019 5:21 PM Author: sexy point Lost decade- Thanks Bush! (http://www.autoadmit.com/thread.php?thread_id=4249207&forum_id=2#38221092) |
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