Columbia Student’s Spring Break Momentarily Disrupted By Jimmy Cayne’s Carelessness

Columbia Spectator Editor: How are we going to top the Timesstory about the UPENN kids who lost the jobs Bear promised they could have before, you know.

Columbia Spectator Staff Writer: Hmm…I mean, there’ve got to be some Columbia kids in the same situation, no? I could interview a bunch of them?

CS E: It's poss…tell me more.

CS SW: Well my roommate’s friend had his offer from Bear taken back and now he doesn’t know if he’ll be able to afford to live in Murray Hill this summer…there’s a chance his parents might pay his rent, but there’s also a chance they might make him move home, which I think is sort of crazy, and would make for a good story, no?

CS E: Well, it’s worse than the Penn girl who’ll merely have to be subsidized by mom and dad for a spell, that’s for sure, but we can do better.

CS SW: Yeah.

CS E: There’s go to be more pain. More heartbreak. Ya dig?

CS SW: Yeah.

CS E: We need to give voice to those who cannot speak.

CS SW: I know. But I've got nothing.

CS E: Same…damn, this is harder than I thought it'd be.

CS SW: You’re telling me.


[They stare at each other in silence for 5 minutes]


CS E: Oh, oh wait, here it is, here comes the money shot—I just got an email about a girl who got the bad news about Bear WHILE ON SPRING BREAK. And get this—she didn’t line up another job at a hedge fund for almost a month after that.

CS SW: God, that is perfect.

CS E: More where that came from, coming at ya. Some chick from the class of ’10—are you sitting down? Are you ready for this? Do you have a paper bag to blow into, because you’re going to need oxygen in a second—got her Bear internship taken away.

CS SW: NO.

CS E: YES.

CS SW: Then what happened?

CS E: She got one with JPMorgan.

CS SW: Christ, that was touch and go for a while.

CS E: I know.

CS SW: You see? This is why they pay you the big bucks.

Bear Stearns Crash Leaves Students in Employment Crunch [Columbia Spectator]

Comments

Posted by guest, May 05, 2008 3:50PM

old news...

Posted by guest, May 05, 2008 3:57PM

really, 3:50? cause the article is dated "MAY 5, 2008." If you mean the fact that first years are having their offers rescinded, please tell me you don't count yourself among the ppl constantly posting "where's the bear news???", because if so, the news that they're laying people off, which we knew about what, over a month ago? is positively prehistoric.

Posted by guest, May 05, 2008 4:14PM

“The whole experience has been pretty hellacious,” he said. “Imagine going from thinking you are starting your career with a solid, successful firm to being unemployed and inexperienced in about a space of two weeks.”

Yeah, reality really blows. "You mean the world is not my oyster? What? That's not funny. You're serious?!"

Posted by ab, May 05, 2008 4:14PM

haha, "boo-hoo"

Posted by guest, May 05, 2008 4:15PM

@4:14 This is why there should be a draft. Knock some seriousness into these little snot noses.

Posted by guest, May 05, 2008 5:18PM

The student is just a kid. The Columbia newspaper asked him a question. Leave it alone.

Posted by guest, May 05, 2008 5:54PM

I remember NPR doing these stories just after the dot-com crash.

Girl being interviewed had to rescind her down on a four bedroom mansionette, the purebred pooch and a new Acura because some tech job fell through.

Actual quote stuck in my head: "My who life fell apart, I was just CRUSHED."

Cripes, you'd think she was being trafficked into a brothel work in Moldova, or just lost a coupla limbs in Basra.

Barf already, these kids need to do a year shoveling shit in Yemen, maybe some time in a kibbutz....

Posted by Lowly Assistant, May 05, 2008 6:25PM

Does this mean there'll be less khaki pants on the subway during the Summer months? ANF's stock is gonna fucking plunge...unless they go back to selling the pre-holed khaki shorts at those jam-band concerts in Vermont.

Posted by guest, May 05, 2008 6:25PM

No different than the 7 figure IBers who get no bonus and cry, cry, cry like little bitches getting a tattoo.

Posted by guest, May 05, 2008 8:17PM

Check out this FUNNY CARTOON on "you tube" where the The Federal Reserve and JP Morgan Gobble Bear Stearns

http://www.youtube.com/watch?v=-9_EMDfnTfw


Check out this site too.. www.BEARSTEARNSLIVES.com

Posted by guest, May 06, 2008 2:50AM

The '10 girl had an offer in operations. Seriously, OPERATIONS?

It's funny that she's the only one JPM kept. Must be real hot...

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