As you may have observed, a lot of heated emotion surrounds the whole BAC/MER deal, Of late, we've been barraged (in a good way!) by emails blistering with anger and a need for revenge, or at least the catharsis associated with letting it all out on the internet (ex. "Thought you'd be interested in my side of the story which is: F that hick Lewis. He wouldn't know what a commode on legs if it was sitting on his face. --J. Thain"). While we would never suggest you use Dealbreaker in lieu of professional counseling, as a full-service site, we must give voices to those who cannot be heard, like a human rights watch group or what have you. If anyone else has a message they'd like to more widely disseminate, send it our way. From the mailbag:
So far, BofA has laid off almost all of its 28 sales and trading first year analysts (5 or 6 remain, some of their desks haven't been through the "deselecting" process.)
For a bank that talked a lot in training about the strength of their "junior pipeline" - they sure don't actually give a shit. This includes firing analysts who were hired through on-campus recruiting programs at Princeton, Georgetown, UNC, Yale, etc.
Incoming analyst class, beware!
-a former member of the BofA "junior pipeline"