The Best Time I Occupied Wall Street
Last September, I got the assignment of my nightmares at This American Life: Go to a Wall Street bar during happy hour with my colleague, Adam Davidson, and interview banker types. Oof. We'd spent the previous few years talking to tons of folks in finance and were frustrated by some of them being kind of whiny about the economy and not particularly grateful for the help they'd gotten or remorseful for how they'd contributed to the mess. So, for this piece, we wanted to ask them, "What is up with that?" and put their answers on the radio. Here's one tough thing about radio reporting: You have a giant microphone and headphones and a recorder on your person, so conversations are not exactly "casual." However, beer does a lot to remedy that, and after about an hour, me personally two beers in, people began to relax and chat with us — anonymously, of course. What we ended up getting might make your face boil off.
First, two bits that didn't make it into this story:
1. When I (obnoxiously, I admit) asked the guys how much money they made, they responded with "What's your cup size?" I told them that didn't have anything to do with the story (duh) so they asked again. And again.
2. Toward the end of our chat one dude asked me what I did for a living, and I told him I was a radio producer and reporter and he said, "No, really," and I said "REALLY." And he said, "No, you're a demo dolly. They knew we wouldn't talk to him," referring to Adam. I didn't know then what a "demo dolly" was or I probably would've gotten into a fight. (Not my first time!) But as soon as I got back to the office I looked it up and found out it's a name for the ladies at car shows or conventions who sometimes dress up as engineers or scientists to entice customers. Isn't it just like public radio to trick people that way? Sneaky bastards, us.
Enjoy:
FYI, the song leading into the piece is "Awnaw" by Nappy Roots and the song coming out of it, of course, is "I Get Money" by 50 Cent which I nominate for the official "Occupy Wall Street" theme song.
Photo byt fzd.it, via Shutterstock.
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Well, this planet is ruined now. We're going to have to get a new one, because Oh my God that's hideous.
@melis: Or at least fire bomb that bar.
Just reading this made me need a shower. Ick. I'm sorry, Jane.
I remember that episode. Their responses made me sick. Pigs Pigs Pigs Pigs.
@myrna.minkoff Me, too. I always listen to the podcast while I'm walking to work and I must have looked like a crazy person that day all grumbling "bastards" under my breath.
@myrna.minkoff guh. same here. now i know how truly gross those guys are. guh. i just wanna vom.
@myrna.minkoff Yes, I remember it too. While I absolutely love This American Life, I could NOT listen to this again.
@myrna.minkoff Ughghghuh me tooooooo. I was like, you over-educated bastards /know/ it's infeasible for the proletariat to rise up and destroy you…but I will still shake my fist! Also: HOW COULD SOCIALISM POSSIBLY BE WORSE, PEOPLE, /PLEASE/?
@myrna.minkoff I remember listening to it and being like, "Damn, could these guys possibly be any bigger assholes?"
YES. YES THEY CAN.
@myrna.minkoff How could actual capitalism be worse, would be my question?
@myrna.minkoff This is unabashedly off topic but I LOVE your username, you minx!
@polina Thanks!
Jane Marie I've always secretly hoped you would make some behind-the-scenes references to your TAL experiences in a post at some point, but didn't think it was appropriate to ask. So excited.
And on a different, but related point, I have the pleasure of working for a non-profit situated in the Wall Street area. When my co-workers and I go out to lunch or attend happy hour locally, our low-paid, social worker selves are constantly surrounded by the juiceboxes you encountered. It makes for an interesting (upsetting) contrast, and reassures me in my choice of career.
@waitykaitie WAIT. I used to work for a nonprofit down there! You aren't in 120, are you??
DO I KNOW YOU???
Anyway, I just about to say how going out down there after work was so bad.
@Lily Rowan
I'm not in 120 so sadly I don't think we know each other! But I think this indicates the next NYC hairpin meetup should take place on the oh so hip Stone Street. Hairpinners occupy wall street (drinking spots). Whoever finds the banker with the highest salary wins!
@waitykaitie Heh. Can you imagine?? Hilarious. But I don't live in NYC anymore…
@waitykaitie Many summers ago, I briefly worked for the ACLU, which was (still is?) down in those parts. We shared a building with, among other evil firms, fancy pants law firm Sullivan & Cromwell. It was always very easy to tell who was fighting the good fight, and who the minions of evil were.
PS, I love the idea of a hairpin meetup on Wall St!!! I've actually started timing how quickly I can scare off banker types (I work in a field that occasionally requires going to various events frequented by rich people, so I get a lot of practice).
poor, put-upon bankers. Will no one think of THEM?
The body you will later find in the East River will be mine. It will be there because all the showers in the world will not be enough to get this slime off me, and so I felt I had no recourse but to replace it with the one substance on earth that is more foul.
Can I just geek out for a moment over TAL? I try embarrassingly hard not to mention the show on this site because, well, the sucking up to teacher aspect, I guess? I don't know. Ugh, the internet is weird.
Also, UGH BANKERS.
@OhShesArtsy And Planet Money! Having Planet Money in my ear while the economic world (and my then important-seeming career prospects) were collapsing made it somehow bearable. I used to listen to it before bed during '08-09, not because it put me to sleep, but because it was the only way I could relax enough and feel like the world was controlled and orderly enough for me to think about sleep.
@Cawendaw Glad I'm not alone. Podcasts are my # 1 go-to method for staving off impending panic attacks.
@Cawendaw That's amazing. It had exactly the same effect on me.
@OhShesArtsy
That's a pretty hard FAIL (ass kisser)
@Cawendaw I thought I was literally the only person who fell asleep to Planet Money. I mean, because it's so NOT BORING. But I sometimes fall asleep to TAL too. I have a hard time falling asleep often so I "save" stuff I really love to listen to, which is somehow soothing or whatever.
WHAT'S YOUR CUP SIZE. SET IT ALL ON FIRE.
YES, BURN IT DOWN
@melis PUNCH EVERYTHING.
@melis CLEANSE IT CLEANSE IT
@thebestjasmine I don't want to be too devil's advocate-y here, but I know a lot of those guys through my business. They're used to real-deal gold diggers coming around. Asking Jane her cup size was their not-very-with-it but standard "clever" response to realizing a girl is only interested in their bank account.
@eccles But wasn't she pretty clearly interested only in interviewing them for her job as a professional reporter? I mean, if she were a gold digger, she'd probably have a better angle than "fake NPR researcher who asks probing questions about your integrity."
@eccles That actually makes these guys seem even MORE terrible, not less. Because it means that they cannot relate to or respect any woman, and assume that every woman is a gold digger and useful only for her breasts, even when she is a reporter with a microphone in hand.
@eccles I kind of took it to mean, "you just asked me a kind of rude, personal question let me respond in kind with a rude and personal question" Sort of an object lesson in questioning.
@LucyLu Those of you who are defending them because it was just another rude personal question — do you see nothing gendered about that question? Do you think they would have had or did have the same attitude with Jane's male colleague? Do you think that normally when reporters are doing stories and asking legitimate questions of the person that they're interviewing related to the story that they get asked what their cup size is in response?
"They weren't trying to harass her." Seriously, set it all on fucking fire. A man asking a professional woman who is interviewing them for her job what her cup size is isn't trying to harass her. In what world?
@LucyLu Exactly. It's a stupid, knee-jerk, drunken response by 20-something dudes who think they're being clever. OBVIOUSLY a more mature person would have been like, "oh, hey, I'm on the radio!" But they weren't trying to harass her any more than they felt harassed by her.
That said, finance guys, in my experience, are the rapiest, most entitled group of dudes out there.
I don't know what to say to people. As far as I can tell, most finance guys are people who kind of accidentally got offered $150k saleries to sit on the phone right out of college. Of COURSE they're justifying themselves in the douchiest ways possible. Wouldn't you?
@thebestjasmine I mean, in fairness, she was interviewing them while they were drunk, in their off-hours, candidly, without an appointment, in a bar.
@eccles So in what way does that excuse them for asking her cup size and saying that she must only be a demo dolly? How does any of that make a difference?
@thebestjasmine I agree. Drunk is not an excuse. Much like people who get drunk and suddenly start spewing racist epithets, that shit doesn't come out unless it's in there. And very shallowly under the surface, apparently. Perhaps actually right on the surface.
@thebestjasmine They're being defensive.
Do YOU have warm feelings for all aspects of the media? Like, if FOX News came up while you were drunk and was shouting like, "HEY YOU WITH OPINIONS, WHY ARE YOU SUCH A DIRTY HIPPIE??" would YOU necessarily be like, "Well, in point of fact..!"
I mean, maybe you would. In which case, you are an extremely tidy drunk. But my basic point in life is that the bad guys are not necessarily as bad as we think. Nor are we so good. I am not really into team sports, myself.
We have met the enemy, ladies, and they is us. As Pogo said.
@eccles No, but I sure as hell wouldn't throw sexist comments at them. I would tell them I didn't want to talk to them. We are the enemy for being angry about sexist comments? No, I think it's the sexists out there who feel that they're entitled to look at and talk to women in the way that they do. And the women who defend them, because boys will be boys, and they were just drunk, and they're not all that bad.
@thebestjasmine Them's fighting words.
You know that.
I don't think much of anyone in the world is on my side here. But my basic point is that most people feel hurt and defensive, even if it's for stupid reasons. Maybe it's not much of a point. I'm pretty sure it's not.
I just don't have the rage in me that the rest of you seem to have. I'm more in the "live and let live" camp. And I don't really blame Wall Street for taking advantage of what they've been given. Blame the system, not those stupid boys.
@eccles if it makes any difference, they weren't 20-somethings. they were middle-aged married men with families. does it make any difference? i'm confused, haha
@thebestjasmine The best benefit of the doubt I can give it IS that they didn't mean to sexually harass her.
They did sexually harass her, though.
And as was said up thread, that kind of makes it worse. If your idle banter is by default, rapey…. ugh.
@Jane Marie Ugh, Jane, I'm sure it was really (and reasonably) offensive at the time. I'm also sure that as a journalist you must receive a mixed reaction many places you go.
I just have a problem with the way we go around vilifying people. Either as groups or individuals. The other side will do the same to us. It's not helpful either way.
That's just how I see it.
@Craftastrophies Yeah, they're a super-entitled, non-thoughtful group of people, by and large. They have the kind of money that buys insularity.
I don't forgive them for that.
But maybe one or two out of the hundreds I have met are not like that.
@eccles Yes, it is helpful to vilify men who sexually harass and demean women. Because then we teach the women that they do that to that that behavior is not okay, and that they are worth more than that. Because we teach another generation of women that we have their backs, and that they don't have to just sit and take that behavior. And because it shows men how damaging that behavior can be, and how it can affect women for years (read some of the stories in some of these comments). It is totally okay to vilify people who do and say terrible things, and trying to excuse that behavior is much more harmful.
@thebestjasmine I think it is unhelpful to dehumanize the reactions of anyone.
They can then dehumanize you.
We must be better than that which we vilify. That's my contention. I'm probably ridiculous for thinking that. But that is what I work with.
I've been dateraped more than once by these assholes, before learning not to date them, so "ridiculous" is certainly a fair assessment.
@thebestjasmine @eccles I agree about vilification, but… what if they're vile?
I mean, it's rough that some people good people get thrown in with the stereotype, and generally I am against that, and I am against utilitarian equations that make the minority experience less important. But when it comes to the whole not treating other people like human beings, and making them unsafe thing, I… think they need to be vilified.
I think most people, here especially, understand that this is not every single person working in finance on wall street. But it IS most of them, it seems, and it also seems that it's a culture that downright encourages them to be this way. It's gross.
@Craftastrophies
I'm not affiliated with a political side because, as an individual, I find it difficult to take an objective moral stance. I can just see their perspective. But, I was raised in a weird way, by heavily Christian conservatives, who put me in a hospital and drugged me when I started to ask questions. And then exorcized me.
My general perspective is that people who think differently from you are probably not–in their own world–insane OR evil. I was raised to think liberals were insane and evil. I disagree now. But I think that gross characterization hinders… mmm… viable thought. (Viable? Functional? Useful?) If I hadn't stepped outside of my own world–at all costs–I wouldn't now believe that liberals could have a point.
BUT, most people do not have the experience of swinging radically, at all costs, between positions, and retaining sympathies. So, I'm going to bed. I'm glad you guys are fighting the bad guys. I didn't mean to interrupt.
@eccles I hope we didn't make you feel attacked. While the conversation is important. I've just come from a discussion with someone who triggered me several times, while saying how 'fun' it is to have these hypothetical discussions! (Argh)
I think the point about dehumanising is really important. Because besides being not a good thing to do, it actually doesn't get us any further. There's no way for anyone to redeem themselves or learn, once that's happened.
However. I have a real hard line about this whole gendered insults/violence stuff. Rape culture blah blah. I know most people would think a line like that is offensive but minor. But it really is the start of a long, horrible road down violence and hate. It already IS violent, in my opinion. It's the type of violence that I want 'my side' (whatever that means. What does that meeeaaan) to avoid – the violence that comes from seeing people as things.
I'm with esme weatherwax on this one. The trouble always starts with seeing people as things. And I don't ever feel ok giving people a pass on that. It's hard to do that – to sit there and refuse to laugh at bawdy jokes – and not feel enough anger that it clouds rational thought, but it is possible.
@Craftastrophies "Seeing people as things" sounds like a bad thing to me too.
How do we go about changing that?
Do you change when people you don't like and don't respect shake their fingers at you? Okay, that question sounds condescending and obvious, I don't mean it to be. We don't change when that happens. So, seriously, how do we do this?
@eccles Yeah, this is THE problem.
I think we do it by being humourless feminist and not buying into the idea that it's harmless, because when people laugh at jokes about sexual violence, people who perpetrate sexual violence think it's ok. We do it by trying to convince people who aren't as far down that road that it isn't harmless, and getting them to join the fight. By endorsing and practising enthusiastic consent. By teaching kids about that and about gender equality, building it into their world at the bottom level.
And sometimes it just can't be done. That doesn't mean that person who can't/won't change (and really, why would they?) isn't human. It means that they are not safe. This is, essentially, my line. Those people can do what they like, but no one, ever, should have to feel unsafe because of it. And it's not like we can all just avoid them every day. Some of us have to work with them!
This got way more heartfelt and depressing than I meant it to.
@Craftastrophies No, truly, I get it. I, myself, feel entitled to work in a 100% bear-trap free environment. That is just the kind of entitlement-generation I was brought up in.
@eccles
@eccles i love you and really appreciate this discussion. i think you are 100% right about everything: not dehumanizing people and ALSO drawing distinctions between what is on and what is not … and it's tricky and necessary to do both at the same time.
if we say that we are more evolved/better, then we actually have to be more evolved/better … but this doesn't mean letting anyone off the hook for being an asshole. it just means not becoming an asshole ourselves.
just wanted to say thanks <3
I think it's a really key different to make between saying "all guys who work in finance are rapey douchebags," and saying, "the specific guys who asked Jane her cup size and accused her of being a demo dolly are sexually harassing douchebags." The first is lumping people into a possibly-dehumanizing and maybe unfair group, while the second is describing the actual behavior of actual people, specifically.
@eccles, et al: This was a really great discussion in that it stayed civil. And on the internets, no less.
@Hot mayonnaise Yeah, I have a lot of respect for Hairpinners in general, for that reason. By and large, this is an amazing group of kind, smart women. I think Edith and Jane should be thanked for having set that tone.
Ladies in leadership, yo.
@eccles in vino veritas. I won't go drinking with my finance coworkers because of the gross shit that comes out when they're drunk – suddenly, every woman in the bar can be bought and if they disagree they're uppity bitches. I've gotten a lot of shit from coworkers for refusing to put myself in a situation where they seem to think my presence, coupled with alcohol, is a free pass for sexual harassment.
I think it'd be a more offensive question if bankers weren't so notorious for bragging about their bonuses.
@parallel-lines Yeah, we're definitely not going to find the class acts of Wall Street in a bar.
I mean, those guys were jerks. AND the situation was ripe for ugliness, which is what you're saying. But, in truth, I can only think of one investment bank/financial firm where I, as a woman, would want to work.
I guess there's a part of me that just feels like there's a level of irresponsible journalism here (and Jane, I totally get that this was an assignment. No blame.) If the New York Times wanted to publish an article on how people lived in the South Bronx, would it really be fair to conduct the entirety of their research in a stripclub?
@Hot mayonnaise Seriously. Go team!
@eccles Oh girl, I think that you've gone too far the other way. I totally agree with you that it's terrible to attack someone for what/who they are — I'm not down at all for attacking someone for being Christian, or for working on Wall Street, or for being a football player, etc. However, attacking someone for what they DO is totally appropriate, and I think completely necessary. You note that I think most of the comments here are not "Every banker is a terrible human being and has no hope of becoming better"; to the contrary, they are "people who say things like that to women are terrible."
Also, I really don't see the strip club/bar parallel. Or why it's irresponsible to do interviews in a bar after work, especially when the point of the interview was to find a gathering of people who work on Wall Street in a more casual environment.
@eccles – the salaries are not accidental. I sometimes hang out w/ people who work HR at major wall st banks, and it is HUGE fights between back office and front office managers over just how huge a signing bonus the "fresh outta cornell" dbags can get.
Nobody hates finance front office like finance back office.
@eccles Hmm, you know, I hadn't even thought of that. I mean, the nice guys are probably home with their kids or at pottery class, or whatever.
On the other hand, those guys are definitely awful. And it seems, from what other people here are saying, that they are not an unfair sample?
I;m so grateful for the tone and courtesy here, too. These discussions make me sad and tired enough (anyone want to move to mars with me?) without people getting mean. Which is why I usually never have these discussions.
@Craftastrophies
I totally get your sad/tired feeling. Maybe that's why I'm on the "things aren't so bad" side that annoys so many people. Looks like Stockholm Syndrome, even. But human misery is a constant, and happiness is a choice, right?
The truth is, there are a LOT of awful ones. Power corrupts, we've heard. And yeah,
@thebestjasmine, these guys in this situation were definitely among the awful ones.
What worries me is that creating a smear piece, a character assassination of All of Wall Street and All That We Think It Means based on the actions of some drunk guys in a bar, misrepresents the true situation as well as the genuinely hard working, decent folks that are there as well. They make a TON of money, more than they deserve, but at a huge price. 100 work weeks. Work that can shut down their own weddings, keep them from seeing dying parents. And these fresh college graduates show up to that game… just seeing the money, not realizing the sacrifice. And then they get used to the money. And they have to justify the sacrifice. And they become horrible.
So that's all TRUE.
But if you vilify the individuals, you miss the point of what actually needs to be changed. They're just products of a system. Granted, they're probably Type A, not-often-thoughtful individuals who are attracted to this particular facet of the system, but a character attack is not actual serving anyone except our own ego desire to say THOSE GUYS: BAD. US GUYS: GOOD.
I think we really really need to understand that, lest we get sidetracked into the wrong argument. Do we really need to chop of the young Dauphin's head? Yeah, he's a spoiled brat, but is he really the problem?
Fuck… I'm probably the Scarlet Pimpernel here. I don't know what to think about that. But GOSH wasn't Jane Seymour lovely?
http://www.imdb.com/title/tt0084637/
@eccles See, now I'm picturing you as Richard E. Grant. http://www.imdb.com/title/tt0182408/ And you are VERY attractive in period dress, may I say?
Yeah, I see your point. I mean, part of the reason a piece like that works (fair notice, I haven't actually listened to it yet, I can't on this computer) is by using synecdoches. Ok, I did just want to use that word. But basically, it makes the people represent the whole system. And it works in this instance, I think, because it has a valid point. Those people are a product of a system, a system which, as you say, is not nice even to the people that make it up. It makes them horrible, and they are horrible for real reasons. Well, some of them were maybe already horrible? But also for real reasons (shakes fist at kyriarchy).
Well, and again, Wall Street makes a nice synechode for the kyriarchy. Here are these people who are the sucess stories, who ar reaping all the benefits. But the system is doing awful things to them, too. Besides all the overt stuff, it can't be nice to live in a head that thinks that all women are only objects, gold diggers, etc. Where then companionship and love? I am super tangenty today, but I feel like… I feel like I probably know lots of people who have date raped other people and have NO IDEA that that's what happened. But once you've done that, you're invested in a world where 'they didn't say no' or whatever is an ok reason. Because otherwise you're a rapist! And most people really really do not want to be a rapist.
I'll make it personal. I have a history of abuse, and I've done things a few times with partners and afterwards thought 'oh, shit. That buys right into that pattern/was actually emotionally abusive.' That is fucking scary. If you're trapped in a system or a pattern of behaviour, and you can't catch the early stages, you basically have to be invested in the system because otherwise you're a super awful person. The problem is, then, that you have to do all kinds of twisty thoughts to make it ok – 'they deserved it' 'they made me do it' 'they are lazy' 'I still have MY job because I work hard' 'get a job, hippy!' And then no one can change anything because everyone is too personally invested in destructive systems.
Ok, I'm not sure where I'm going with this. But basically, I take your point about the personal vs the public. I still see it as part of the same problem, but they need very different tactics. Whatever those might be.
@Craftastrophies I learned the word kyriarchy today! Things are going great!
And I am very VERY foppish, you're absolutely correct. It's my outrageous dimples what does it.
I think where you and I have both gone with this is the shared agreement that what is described (and quoted, because I was able to listen to it on my computer) here is ugly. AND it is a reflection of systemic ugliness, which is more significant. AND I hear you saying: if you can see your own disease, and halt it, why can't they? Or why WON'T they?
I don't know, dood. Maybe they're just truly terrible people, worse than the rest of us, and need their heads on pikes. Maybe they need jeezus. Maybe we need a system that doesn't reward buccaneers.
But, I mean, Johnny Depp is sexy. Who doesn't want to be Johnny Depp?
Just by the by, it's been totally great talking this out with you. Thanks for not writing me off as a sexist victim, perpetuating the patriarchy. Writing helps the thought process, no?
@eccles Aaaw, thanks to you, too! It is definitely making me feel less glum about it all, although I'm still glum in general. I mean… fark. And thanks for not writing me off as a righteous, humourless feminist. Which I am, though. But I am ALSO a sexist victim, perpetuating the patriarchy. Its really hard not to perpetuate the patriarchy.
Do you also raise one eyebrow at a rakish angle? Because that + dimples + eye crinkles with cheeky grins are my KRYPTONITE.
I didn't mean to say 'if I can see it and stop, why won't they', as such. I mean, I have a lot of advantages, the first and biggest one being that I had people around me who called me on my shit before it got to the stage where I couldn't admit it to myself. And even then it was HARD man. SO HARD to admit that you might be doing terrible things to people. I mean, to give myself props I did seek out people who would call me on stuff, but again I had the luxury of doing that, and of starting form a place where I knew I had shit that needed dealing with. If I'd been constantly positively reinforced for doing those things? I do not think I have that much strength of character.
This is my own personal struggle with the women in my own family – each generation gets less abused and less abusive, but only by rejecting the ones who came before. Even if they made massive progress. Because even if they did make massive progress – my own mother is SO MUCH better than hers – it's a difference of scale, not of kind. I guess this is less irrelevant than I thought to the discussion. I mean… how do you make it clear that that behaviours/system/whatever is unacceptable, keep yourself and other people safe and ok, AND leave room for growth and change. I mean, basically no one wakes up one day and goes 'shit! Women are human too! I must change EVERYTHING!' So how do we reward people for taking baby steps, and being less abusive and awful, while they are still BEING abusive and awful.
If anyone knows the answer to this, please let me know, and I will tell my mother
I guess part of the problem is not only that the system rewards bucaneers, but that it rewards them so extremely, and also punishes those who choose not to behave like that. That is, to move it sideways again, the problem is not that we have a society that likes frat boys. There is technically nothing wrong with frat boys. It's the we have a society that shuns and oppresses men who choose alternative models of masculinity. Has anyone here read Sheri S. Tepper's 'A Gate to Women's Country'? Because she did this concept much better than I. Likewise, traders who DON'T plunder and cheat get sucked under because there's no room for them in the system. Every system has flaws, but if the system ONLY rewards people who are dodgy, there's nothing but flaw.
Hm, I didn't meant to delete that comment. I been drankin'.
I think that it's clear the system is flawed, but to explain "it's nothing but flaw" would require a much fancier degree than the one I currently possess. I don't believe in straight socialism, personally. But capitalism run amock clearly has it's self-destructive tendencies as well.
I'm interested in what you said about your family. I was raised by a very religious, abusive family, that had the absolute best intentions. They rejected me, because they saw my behavior as evil. That's why I decided not to reject them. I wanted to be better than that. I wonder if that's created a Stockholm-Syndrome-y mentality in me, that accepts persecutors and oppressors and defends them. I wonder if my opinion is credible. It might not be. Or it might just be much, much more broad than most people's. What I wonder most of all is how my opinion might affect the next generation. Based on what you're saying, the answer is probably: not well.
Maybe we DO need to attack injustice immediately, personally, painfully, humiliatingly, wherever we see it. Maybe my parents should be publicly humiliated for what they did to me. I think about it all the time.
Or maybe we should be better than what they did to us.
Or maybe there's a middle ground. But what does that look like?
@eccles I am going to come right out and support you in what you're saying. Are these guys, in this bar, clearly assholes? Oh yes. In fact, I don't think anyone would disagree with me when I say the investment banker culture is the nastiest culture on Wall Street. I wouldn't quite go so far as to call it rapey, but it's definitely sexist, sometimes to the point of misogyny. The upside (from the perspective of people who aren't in that culture) that most people don't recognize is that of all the young jerks who come in to investment banking, with their huge bonuses, only a few will ever go on to become middle-aged investment bankers. Most of them flame out spectacularly or pathetically after just a few years, and since they tend to spend their money like it's going out of style, they're basically left to find a totally different career without much to build on. So there's that.
But to apply the behavior of a few dickbags in a bar to all of "Wall Street" is ridiculous. There are tons of people who work in finance. There are the admins, the assistants, the HR people, just like every other industry. Even amongst the higher echelons, most people are perfectly decent. Full disclosure: my husband works on Wall Street. He is a really, really nice guy. His friends and coworkers are really nice guys. They don't make money by doing things like investing in fraudulent mortgage-backed securities or running Ponzi schemes. They find the Bush tax cuts ridiculous. And there are lots of other people on Wall Street who are nice, normal people just doing their jobs. The reality is, investing in business is a huge part of how the economy functions. That's where businesses get their money to expand and add new jobs. When the economy sucks it sucks for Wall Street guys too.
This isn't to say there isn't some ugliness, especially at a few key firms (and yes, Goldman is one of them.) But finance is a huge industry with a wide range of companies. There are the ones where 25-year-olds stagger around drunk bragging about their bonuses, harassing the admins who cry in the bathrooms. There are also the ones where a lot of smart people manage money, where women run funds and hire equally smart women just out of college. It's frustrating to me to see the best of the industry every day in what my husband does, while never reading anything but negativity in the media.
And, side note – before losing my job (to my boss's girlfriend, no less), I worked in advertising. And I assure you, it was full of braggy douchebags just like those assholes in the bar, and full of weepy, constantly degraded women with no hope of advancement since they possess ovaries and breasts – I was one of them. I think the phenomenon of total unfairness for women is not unique to any industry.
Interestingly, I was also raised in a hyperconservative fundamentalist religious area, though by parents who were somewhat more liberal, being transplants. It really does make you see that people, individually, aren't evil, or don't think they're evil. They're just repeating what they were raised to believe in. We're all indoctrinated in one thing or another, at the end of the day.
@nicemarmot This is not adding to the conversation at all, but… I really love your username.
@thebestjasmine @Craftastrophies @eccles @Hot mayonnaise @et aliae
@ The Hairpin
So FUCKING SMART
I have much much more to add, but for now…
THIS.
Also, soooo….What's ***your cup size*** ?????
Cup of Wisdom, that is! Ginormous, I can tell, very very overpowering. Good questions ultimately result in great, interesting & creative answers. Fo' reals.
shout out to @charina (w/yet another viewpoint)
The same sexist BS I encounter working with the same people–when you liberate wall street, please let the assistants off easy. We're the ones that really suffer dealing with this day in and day out.
@parallel-lines
Yes, thank you. I also look forward to liberation.
Co-signed,
The Backoffice
@thundertheft Maybe someone could leave a side door ajar or something. Or be the one to say 'oh! Look at that horse that they have left us! Let us bring it inside for the night!'
@thundertheft I guess some of the people I work with are okay but honestly….not really. When you give a 26 year old $150k and tell them they're better than everyone else then only hire women who's main purpose is to help them and pretty muc baby them, bad things happen. I have lots more to say about the pink ghetto and the overall lack of women and how few efforts are made to fix that but thats a rant for another day…
@parallel-lines I worked as a sales assistant for three years, in the back office for three years, and then did compliance for two. I had a nervous breakdown. I still thought somehow I could make a difference. And then I got fired so they could hire a man to do it because they didn't like a woman telling them how to run their game.
I changed careers and every day I realize how much that industry screwed with my head, screwed me over, demoralized me and decimated my faith in humanity. I feel like a person that was brainwashed slowly being deprogrammed and adjusting to the real world again. I am still so angry about the whole situation that I know I am going to require years of therapy to get past it (once I can afford therapy, that is).
What I really wanted to say was thank you (and the rest of you in this thread) so much for the work you are doing, because you never get enough thanks for the shit you have to put up with every day. Those juiceboxes would fall apart without you and the worst part is they (well, most of them, anyway) don't even know it. Trust me, I know.
@thundertheft I'm so lame but I almost cried when I read your comment. I'm in the same position you are, probably at a similar firm. No one realizes how awful we have it. We work the same hours, if not more than the egotistical jerks everyone thinks of and the media portrays when they think of finance and Wall Street and we aren't granted anywhere near the record bonuses they are. We are dumped on, demeaned, our opinions are ignored because we are women, because we look different, because we dare to have feelings or question something they did. I've been in therapy because of my job for years. I've been trying to leave for years but I can't find anything else.
It's good to know that there are others out there that feel the same.
@megsisbestest My trajectory in finance has been thus:
1st year: finish college in debt, apply for job in major- get job paying $19K. Apply for jobs doing anything because good lord, who can live on that? Get finance job paying $45K, take it–work as admin with a woman who has a PhD and another who used to run her own company and fell on hard times. Realize this job has lots of very competent people going through bad spells in their lives. Worry about getting stuck.
3rd year: department changes, lose job, try to get another job not in finance, can't get interviews
4th year: doing everything all the analysts do PLUS admin, but they won't give you the title. Cry in the bathroom at least once a week
6th year: you've hit your peak–this is it, they will never promote you. Try applying to non-finance jobs, get interviews but everyone tells you they think your skill set is too specific or they assume you're a toolshed. Go back to school for nursing because working hard labor and being on your feet sounds better than this.
7th year: lose your job to the economy…again
8th year: Why are you still here? Finally get an analyst-slash…ugh, executive assistant job, catch the CFO engaging in insider trading. He thought you were too stupid to know what that is.
9th year: get another stupid finance job. Everyone assumes you have no life, when you express interests and tell people you read for pleasure they seem surprised because you're just a stupid admin after all–shouldn't you be more worried about weddings and babies and US magazine? Cry in the bathroom after your boss' stay-at-home wife chews you out for not handling her personal tasks quickly enough.
10th year: QUIT! Or that's the master plan
I've made decent money in this field but it really has been at the expense of having any sort of intellectual growth or acknowledgment of my hard work – no matter what, I will never get ahead, there is no promotion–this is it. The men in my office approach me thinking I'm stupid right from the get-go, they assume they're more educated, that I'm dumb for taking the job – not realizing I'm using the money to go back to school. For a while I thought I could make a dent in the glass ceiling but I couldn't. I hope all of us can eventually move onto something better than this.
@parallel-lines I'm so sorry. That sucks a whole bunch.
I've worked admin for a bit – I'm doing more editor type stuff at the moment, but I hate it and the pay is shit. Not that admin paid well. Anyway, the point is, that attitude is pervasive. I was working in Social Services, at what was genuinely a really inclusive place – it had its issues, but as far as work environments went, it was puppies and kittens for most of the time I was there. I started as admin trainee (read: Girl Friday)and worked my way up. I wasn't sure I wanted any of the graduate positions I could get, or what to do with my education. I have a degree in International Studies, and so did one of the project managers there who was the same age as me – the only non-admin worker under 30. Except I did honours and he nearly failed. Whenever I contributed with an opinion about social justice or policy or whatever, it was all 'isn't it nice that the young people are engaged' which was code for admin.
One of the Youth Workers once complained about the reading we had for a team meeting. Couldn't we, she said, have something that EVERYONE could be interested in? Looking at me. The chairperson asked her what kind of thing she had in mind and she said 'oh… I dunno… fashion? Or something?' There was a pause and the chairperson turned to me with a raised eyebrow and said 'Kate, perhaps you have a reading you'd like to bring in' I could have kissed him. 'Well, I did just uncover my thesis material the other day. Anyone want to learn about perestroika?'
Anyway, the point is. Even in an org full of smart women – that chairperson was the only male manager – who tried every day to be inclusive, it was assumed that admin were dumb. I just wanted a job that would let me have a life after 5pm, but apparently that makes my brain empty. I quit after applying for three in-house non-admin jobs that I was totally qualified for and could have done in my sleep. But no, I was tarred with the admin brush and would forever be good only for doing their photocopying and teaching them how to save files to their desktop.
Not that I'm bitter.
@Craftastrophies I'm in an admin position right now (waiting waiting waiting until I can move somewhere else and try to get a position in publishing), and this makes me very worried.
@figwiggin To be fair, part of the problem at that place was that it was a bit of a safe home for people who couldn't have gotten or kept a job anywhere else, and they were the worst offenders.
I'm actually looking to get back into admin now because I think I might need to retrain (as WHAT?) sometimes soon, and that will give me options. Besides, there are some things I really miss about it. The problem is when people don't see it as a difficult job. It might not use all of my brain, but it's a damn hard job some days. Which can be really satisfying! But not if everyone assumes you are filing your nails.
@parallel-lines Wow lady! I just want to give you a hug. I worked as an admin in finance for 2 WEEKS as a temp fresh out of college. 2 weeks was enough to make me run screaming from the building… I still have a lot of respect for the back office folks.
"The Government MUST have an enemy. Otherwise, they're the enemy." Yep. That's a true statement. Sometimes it's Eurasia and sometimes it's Oceania…and sometimes it's Wall Street.
@Aaron Davidson@facebook You seem to be implying that the government and wall street are two different things.
Jane, I remember listening to that story when you aired it originally, and clearly remember the impotent fury I felt toward those smarmy, ungrateful fratboys. Given the context you offer here, I don't honestly think I could listen again, because it's going to make me want to punch someone in the face. Really hard. Really, really hard.
@Leigh Bailey@facebook Agreed, see my comment above.
@Leigh Bailey@facebook SO MUCH. I clearly remember my heartrate doubling just because of how mad I was at those douchehats.
I remember this episode, and I remember realizing at some point that you were that SAME LADY, and being excited as hell. And I STILL AM.
UGH! I remember thinking when this aired, "I bet they were totally disgusting to this woman and TAL isn't using any of the crap they said to her." For your sake, Jane, I wish I had not been correct in that assumption. Amazing how they assume they're smart just because they're grossly overpaid…
I've been reading for awhile but this is my very first comment on The Hairpin and it is only to say "UGH" and "You're great, Jane, keep up the awesome work."
@skepchick …Rebecca? All my favourite things are converging!
@AuntAgatha No kidding! If Tina Fey or Neil DeGrasse Tyson shows up I'm going to faint.
@skepchick *blog-star-struck* hi rebecca. i like you.
@AuntAgatha Favorite things converging: that happens a lot around here.
After 2 beers i would probably have beaten one of these douchenozzles to death with my mic. So. Kudos. (also on a great segment that i think should be required listening to anyone who is somehow not outraged)
@oxla? I think I would have projectile vomited on everyone from rage and frustration.
We should tie down people who still think that we need to prop up Wall Street because "they create jobs" and make them listen to this over, and over, and over, and over.
I am more than semi-amazed that this whole Occupy Wall Street situation hasn't turned incredibly, incredibly violent.
Not to mention semi-disappointed.
Oh God, the "demo dolly" comment. Not that you want an assault record, but if I were you Jane, I would be a little bit sad I missed that altercation.
Oooh you should have responded to "what's your cup size?" with "way bigger than your dick, obviously." ZINGO!
@Megan Patterson@facebook jinxies!
Did you ever tell them a random cup size in order to get their salaries? I would have looked them straight in the eye with my 34A's and said proudly "32D"!
@sox 33FU!
@WaityKatie Or you could just aggressively lean in and motorboat against their faces forcibly.
@melis That actually made me snort tea into my nose.
But then you'd have to touch them.
@melis I'd be too worried that they would enjoy it.
@WaityKatie Oh, sorry, did I not make it clear that you would motorboat them until they smothered to death? Because you would. They would die, gasping and terrified, in between your breasts.
@melis Can we at least have some gladwrap (clingfilm? What is the correct cultural langauge here? MASSIVE DENTAL DAM) for our boobs? Because you know that the death spittle of juiceboxes leaves stains, right?
@Craftastrophies The lesbian compound should have a dental dam so large it can stop the doucheflood.
@melis Like Chesty Morgan!
You know, I don't think I realized it until just this minute, but we (Seattle) don't have these types. The i-bankers, I mean, or most of their ilk.
Yes, we have our own homegrown jackasses, but your ibankers are a pretty specific and resilient type of jackass, you know? And I think, living amongst these insidious social roaches, does something to the psyche of the people around them.
@karion Well, not since WaMu went under we don't.
@karion Ever been to the east side? Or Belltown? Yeah, there.
@squid v. whale Yeah. I used to work over there and the entitlement/privilege was just so overwhelming at times. I remember having moments where I would look at some customer and think, "what kind of evil have you been involved in."
@karion Two words: Bellevue. Oh wait that was only one. Ok, um Bellevue SUCKS ASS. Wait, I went too far that time.
@karion yes we do. I was married to a woman who worked as an admin assistant in the finance industry. Just about every single (male) broker in her company was an asshole. It goes with the territory. Oddly enough, the woman brokers were usually very nice people.
I can't even listen to this because the cup size thing alone has caused there to be FLAMES ON THE SIDE OF MY FACE.
@sandwiches heaving breaths.
Jane Marie, that interview was you?? I still think about it after hearing it when it first aired, since it did make my face boil off. In a field full of egregious examples of Wall Street entitlement, this interview really stands head and shoulders above the rest. I'd rank it even above "solid gold chocolate fountain" or whatever it was that one dude had at his birthday party.
The best reporting on this mess that is Wall Street!
I actually just deleted that episode off my iTunes this weekend, because I realized I'd never be able to listen to it again, because of the raaaaaage.
I work in enterprise technology. At the trade shows, you often see companies luring poor bastards to their booths via scantily-clad women. We call them Booth Babes. It actually got bad enough that some of the big shows outlawed the use of Booth Babes. I'm going to go wash my hands a thousand times now.
@missedconnections Not sure the "poor bastards" in this scenario are the lured guys.
@missedconnections I see ads for this kind of thing on Craigslist every day!
I remember this episode too. God, these guys are horrible, but what a necessary story to tell. Thank you for reporting it.
Honestly, I would find someone randomly asking me what my salary was in a bar as offensive as someone asking me what my cup size is (not that anyone has ever asked me what my cup size is.)
I'm going to preface this with, I haven't listened to the interview because I am at work, but speaking as someone from a maligned industry, you grow a resistance to people complaining about your industry WHEN THEY USE YOUR PRODUCTS ALL THE TIME! That being said I'm sure these guys are genuine juiceboxes, as many people in my industry are.
@Xaxa I dunno, I see your point. But if someone was talking to me for a radio story about, say, how fat I am, then I would see the relevance of the question even if I didn't want to answer it. I would like to think that at least I would decline politely. But maybe this is these guy's idea of a zinger?
@Craftastrophies It reminded me of this utter douchebag who came up to some friends and me in a northern virginia bar once with the opening line, "which are you, teachers or nurses?" Naturally, I set him on fire.
@WaityKatie NNNNNNNNNNRRRRRRAAAAAAAAAAARGGGGGGGGGGHHHHH!!!!!!!!!!!!!!!!!!!!!!!
@Craftastrophies I would too, unless I was drunk. Then who knows…
@WaityKatie "Naturally, I set him on fire". I sure hope so.
@WaityKatie I have had someone say that to me at a bar also! What the hell, is this A Thing now? Unacceptable.
@C.SanDiego Oh nooooo, really?!? Maybe it's a line from some movie that juiceboxes like or something?
@Xaxa But what if that person's tax dollars were paying your salary? I'm pretty sure nothing that person ever did contributed to your bra size. Unless they gave you several million dollars for a boob job, at which point I think they'd have a pretty good case for asking what the bra size is.
@skepchick Most industries get something from the government. It's just not usually so widely reported. I'm not saying I agree with the behavior of the banking industry after the bail out. Just that the constant hate gets tiring. If you are just an employee of one of these companies, having nothing to do with policy, you learn to ignore it. It comes off as dickish. Yes, they could work somewhere else, but a job's a job, and there aren't a whole lot to go around these days.
This made me realise that I never resubscribed to TAL when I moved computers. Probably because it kept making me cry on public transport. Must resubscribe.
@Craftastrophies I now make sure I have sunglasses with me when listening to TAL. I was afraid I'd become known as "that girl who walks everywhere, and cries"
I am a half-hearted Wall Street apologist so I thought I would toss my opinion into the ring and see what happens. I'll go in order of things as they appear in the podcast.
1. Steve Schwarzman is an asshole. He's reached the pinnacle in something in life, and that thing is pure dickitude. Ugh. He makes me sick.
1a. He makes the crazy-ass statement about feeeeeling like Poland because Congress wants to raise his taxes. By way of backstory, private equity funds and hedge funds make certain of their profits as capital gains.* Capital gains are taxed at a lower rate (15%) than ordinary income (35%). This is the same for a regular (non-mogul) person who buys shares of IBM for $1000 and sells for $1500 (the $500 gain is probably capital gain taxed at 15%) versus a drone at IBM who is paid $1500 for a week's work (the $1500 is ordinary income taxed at 35%). So, it's not like they're exploiting a special Wall St. loophole. They're exploiting a basic tenant of the tax code that everyone exploits. People say that it makes sense that capital gains are taxed at lower rates because presumably you've been taxed on that $1000 you put into the stock market already. Other people say that there is a difference between money you make through your own efforts (a job) versus passive investing (owning a stock). I personally call bullshit on all that.
Steve's complaint stems from the fact that people (including Obama (who was supported very heavily by Wall St in 2008)) want to put a special exception in the tax code for people like Steve just because private equity/hedge funds are everyone's favorite target. He is saying: "they want to take away my capital gains rate but leave it for everybody else". So what Steve's complaining about is partially defensive. I sorta agree with him, except I think that all income for everybody should be taxed at the same rate. I see no need to have a separate capital gains rate for anybody.**
* This is overly simplified. I know some tax policy nerds will be all "but it's not long term capital gains unless blah blah blah". Geez, we get it. Tax is complicated.
**BTW, this is not a popular position. People (including middle class people) love to defend capital gains for reasons I cannot understand.
@Tuna Surprise
2. The point Adam Davidson makes at 12:30 is spot on. I think some bankers aren't greatful because they believe their banks weren't insolvent (just a loss of consumer confidence!) and they will or have paid all the money back (the government made money on the S&L bailout! it's gonna happen again!). But those arguments don't hold a lot of water. A bank fails because of a loss of confidence. You should be grateful to the government for telling people to have confidence in you when you needed it.
3. Pound and Pence is the worst. Hands down. The higher class of douchebag goes to Ulysses.
4. These guys in the bar are dicks. But other than the guy at the bank, they other two guys only benefitted indirectly from the bailout. But some many people have indirectly benefitted, I don't blame those two for not wanting to cop to being bailed out.
5. Do these guys actually make a lot of money? I didn't think the dude at the ratings agency makes that much. The guy at the institutional investor probably doesn't either.
6. They do have this crazy sense of exceptionalism. That part is so eye-rolling it hurts. Glad to know they didn't contribute to any of the idiocy that brough the market to its knees but they did escape the disaster using their own wits! What charmers these fellows are.
7. In conclusion…I am a partial Wall St apologist. The cause of the financial crises was multi faceted. Wall Street packaged shitty loans because ratings agencies signed off on those loans and fannie and freddie backed them and borrowers lied on their loan applications and investors had a bottomless appetite for them. Lots of people made money: builders, realtors, house flippers, banks, etc. I do think that people are using Wall St as a scapegoat instead of spreading a bit more of the blame around. But if these guys think they're so smart, they should've seen it coming.
@Tuna Surprise thanks!! i wanted to post to see if there are any pinners inside wall street, or who had some kind of insider-type view. i'm torn between being like GROSS WALL STREET UGGH and being like BUT IF I DON'T UNDERSTAND THEM HOW CAN I BEAT THEM!? which is why i'm taking securities regulation.
@Tuna Surprise
Sooo, ummm, how much do you make? (Ok, I'll play the straight man.)
@Kneetoe
32D
@Tuna Surprise
Straight man approves*
*Straight man likes breasts regardless of cup size.**
**Straight man is aware of the venue***
***Nonetheless, * is still true.****
****As is **.
@Kneetoe
Very clever! You're clearly clever enough for a job at a hedge fund. You've already got the height, now it's time to collect what's rightfully yours – the money.
@Tuna Surprise
Hey, I'm smarter that the average person. I've earned my 32D.
@Kneetoe
That's the right attitude! Those puppies are priceless.
@Kneetoe
Also, are we still on at Per Se on Saturday? I've got some leftover TARP funds I need to spend.
@Tuna Surprise My hypothesis on why the middle class defends capital gains is that lots of people have an etrade account and they think it's going to make them rich one day. That Steinbeck line about Americans seeing themselves as temporarily embarassed millionaires is pretty spot on. Sure, I'm getting totally screwed *now*, but once my penny stocks in that perpetual motion/car that runs on water company takes off, I'll really need to be concerned about my capital gains.
@Tuna Surprise
That is the kind of economic stimulation that I can fully support.
That episode TOTALLY induced face-melting rage. Also, just heard Ira Glass's nice <3ujanie and Hairpin shout-out on the most recent TAL!
The thing that gets me the MOST upset is that you just know these guys who "survived by being smart and taking advantage of the situation," like to complain about people on welfare taking advantage of the system.
revolution anyone? I applaud you for not reaching over and re-arranging his face for the demo dolly comment.
Fuck, do I remember this one well. I was cooking while listening and I just started banging pots around and chopping things really hard. Knowing that it was you subjected to these useless subhuman shits only makes it so much fucking worse. I wish them nothing but pain and humiliation.
Hey Jane Marie, "what's your cup size" plus the "demo dolly" comment make me think you must have some nice ones. Soooo, ummmm, how much do you make?
I think by them asking about your cup size, they're oh so subtly saying, "None of your business!"
@Tahoe R. Kamman- Nevada@facebook Wow, nothing gets by you!
This American Life's adoption of "Awnaw" works so hard.
@anonymass can we all just meditate on how "awnaw" is one of the best songs? of all the songs, i'd say it's probably top-ten?
@pussy-strut Yeah, Nappy Roots is pretty awesome.
I <3 TAL so much. I know, it's already been said, repeatedly even, but whatev.
I remember that episode and I am also among the folks who can't ever listen to it again. It made me too stressed out because I couldn't actually set them on fire on Jane's behalf. I mean, sure, her question was blunt and a bit rude, but such is the nature of barroom banter. Plus, it was totally relevant–if they make a lot, that tells us they have a lot to lose financially by not toeing the party line; whereas if they make not-a-lot (for Wall St, let's get real, it might still be a lot to the rest of us), they have a lot to lose aspirationally by not *believing* the party line. It colors the rest of the story, which I'm assuming is why the question was asked. I think the actual response in this case is even more telling than either answer they could have given, though, so…hoist by their own petard, really.
I'm not *surprised* to hear that they responded by "putting her in her place" and reminding her of exactly what her value is to them, but I'm kind of glad I didn't know it when I was listening to the episode, because I think the incandescent rage would have blocked out the whole rest of the episode….
YOU THINK YOU STILL HAVE YOUR JOB CAUSE YOU'RE SMART?! hearts jane. hearts.
I remember listening to this story when it first aired on TAL while I was on my bedroom elliptical machine. I wanted to crawl through my computer and throttle those dudes. I thought at the time that kind of rage was caused by workout hormones. But I'm sitting quietly and the urge to throttle is back.
Jane, you're great. So glad I have a forum to tell you so.
Jane, you and Adam had incredible patience and restraint in the face of some seriously ugly attitudes. These Lord God King Juiceboxes are a prefect example of what's wrong with America and why Occupy Wall Street or something like it is absolutely necessary.
While I am really glad to find a transcript of this episode(and it looks like some but not all others?) on the TAL page, this message at the top made me sad: "This American Life is produced for the ear and designed to be heard, not read. We strongly encourage you to listen to the audio, which includes emotion and emphasis that's not on the page."
It's not that I don't want to listen to the audio, it's that spoken-word audio with no lipreading cues is impossible for my mostly-deaf self to understand
.
@Alixana Write Ira Glass and tell him that!
I work in finance & I would say that (while I loved this story) maybe there's a bit of sampling bias here. I never go out w/ my co-workers to bars b/c they're not people I would usually be friends with. I hate going out down there, anyway.
I am a sex worker and the majority of my clients work in finance. For the most part, they are ignorant, lack self-awareness and do not dwell in the land we call reality. I am paid to spend time with them, feign interest in their lives/jobs/relationships. They believe I genuinely like/give a shit about them as they hand me huge amounts of money, unlike anything I ever earned when I was working as an office manager. I believe that for all the macho sick that comes out their mouths, they are really depressed that no woman would spend time with them unless they were being paid to. They may make a lot of money, but they need a lot of money to buy "friends" and compensate for being very fucking dull and insecure.
GUILLOTINE
GUILLOTINE
GUILLOTINE
GUILLOTINE
And here comes the Ayn Rand shit they use to make sense of their weird logic: "It's not because of the bailout I still have my job; it's survival of the fittest, because I'm smarter… than the average person."
I was really waiting to hear him say "I'm smar-ter than the av-a-rage bear!"
I don't work in finance but I go to school at a place that turns out more finance douches that pretty much any other (maybe Dartmouth has us beat) and my brother is a pretty typical Wall Street guy. I have plenty of friends that already have offers at Morgan Stanley and Goldman and I interviewed with a hedge fund yesterday.
I really don't know. Where I'm standing, I find it very, very easy to sympathize with Occupy Wall Street and to feel like these guys are evil incarnate–maybe I feel it more than most because I'm constantly surrounded by kids, both male and female who will one day (very soon) become these guys. I can't suppress some confusion at these protests though. What are they looking for, exactly? Empathy? Compassion from the bankers? I guess my point is that I can see why these guys are dicks but honestly, if these kinds of opportunities were handed to you, who wouldn't take them? And once you get embedded in the culture, you can't help but convince yourself that you deserve the vomit-worthy wads of cash you're generating. I'm not really justifying or apologizing for this shit–but I know a lot of people who make more money than anyone deserves in finance or who will soon do so and sort of wanted to give my understanding of the mindset.
I heard this when it originally aired and was immediately spirited back to one lunch hour in the early aughts when I wandered into Mangia, downstairs from the midtown offices of GS, and saw a trio of fratsters in snappy suits throw twenties on the sandwich bar and jokingly (ha ha ha!) demand that the sandwich maker show them her tits. A decade later I'm still reeling from the knowledge that those sort people actually exist.