Who lost their job in the great Recession of 2008-2009?
I recovered in 2012 but by then the housing market was jumping and a house I origionally wanted to buy that cost 250,000 was going for almost 400,000. so that was another set back.
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Yes, I'm sure Trump would've REALLY hesitated to bail out banks - you know, after he's disassembled regulation to reign them in, you can just tell he'd take a libertarian view. No-one with that gun to their heads would've taken the moral high ground by not forcing TARP through.at1212b wrote: ↑Jun 5th, 2018 5:22 pmMy best bud lost his corporate banking job (credit sell-side). But the Bank he worked for which he only started not even a year before, got bailed out by the country, so he still ended up with a big fat bonus while he was already laid off (after getting severance). Subsequently got back in after all the bail outs and wall street recovery about a year later and is now sitting pretty on the buyside working for a fund.
And you wonder why a 'disrupter' like a Donald Trump is in Office (Remember, Obama's popularity plummeted during this time for the 'over' bailouts.)
I worked in finance too, and sure, there many people that did get laid off, including whole 'divisions', especially if you were remotely related to any sort of Structured Finance product, but everyboyy I knew got back in it, and are doing well. Really didn't skip much of a beat. Layoffs happening after were more associated with restructuring, older employees, more individualized cases.
But the uncertainty of it all was quite scary.
Jun 5th, 2018 9:51 pm
It's funny that Bush put the first TARP that helped fuel Obama into office (McCain even said he didn't understand economics when all this was happening). So the First Tarp which more House Republicans actually voted against than for it, helped Obama win. Once Obama took office, the effects of the first bailout (if anyone remembers the AIG Bonus situation) started occurring on his watch despite TARP passing (Oct 2008) before his election.angrybanker wrote: ↑Jun 5th, 2018 7:36 pmYes, I'm sure Trump would've REALLY hesitated to bail out banks - you know, after he's disassembled regulation to reign them in, you can just tell he'd take a libertarian view. No-one with that gun to their heads would've taken the moral high ground by not forcing TARP through.
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No I was disqualified for my mortgage because I had been laid off, even if I did have a mortgage, how would I make the monthly payments with a huge gap in my employment?
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