Oopps. It seems that #OWS may be joined by more bankers and brokers as MF Global, the finance instituon who crashed and burned after the EuroZone crisis, fires 1,000 employees in their Broker-Dealer Unit. Ouch! Talk about getting kicked in the ass when things get ugly in finance. Again, another example of how cut-throat and dry the industry really is: When things are good, everyone seems to join in on the bubble, but when that bubble burts, even Wall Street isn’t immune and the smaller Wall Street guys and gals/The Low End of the One-Percent gets the boot while the big boys (known as the Big Swinging D^^^s of Wall Street) keep their jobs and their money!
- What Happens to MF Global’s Employees? (blogs.wsj.com)
- MF Global aftershocks (ftalphaville.ft.com)
- Everybody At MF Global Is Wearing A Job Interview Suit (businessinsider.com)
- Congressman Warns Against More Regulation After MF Global (blogs.wsj.com)