Confessions of a Laid-off Lawyer

Just Your Average Joe Blogging Away His Debt—In One Year or Less

Posts Tagged ‘Wall Street

Working on Wall Street

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Total Black: $419.81
Total Red: $230,977.94

Yesterday was my first day working on Wall Street.  It’s only a contract attorney position, but for the rest of my life I can now say that I worked on Wall Street.  The project isn’t spellbinding or anything, but it’ll do for awhile.  I share a workspace with two other people and there’s only a total of five people on the project, including myself.  Much of the day is quiet except for sporadic bursts of conversation.  We can work from 9 a.m. until 7 p.m. but only for a total of forty hours a week.  That means I can start at 9 a.m. and be out at 5:30 p.m. (the law requires us to take at least thirty minutes for lunch) or have two hours during the day and leave at 7 p.m.  I’d like to use those two hours to work out at the gym, but I first need to earn enough to reactivate my gym membership.

Money that came through last night from unemployment benefits is already promised for COBRA payments for last month and this.  So, that means I’ll be without much cash for another week.  I wonder how many other people get stuck in this feedback loop of just being able to cover monthly expenses but never able to apply anything to debts.

Written by Laid-off Lawyer

November 11, 2009 at 23:49

Make the Man, Make the Money

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Total Black: $631.22
Total Red: $230,281.21

At the temp position today, one of the other contract attorneys gave me a fortune cookie.  I think he had received an extra with his order, so he offered it up and I said I’d take it.  I figured, “Why not?  I could use goodFortune fortune.”  Unlike fortune cookies from a few years ago, fortune cookies of today seem to have lost their foresight.  My fortune cookie read: “Wealth is not in making money, but in making the man while he is making the money.”  No fortune-telling there, just a bit of wisdom being passed on.  But for me, it is a very apt and timely “fortune.”  And one worth teasing out a bit further. Keep reading . . .

Debtor’s Revolt

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Total Black: $66.62
Total Red: $230,649.18

Dealbreaker, a self-dubbed Wall Street tabloid, posted an article today titled “Bank of America Making Great Strides in Customer Satisfaction.”  It included a YouTube vlog by Ann Minch wherein she took Bank of America to task for its “usury and plunder.”  Minch claimed that Bank of America “jacked” her interest rate up to thirty percent despite having good credit and being under the limit.  In her vlog, Minch calls for a debtor’s revolt.  I’m all for it.  In What is This, Sarcasm? and On and On and On, I expressed my own frustration at Bank of America’s voodoo accounting practices.  The practices of personal banking and credit lenders have really gotten out of control.  Minch’s vlog and a comment posting a link to a newspaper article both show glimmers of hope that the banks are getting the message. Keep reading . . .