Life is hard….even for bankers


Sometimes reality is better than fiction.

Sometimes things that happen in the real world that
Sometimes you think ‘you just couldn’t make this shit up’
There are a lot of people around the world struggling through these hard economic times (at least there are in the ‘West’); a lot of people making sacrifices and cutting back just to make it through the day; a lot of people surviving on hand-outs and charity because there are just not enough jobs to go around.
We blame the Chinese
We blame the politicians
We blame the bankers
…but spare a thought for the effect that this down-turn has had on those hardy souls plugging away day in day out in the Banking industry.
Sometimes we lose sight of how hard this has all been on them.
Take Andrew Schiff, who has been courageous enough to speak out this week on how people are forgetting the challenges faced by execs and bankers.
Yes he has a full-time job as the communications and marketing director at Euro Pacific Capital; yes he earns $350,000 a year (excluding bonuses); and yes he is finding it hard to survive, according to his interview with
Imagine Mr Schiff’s pain being surounded by those that are living the American Dream. In his own words –

‘The New York that I wanted to have is still just beyond my reach’.

‘I’m crammed into 1,200 square feet. I don’t have a dishwasher. We do all our dishes by hand’.

He told that he needs a 600-square-foot extension to allow:-

 ‘a room for each kid, three bedrooms, maybe four’.

‘Imagine four bedrooms. You have the luxury of a guest room, how crazy is that?’

Other high-flyers have also spoken about their struggles and you can find out more here.


21 thoughts on “Life is hard….even for bankers

  1. The horror of having to washdishes by hand! THE. HORROR.

    This guy deserves a medal for suffering through this terrible hardship. I wonder how he manages to get out of bed every morning? His troubles must really weigh him down.

  2. Ah thanks for this and it bring home the banker's very real and saddening 'troubles'. Although it kinda' makes me think about this:
    I keep hearing about 'the big bank theory'. The theory goes something like this. First of all, become the Chief Executive Officer (CEO) of a big bank and get rewarded for incompetence, whilst your millions of loyal customers are thinking about such trivial things like, will they have a roof over their heads, a job tomorrow, or food on the table. And to top it off, as a CEO, you will get a nice hefty bonus, at the end of the year, for a job not well done. Great stuff! A bonus for buffoonery. An incentive for idiocy. And when you become the epitome of incompetence, it gets even better. Apparently you morph into a 'Fat Cat'. What's that you say? It aint no theory, it's fact ? Say it aint so……

  3. Step in to my sight line banker man. Their like politicians, their so removed from reality of ordinary people. But their attitudes are re inforced by this damn oligarch media who keep the chirruping up enough to distract a lot of people.

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