Sunday, March 15, 2009

Party on?


From the New York Times:

As for how he and his fellow Wall Streeters could still afford such afternoons, he said: “We all made so much money in the past five years, it doesn’t matter.”

A 29-year-old man who works for a large investment management firm and was at Bagatelle’s brunch one recent Saturday and at Merkato 55’s the next, put it another way: “If you’d asked me in October, I’d say it’d be a different situation, and I don’t think I’d be here. Then the government gave us $10 billion.”

72 comments:

Anonymous said...

Ugh. Just ugh.

Emily said...

If the gov't gives me $10b, I'll throw a ridiculous party. And I'll invite you guys, not those ponzi wall st. guys.

Anonymous said...

WTF?

Congress should pass a 99.9% tax on any bailout money that doesn't go *directly* into absorbing the toxic "investments."

Anonymous said...

This is when social pressure should be applied.

Tar and feather them!

Anonymous said...

And then they go out to do their community service, no doubt.

Anonymous said...

This makes me f***ing sick.

Anonymous said...

But are they really happy? :-\

This needs to be filed under "Things that are Wrong."

Seriously.

Anonymous said...

"But are they really happy? :-\"

I think they really are, and that's why you all are really steamed.

Lolo said...

At least the lil d~bags are still spending money. Although, the idea that they're spending my tax dollar does get me steamed enough to nutkick every last one of them.

Anonymous said...

Decorno,

You are going through some kind of a transformative experience and I like. Keep up the good work.

Decorina said...

Is there the teensiest thought in any of their minds where to hide when the villagers come after them with pitchforks, rope and torches?

Anonymous said...

Trying to incite a little class warfare again? Calm down.

Anonymous said...

When are you going to stop trying to tar and feather Wall St. every opportunity you get, and take a harder look at the likes of Barney Frank, Chris Dodd, and Maxine Waters? How about some outrage at your liberal brothers and sisters for their disgusting part in the whole collapse of Fannie/Freddie? Also, Obama's off to a rocky start, what say you?

Anonymous said...

Oh, and that nearly trillion dollar stimulus bill (full of ridiculous spending) - no outrage from you on that front? You're a joke.

puck said...

I guess I am some sort of a weirdo... but that lifestyle has ZERO appeal to me.

I am not interested in a reservation at Dorcia, competing business cards, or feeding a stray cat to an ATM. Call me crazy.

big boy said...

raped in prison.

Anonymous said...

Tell me this is a fundraiser for Kiva.

David said...

Here's hoping their brunch buffets came with a host of foodborne pathogens.

Anonymous said...

anon 4:06 - hi-lar-ious!

tinkalicious said...

Ewh, digusting, haven't they heard of karma? Nothing rankles more than smug!

Anonymous said...

Hey anon class warfare opponent - it is not class warfare she is writing about - it is called a dumb and dumber alert for all who care to hear.

melissa harris said...

shallow stupid empty headed
morally bankrupt unconscious....

Anonymous said...

I'm beginning to think this will be known as the John Edwards Age.

It's not the bonuses, parties, or the consumption that upsets me - that's what they were trained to do. It's the insensitivity and lack of common sense.

It's like being trapped in an elevator for the third day with a smelly fat guy and you hear him unwrap a candy bar. You know he has to eat, but you don't want to hear it.

Anonymous said...

I read the photo caption for the big photo first, and thought the woman dancing was named Merkato, and her age was 55. First thing in my head was "wow, Asian people age *really* well."

That is all. Carry on with class war.

-Chase

Anonymous said...

You know it amazes me than when our elected officials decided to hand over all this money to the banks than none of the LAWYERS amongst them even thought about setting up guidelines to restrict the companys spending of said monies.
It sickens me to see and hear such wasteful spending when small town americans are getting FUCKED by the same system that should be protecting them.
Karma is a bitch and I want to be front and center when all the assholes involved with this shit gets their due payback....Hey we could first start by not electing any of these asshole to their jobs when elections come around again...it's apparent to me that education means nothing, so elect someone coming from the trenches to decide where OUR money should be spent! God bless OBAMA...I think he is at least trying to help us

Anonymous said...

That's right, Obama- the all merciful, Chosen One...Shut up!

Anonymous said...

you shut up!

Anonymous said...

I wish people would wake up and fight for their country. Why are we letting the likes of these socialist liberals take our country away for greed. A bailout of pork that won't stimulate our economy but put us more in debt than before. Wake up people. Call your congressmen and complain.

ks said...

some people know the price of everything
and the value of nothing.

Anonymous said...

Er, Anon at 8:07 PM,

How are Wall Street people socialists?

-Chase

s. said...

Hmmm. Big surprise. When the government gives anyone a free handout, from welfare to bailouts, how often is it really spent wisely and in a way that will truly remedy the problem?

Exactly.

Anonymous said...

Anon 8.07

Go to the dictionary and look up
socialist.

Wake up indeed!

Sacheverelle said...

Nice.
These people should be forced to pay reperation to all the people they fucked over.

Suzy said...

Nice.

Maybe I'm dumb, but why is the government bailing out the idiots who created all this mess in the first place?

tracey said...

'shallow stupid empty headed'
(4.43). I agree, but then of course I am spending all my free time looking for a sofa, looking for fabric, thinking of trims, thinking of coffee tables etc. I'm sure these people couldn't care a toss about their homes - this is what they spend their money on - and if they've got it, who are we to judge. There are still some rich people out there (no, not me) who have earned their money the hard honest way. Or do you think everyone in New York is corrupt, works on Wall Street and doesn't deserve to be spending at all?

Anonymous said...

Oy. You, Decorno, are breaking my ever lovin' heart. I used to come here for funny and edgy stuff. You are now like the 6 o'clock news. Totally depressing. I feel like it's the constant screaming of, "The sky is falling" that makes everyone spend less and hurts business. Then the, "Look who's being wasteful" makes everyone angry. And spreads more fear.
Geez.

Zelda said...

if I tell you i was there , would you still be my friend ?

The House of Beauty and Culture said...

Would everyone just prefer to see 30 or so restaurant workers out of their jobs? That's what would happen without the spending.

Anonymous said...

Class warfare?

Remember the class warfare waged on the so-called "welfare queens?" Supposedly living the high life on taxpayers dime. Eating bon bons all day.

Now the tables are turned.

These truly are the bailout queens.

They really are living the high life on taxpayers dime. Big difference between bon bons in the 'hood, and thousands spent casually in an afternoon in an exclusive NYC club.

Anonymous said...

I don't mind that Decorno contextualizes our love of decor with the surrounding economic conditions.

Rather makes decor all the more interesting to understand it against the backdrop of all the economic drama.

Why pretend we're not in the great recession? To me, the economic climate is all part of it. It influences our decor sensibility. Its all context.

Poulet said...

As someone who lost a job 3 years ago in an industry that's fast going down hill (soon to be extinct), I'm sickened by this NYTimes story. But I'm even more sickened by some of the comments here. (And HOBAC's response, that one person's $20K champagne spree payed for by US taxpayers is trickling down to keep 20 people employed in NYC is half-laughable, half-sickening.) I've come to the realization that this blog not where I want to be hanging out.

Lolo said...

Decorno clipped the only part of that so called article that's pertinent to me. The rest is "meh". So, they're partying and they still have the money to pay and they're still spending. Good job, NYT on reporting how the Haves are either pretending to not be rich or are spending like there's no recession.

The only thing that pisses me off is ending this whole non-story with the incitement of "oh we were scared but then we got money from the government so Ha Ha, Suckers".

Iheartfashion said...

What surprises me most is that none of these people possessed the self-awareness to realize appearing in the Sunday Times partying would not endear them to the masses. How about a little discretion?

rerun said...

Anon 8:07/socialist comments: Dear, you seem to have wandered into the wrong blog. sort of like wandering into a party that you thought you'd like, but now it turns out you don't. But you feel compelled to stay. Since this is Decorno, the drinks are strong and apps are tasty, and the talk witty and fun. Yet...it's not quite right for you. It might be time for you to bid adieu to the few folks you've chatted up while your drink has gotten watery, freshen up in the bath, then skidaddle. Hop a taxi, and find another party.

I speak from the heart, love. You really don't seem happy here...and you're beginning to seem a little nuts & annoying. Take care precious.

(Note: happy to repeat this post when necessary)

Saga said...

i ditto most previous posts. these people wouldn't last long in the wild (where the rest of us are waiting with sharpened claws).

thingsthatreallysuck said...

Ugh this is definately going on my list of things that suck.

Anonymous said...

rerun-

I thought blogs were for the free exchange of ideas and opinions, both of those in agreement
AND dissent.

Silly me.

Perhaps you should direct Decorno to specify that those who disagree are not allowed to post, or even READ her blog.

Anonymous said...

This has the feeling of the beginning of the French revolution. It's up to us to take to the steeets.

Anonymous said...

I stumbled upon this blog by accident and I have been following it daily...I think the diversity of comments and reactions to whatever is posted is enlightening and in some cases inspiring.

Hanako66 said...

f ing wonderful

Anonymous said...

w.o.w.

Anonymous said...

ReRun dear,
The tone you employ is a bit tedious and overdone. Get over your freaking self. There seems to be a trend in the type of 'voice' that is used when posting comments. gag.

Kisses
Lucy

Anonymous said...

Dear rerun,

I know you think you are quite witty and verbose, but really honey, you do need to brush up on the back story here. Obama and camp are socialist liberals and are determined to set this country back by decades with some of their economic ideology and resulting policies with the purpose of making things more equal between classes - there's that word again. It is not, I repeat, not, a class war discussion, it is a freedom war discussion. Tut, tut poor rerun must not have done her world history assignments.

Lolo said...

"social liberalism" is the new "homosexuality", oh excuse me, the new "protection of marriage and family".

Hello, Social Security, Medicaid, Unemployment benefits, Aid to Families With Dependent Children. What are all these programs? How on earth have we managed to survive all these decades while supporting our seniors, disabled, unemployed, disadvantaged families? Do we dare to call it ..... Compassionate Conservatism? Would that make it better for you?

I don't even care what we call it, I do support my tax dollars going to help those who are fortunate enough to live here and need basic shelter, emergency coverage, etc.

All the years of free market, deregulated capitalism helped to bring us to this present moment and all the shrieking of "Obama is a socialist" isn't going to change that fact. Thanks to the fact that we live in a democracy, we now get to see how Obama manages to craft policy to lead us out of the mess. He won, you can complain, we'll have to see how and if he manages to do the job in a way that puts us back on a healthy track.

Anonymous said...

Lolo,

Programs like you described are not the problem. Governments should always care for its weakest and most vulnerable members. Obama and camp setting its sights on the dual income couples at the $250,000income level are I think what has gotten some people riled up. These are often times the very ones who are responsible for much of the hiring in small business. Tax them heavier and you are impacting their hiring and promotion capacity, directly affecting jobs of individuals and their families. Bailing out the irresponsible bankers, mortgage and insurance people and let's not forget the auto industry is especially difficult for small business owners to take.

I think it is abundantly clear that everyone will have to bear some of the weight of this recession/depression, whatever you want to call it.

How the NYC crowd affords to party like that is beyond me. They must live stacked like a cord of wood in those tiny apartments is all I can figure.

Anonymous said...

Obama is the worst control freak to occupy high office in the history of the United States. Obama is the Nanny to end all Nannies. Socialism is not a political philosophy for him. It's the other way around. Control freakery is Obama's basic personality. Socialism is just his way of making it look good to his buds on the Left.

Anonymous said...

Take something as small as Obama's need for a word-for-word script, just to answer questions at press conferences. His teleprompter dependency is simply unprecedented. Any Republican president would be laughed out of the room with that kind of hand-holding from Axelrod, or Bill Ayers, or Michelle, or whoever is dictating the words behind the scenes. No wonder Obama is considered eloquent. Like a talking head on TV he constantly needs his writers to feed him the words, so he can pay total attention to his acting style. But even his acting is degenerating in front of our eyes: Obama is turning Obombastama. You can tell from the tone of hysteria creeping into his operatic baritone. Maybe they need to switch that reverb circuit back on? That should impress all the lickspittles of the White House press.

Anonymous said...

The paradox of it all is that the free market will have to get us out of this mess, simply because whatever policies Obama conjures up from day to day are contradictory. You can't spend a trillion plus on the phony stimulus bill, and then expect to spend more and more trillions of Monopoly money on your liberal wish list: universal healthcare, carbon trading schemes, declaring CO2 to be a poison. "Pardon me for breathing," as New Yorkers used to say. That was a joke. Soon breathing out CO2 may require a carbon trading license from Carol Browner at the EPA. Not a joke. As for the other end, methane is next.

Anonymous said...

With Obama running around in all directions at the same time, the market will find ways to get around overregulation. It usually does. The old military maxim is "order, counter-order, disorder." Another useful rule is "never give a command that won't be obeyed." But that's precisely what the Big O keeps doing. It's an odd way to liberate those markets that cannot be controlled -- which is most of them -- but what the hell, it's a libertarian dream.

And when the economy recovers in spite of all that control freakery, Obama will take the credit. In a way, he might deserve it.

Lolo said...

http://www.whitehouse.gov/agenda/taxes/

It seems very clear that the supposed onus on the DINKS is a bunch of hoo hah. They're also going to roll back the capital gains tax on small businesses. Read it, it's very simple and straight forward. I'm happy to discuss what the White House is actually on the record as proposing, the rest is conjecture and fearfearfear and I've had more than enough of that.

red.door.read said...

ouch. glad i'm not a US tax payer.

this kind of attitude is systemic in investment banking.

hubris is a part of the culture and something that won't change very easily. it's like training a racehorse to slow down.

Anonymous said...

Makes me wish for a free market soceity where executives who make stupid decisions that run their companies into the ground go out of business, no matter what the size of the company.

Where can I get one of those again?

David said...

Anonymous doesn't care for the President, in case anyone missed that.

Anonymous said...

Anon 12:08: writes

"not a class war discussion, but a freedom war discussion."

WTF?

"freedom war"?

That doesn't even make any sense.

Anonymous said...

Personally, I love that Obama is a "control freak" (as you call it).

"Control freaks" are usually very hands-on, involved; they understand what is happening, make careful, considered judgements, are over-achievers, etc.

Works for me.

Anonymous said...

Who is John Galt?

Cici said...

Anon 6:33 -- "Freedom Wars" are kind of like "Freedom Fries," perhaps, but without the lardy goodness.

Anonymous said...

I live in a suburb of wall street where every other person is an investment banker or insurance person. This is the most absurd picture and it doesn't reflect any reality of what we are living through... with jobs disappearing and families to support. The people involved in creating the mortgage mess were such a small percentage of those in the financial industry, however we, the decent, hard working people are taking a beating for it. No one is dancing around or making cavalier asshole statements like the one that was quoted.

Anonymous said...

"Makes me wish for a free market society where executives who make stupid decisions that run their companies into the ground go out of business, no matter what the size of the company.

Where can I get one of those again?"

Yeah. I used to admire the US as one of the few places in the world where people and companies would succeed -- or fail -- not because of which government officials they bribed or which handouts they could get, but rather who performed best.

Now, in the market for a new country to admire.

Anonymous said...

I still believe in this country--against all rational evidence. . . .

Did you know that as a percentage of GDP, China's stimulus investment in its country is 3X our stimulus investment. China may emerge from this global crisis very strong.

Anonymous said...

Finally an anononymous at 5:27 am on March 17th with some insight as to what is happening:

"Did you know that as a percentage of GDP, China's stimulus investment in its country is 3X our stimulus investment. China may emerge from this global crisis very strong."

Freedom wars, you little dummies, is a metaphor for describing a citizens ability to REASONABLY create and sustain employment opportunities for him or herself and others and have the city, state, and federal government not treat them as adversaries. I can't tell you how many people I meet who say they don't know how much longer they can stay in business because of the cost of doing business and it usually boils down to taxes, utility costs, and other government fees, and that is if you can even get a SBA loan.

Small business is the engine of this country, not AIG, FORD, bla, bla bla.

So go to the corner and eat your lardy fries, won't you.

The Sale Rack said...

Ridiculous! so much waste out there---on wall street and in the government.