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Reply to "Housing is the new source of inequality"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]How do you think people felt who were starting their life during the financial meltdown in 2008-2010? At some point, the majority of law firm associates were fired (unlike during the pandemic when partners learned that they wouldn’t be able to replace them and companies got massive subsidies)?? I had a baby and was pregnant when both DH and I lost our jobs. It took us years to get back into the workforce. No one was hiring in our fields until 2012 and 2013 and by then they didn’t want stale workers anymore. I bought my first house when I was 35. Kids were in elementary school and the neighborhood wasn’t great. It massively appreciated during the pandemic but I am now in my mid 40s and my career was basically ruined because of how it started out. And I am certainly not the only one, it happened to thousands of lawyers and Wall Street workers. No one cared. No one gave subsidies like Trump and Biden did. [/quote] Subsidies wouldn't have stopped the layoffs in law firms in 2008/9. There was a huge glut of useless big firm lawyers working on securitized b.s. and related financial world legal work. Those jobs went away because those big firms were just handmaidens for parasitic financial shenanigans. Plenty of people chose better paths (maybe not as lucrative right off the bat) or pivoted when it all went away. The fact that you weren't able to participate in that nonsense doesn't make you a victim. No one is entitled to a multimillion dollar house in Arlington just because they graduated from law school and were willing to work for whatever parasitic industry was paying the most.[/quote] I dislike lawyers and our financial system as well but you just come across as a special type of miserable human being — ragging on PP for being entitled and working for a “parasitic” type of law when he / she didn’t say anything indicating that this was the case. She could be a non-profit lawyer representing widows and orphans for all you know. My guess is you aren’t happy with your job / house, so you come On here with crazy levels of negativity. Hope I’m wrong. [/quote] She was a law firm associate, no doubt in Big Law, and if her field was not hiring until 2012/13, it was exactly the kind of field I'm talking about. The people who actually helped "widows and orphans" didn't lose their jobs during that crash. I just don't have a lot of sympathy for people who complaint about the "subsidies" during COVID as if they were entitled to a lucrative, but actually parasitic, law job right out of law school. [/quote] You have no idea. All transactional practice areas were affected, also regulatory to some extent. Transactional includes much more than securitization. Also, calling a respectable attorney “pimped out” shows what a pathetic, disgusting human being you are. No lawyer I know even comes close to being such a contemptible human being. Also, aren’t you the one who said he’s working on Wall St, financial institutions? Wouldn’t you count yourself as a parasite by your own definition? I am honestly shocked at the way you communicate your frustrations, but I suppose your never know who’s on this board, some people have mental illness/challenges and it comes through in how they talk to others here. [/quote] I am not the Wall St person and didn't use the word pimped out. The whole world of transactional and regulatory Big Law falls into the parasite category. And the whole idea that someone is entitled to make massive amounts of money by helping that system is laughable. And there were plenty of subsidies given out by Obama, but the law firms still fired tons of associates because they could and wanted to keep the money for the honchos. But live by the sword, die by the sword.[/quote]
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