Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

The World of the Big Rich Collapses - Vanity Fair

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
Irish Girl Donating Member (265 posts) Send PM | Profile | Ignore Sun Dec-07-08 07:35 PM
Original message
The World of the Big Rich Collapses - Vanity Fair
..snip

Only months ago, ordering that $1,950 bottle of 2003 Screaming Eagle Cabernet Sauvignon at Craft restaurant or the $26-per-ounce Wagyu beef at Nobu, or sliding into Masa for the $600 prix fixe dinner (not including tax, tip, or drinks), was a way of life for many Wall Street investment bankers. “The culture was that if you didn’t spend extravagantly you’d be ridiculed at work,” says a former Lehmanite. But that was when there were investment banks. Now many bankers, along with discovering $15 bottles of wine, are finding other ways to cut back—if not out of necessity, then from collective guilt and fear: the fitness trainer from three times a week to once a week; the haircut and highlights every eight weeks instead of every five. One prominent “hedgie” recently flew to China for business—but not on a private plane, as before. “Why should I pay $250,000 for a private plane,” he said to a friend, “when I can pay $20,000 to fly commercial first class?”

The new thriftiness takes a bit of getting used to. “I was at the Food Emporium in Bedford yesterday, using my Food Emporium discount card,” recounts one Greenwich woman. “The well-dressed wife of a Wall Street guy was standing behind me. She asked me how to get one. Then she said, ‘Have you ever used coupons?’ I said, ‘Sure, maybe not lately, but sure.’ She said, ‘It’s all the rage now—where do you get them?’”

One former Lehman executive in her 40s stood in her vast clothes closet not long ago, talking to her personal stylist. On shelves around her were at least 10 designer handbags that had cost her anywhere from $6,000 to $10,000 each.

“I don’t know what to do,” she said. “I guess I’ll have to get rid of the maid.”

Why not sell a few of those bags?, the stylist thought, but didn’t say so.

“Well,” the executive said after a moment, “I guess I’ll cut her from five days a week to four.”


Wall Street: Profiles in Panic
Vanity Fair January 2009
http://www.vanityfair.com/magazine/2009/01/wall_street200901?printable=true¤tPage=all
Printer Friendly | Permalink |  | Top
Newsjock Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 07:37 PM
Response to Original message
1. My heart freakin' bleeds
I'm not normally the type to talk about insurrection, but these "people" would certainly make appealing targets for forcible asset seizure.
Printer Friendly | Permalink |  | Top
 
ThePowerofWill Donating Member (462 posts) Send PM | Profile | Ignore Mon Dec-08-08 04:26 PM
Response to Reply #1
86. That was my very first thought to the tee.....
My heart fuckin' bleeds. Of course with all the sarcasm i could muster.
Printer Friendly | Permalink |  | Top
 
CatWoman Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 07:38 PM
Response to Original message
2. oh the fucking horror of it all
:sarcasm:
Printer Friendly | Permalink |  | Top
 
KittyWampus Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 08:33 PM
Response to Reply #2
23. Catwoman, we all know teh stoopidity of trickle down, but I live where these people drop money
It isn't just cutting your housekeeper down to only 4 days a week. It's the housekeeper having to pay for heat this winter.

And it's hard enough to get a lot of these assholes to pay for services rendered as it is.

Rich people can be the worst paying their bills. Now, they are even worse.
Printer Friendly | Permalink |  | Top
 
bemildred Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 07:38 PM
Response to Original message
3. The best is yet to come ...
:popcorn:
Printer Friendly | Permalink |  | Top
 
ogneopasno Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 07:38 PM
Response to Original message
4. God, I hate this system. I hate that mindset. I hate people. I hate society.
But I love Vanity Fair.
Printer Friendly | Permalink |  | Top
 
roguevalley Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 03:36 PM
Response to Reply #4
83. Vanity Fair is worth the subscrip. THey were kicking bush when no
one else would and seymour hirsch pubs regularly there. These losers have a lot to explain to God some day. That keeps me going.
Printer Friendly | Permalink |  | Top
 
FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 07:39 PM
Response to Original message
5. That's why these folks and their media friends are going to STFU
While Obama repairs the economy, cause they don't know how to suffer....
Printer Friendly | Permalink |  | Top
 
Ian David Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 07:41 PM
Response to Original message
6. Soon, even the rich people will be reduced to eating dogfood...
Printer Friendly | Permalink |  | Top
 
SmileyRose Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 07:46 PM
Response to Reply #6
8. meh
salmon caviar dog food..........

please tell me I've now seen it all.
Printer Friendly | Permalink |  | Top
 
Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 08:06 PM
Response to Reply #6
17. Those orange labels -- Wal-mart?
:evilgrin:
Printer Friendly | Permalink |  | Top
 
Ian David Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 07:29 AM
Response to Reply #17
48. god no. n/t
Printer Friendly | Permalink |  | Top
 
Bake Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 11:49 AM
Response to Reply #6
67. Their dogs eat better than the rest of us do.
Bake
Printer Friendly | Permalink |  | Top
 
kskiska Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 04:36 PM
Response to Reply #67
87. My daughter and I were in Washington Square Park
in Greenwich Village watching the dogs in the dog park section. My daughter commented on how these city dogs are cooped up in apartments. A nearby dogwalker said, "Don't feel sorry for these dogs. They spend their weekends in The Hamptons."
Printer Friendly | Permalink |  | Top
 
knitter4democracy Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 07:44 PM
Response to Original message
7. Yanno, I don't get the purse thing.
My MIL (soon-to-be ex-MIL, heh) talked me into getting a Coach purse a year ago (or maybe two now), and I still feel guilty about it. Everyone knows that my daughter is to inherit it when I pass on, and I use it year-round. Well, until this fall hit, and I realized I needed to go back to my bigger purse to carry around my kids' emergency inhaler and stuff, so I went back to my $30 purse that I love. I baby that dang Coach purse, though, and use it for anything fancy, and it wasn't $6000 dollars. I think I'd die before spending that on a purse. I cannot understand wasting that kind of money on something like a purse. A car, yeah. Purse? No.
Printer Friendly | Permalink |  | Top
 
Irish Girl Donating Member (265 posts) Send PM | Profile | Ignore Sun Dec-07-08 07:53 PM
Response to Reply #7
11. I bought a cute little clutch purse for $6 at K-Mart three years ago..
.. and I still get compliments on that cheap little thing from my 'higher salary' friends whenever I go out! Amazing its still in such great condition too. :-)

Printer Friendly | Permalink |  | Top
 
knitter4democracy Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 08:03 PM
Response to Reply #11
15. See, no one can tell the difference.
I've been thinking that for years--people just see cute or pretty or useful, not the label.
Printer Friendly | Permalink |  | Top
 
Odin2005 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 10:40 PM
Response to Reply #15
33. It's an example of how corporations use psychological manipulation to steal our money.
The Capitalists made conspicuous consumption a mark of social prestige, especially with women. Thorstein Veblen wrote about this over 100 years ago. the $200 designer jeans are objectively no better then the $20 jeans at Target, people are buying the brand in order to show off and enhance their prestige (not consciously of course, but that is the subconscious motive hiding under the conscious rationalization of "it looks nice").

Yet I tell people this and they accuse me of insulting them and accuse me of being a "communist that wants everyone to wear government-issue drab clothes" or similar BS, which goes to show how much the corporate psychological manipulation has worked.
Printer Friendly | Permalink |  | Top
 
leftstreet Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 10:57 PM
Response to Reply #33
36. Veblen's "Theory of the Leisure Class" is online at Google Books
Printer Friendly | Permalink |  | Top
 
Odin2005 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 11:08 PM
Response to Reply #36
39. Thank you!!!
:yourock:
Printer Friendly | Permalink |  | Top
 
Blue_Tires Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 11:06 PM
Response to Reply #33
38. +1
Printer Friendly | Permalink |  | Top
 
knitter4democracy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 02:03 PM
Response to Reply #33
75. Rarely do I find real quality differences.
Sometimes, sure, but I've seen really expensive yarn that's crap and super-expensive jeans that are thin and have errors in seaming. If you look for quality, you can be really surprised where you'll find it and at what price.
Printer Friendly | Permalink |  | Top
 
spinbaby Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 08:03 PM
Response to Reply #7
16. I buy Coach purses all the time
Not the ugly logo ones but the plain leather ones that last forever. There's a local consignment store that regularly sells them for $40 or so, so I can afford several.


Printer Friendly | Permalink |  | Top
 
knitter4democracy Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 08:06 PM
Response to Reply #16
18. That's the kind I got.
It's a gorgeous turquoise leather, and I think the fumes in the store got to me. I'd never spent so much on a purse in my life (even with the return discount I had from returning the one MIL had gotten me that I would never have used). I will say, though, the quality is really good. I have a feeling this purse will outlast me by many years.
Printer Friendly | Permalink |  | Top
 
Medusa Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 08:34 PM
Response to Reply #18
24. TJ Maxx, Ross, Marshalls get them all the time
Edited on Sun Dec-07-08 08:36 PM by Mystery2Me
and for a lot less and sometimes they'll have really top of the line designer stuff as well like Charles David and Cole Hahn. All of the quality, none of the guilt.
Printer Friendly | Permalink |  | Top
 
dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 12:34 PM
Response to Reply #24
69. Oh...THAT's what trickle down economy means..
I always wondered.

So I guess Big Lots is the untimate destination of all that trickle down.

no...wait....dumpsters would be next down.

Econ 101 hurts my widdle brain....:-(
Printer Friendly | Permalink |  | Top
 
knitter4democracy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 02:04 PM
Response to Reply #69
77. I luuuurrrve Big Lots!
I've found the best stuff there. Personally, I like their towels. Cheap, so I'm okay if the kids ruin them, but really soft after a washing.
Printer Friendly | Permalink |  | Top
 
knitter4democracy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 02:03 PM
Response to Reply #24
76. I like to get Born shoes at those places.
Only leather shoes that fit my feet, so I look for where I can afford them.
Printer Friendly | Permalink |  | Top
 
dysfunctional press Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 10:50 PM
Response to Reply #16
34. if they last forever- why do you buy them all the time?
:shrug:

i've had the same wallet for over 15 years.
Printer Friendly | Permalink |  | Top
 
spinbaby Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 09:28 AM
Response to Reply #34
55. To go with different outfits, of course
You must be a guy.
Printer Friendly | Permalink |  | Top
 
CatWoman Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 09:43 AM
Response to Reply #55
59. bwahahahahahaha
tell 'em, Spin!!

:rofl:
Printer Friendly | Permalink |  | Top
 
blondeatlast Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-09-08 12:12 PM
Response to Reply #55
107. Yep!
:thumbsup:
Printer Friendly | Permalink |  | Top
 
blondeatlast Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-09-08 12:11 PM
Response to Reply #16
106. The pre-2000 Coach leather is superb. Once they started plastering their
logo all over things (something they never would have done a decade ago) they've lost quality.

I almost got a 1960's coach Kelly bag but my funds were just a teeny bit short. I will spend my life looking for that same opportunity though. (FWIW, I used to sell Judith Leiber purses--including the jeweled ones, at a boutique, so I know a bit about such things).
Printer Friendly | Permalink |  | Top
 
SeattleGirl Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 02:52 AM
Response to Reply #7
47. I love purses (I guess I have a bit of a purse fetish) but good grief!
$6,000 to $10,000 for ONE PURSE?

Uh, I don't love 'em THAT much!

Printer Friendly | Permalink |  | Top
 
knitter4democracy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 02:05 PM
Response to Reply #47
78. I know! It's crazy!
Ten grand for a purse. A purse! It's going to get dirty (if you use it at all), and it'll go out of style in a week, and that's a huge amount of money!
Printer Friendly | Permalink |  | Top
 
Celebration Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-09-08 08:58 AM
Response to Reply #7
99. Once I got a ridiculously expensive purse for Christmas
Edited on Tue Dec-09-08 08:59 AM by itsjustme
My daughter talked my hubby into spending nearly four hundred bucks for a purse. Of course when I opened it and looked at it, I couldn't tell at all. I wondered why in the world he would want to pick out a purse for me.

I used it for awhile, but once I left it in the grocery cart in the parking lot of the store. I was really used to a shoulder strap and this didn't have a shoulder strap long enough, so I didn't automatically notice when I left it somewhere. Miraculously, I found it when I drove back to look for it.

That was the last day I used that purse. I went to TJMaxx and spent thirty bucks for one that I liked, with a shoulder strap, and a built in wallet on the outside of it. I get a lot of compliments on it from people who have left their wallets places. It is simply impossible for me. I would have to leave my entire purse. And, I don't do that now because of the shoulder strap.
Printer Friendly | Permalink |  | Top
 
knitter4democracy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-09-08 12:02 PM
Response to Reply #99
104. In the winter, I often use my coat as my purse.
My new one doesn't have quite enough pockets, but my old coat was awesome. Pockets everywhere! That way, I could never leave my purse, as it was my coat, too. Makes getting around in the winter a heck of a lot easier up here without messing with a purse, too.
Printer Friendly | Permalink |  | Top
 
notadmblnd Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 07:50 PM
Response to Original message
9. They're the ones that are going to have the hardest time adjusting
most of us can still remember the days of eating Ramen noodles four times a week and can easily adjust to making do with much less. Those new poor rich bastards are going to have a hell of a time making do with less.
Printer Friendly | Permalink |  | Top
 
Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 08:52 PM
Response to Reply #9
26. Well, the high maintenance spouses will have to go
and most of them will go willingly.

The problem with those high fliers is that most of them were fairly young and pretty unsophisticated. My guess is that they've got corporate sized debt on the penthouse, the vacation house, the boat and the cars.

Those are the ones who are going to be on a very steep learning curve. They're the depression baby parents of the future.
Printer Friendly | Permalink |  | Top
 
knitter4democracy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 02:07 PM
Response to Reply #26
79. Apparently, I'm a high-maintenance spouse, so I'm having to go.
*sigh* Wait until he realizes just how low-maintenance I was. I wonder if his new wife will shop at the bakery outlet and Big Lots like I do and constantly look for sales and make as much by hand as I do.
Printer Friendly | Permalink |  | Top
 
Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 03:21 PM
Response to Reply #79
82. My ex had a high maintenance babe as #2
and paid for her third divorce to marry her. She was under 30.

Revenge is sweet.

I think he's now on #4.
Printer Friendly | Permalink |  | Top
 
sarcasmo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 04:40 PM
Response to Reply #79
89. You want me to come down from Grand Rapids and harass him a bit?
Printer Friendly | Permalink |  | Top
 
knitter4democracy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 06:01 PM
Response to Reply #89
91. There are days . . .
I've been indulging in some revenge fantasies lately. They make me feel much better. ;) Still, thanks for offering. :hug:
Printer Friendly | Permalink |  | Top
 
gaspee Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-09-08 06:31 AM
Response to Reply #26
96. Oh how right you are
I was a floor trader of derivatives (options, specifically) for a hedge fund in the 90's - and I was making BANK (that's part of the lingo for loads of money, LOL) -- anyway - one day, I just decided I couldn't do it anymore. There were many factors in the decision, but a lot of it had to do with conscience - and having been raised poor, some guilt, as well. The market is one big giant mass of corruption run by amoral pigs of human beings. Seeing and living it from the inside is an eye opener.

I made an obscene amount of money in an eight year span. When I walked away, the company kept my last bonus because I walked out mid contract and midyear. I got a small salary (10 grand a month) to keep me going, but really lived on my year end bonus (100,000 to 1.6 mil, depending on the year) so in the grand scheme of things, I was very small potatoes.

It was very, very, very painful to learn to live poor again. Those first two years were tough. My dogs got me through it. I was almost but not quite suicidal, but then who would have taken care of my dogs?

When I walked away from my job, I owned two 10th floor condos in downtown San Francisco and a Victorian on Alamo Square - and I sold everything in 1998 because I couldn't pay for any of it - but it was a sellers market. I had to sell fast so I didn't get much profit after commissions from the huge rise in the market in the late 90's, early 00's. I owned a BMW convertible and a Land Rover Defender 90 and a BMW motorcycle. I ate out every night in some of the best restaurants in San Francisco. Every night was a party. I traveled the world... OK - I had a great time until I decided that I was doing something wrong...

I wish I had done it smarter and left with something other than my pride, but I started trading when I was 21 years old (youngest on the floor) raised poor -- I'm talking Head Start and WICK poor - not just working class, but actually poor-- and really didn't know any better. Unsophisticated would be a *polite* way to put it ;)

At that age, I didn't understand *anything* except how to make money trading. I understand a whole hell a lot more about the world now, but I'm broke. That's all right though - I am lot happier poor and able to look myself in the mirror than I was rich and hating myself.

I guess I don't have what it takes to "make it" as defined by our society, but I've learned to live with it.

You have no idea how right you are about what's about to happen to these people. Funny how I don't have much sympathy for them.
Printer Friendly | Permalink |  | Top
 
Doremus Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 07:50 PM
Response to Original message
10. Poor, poor babies. $15 bottles of wine? What's the world coming to? n/t
Printer Friendly | Permalink |  | Top
 
L0oniX Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 08:01 PM
Response to Reply #10
14. When they start drinking Bali Hai, Ripple, Thunderbird or MD then they will know what its coming to.
Now you know I was a hippie.

:evilgrin:
Printer Friendly | Permalink |  | Top
 
notadmblnd Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 09:03 PM
Response to Reply #14
27. Remember Boonsfarm?
Loved the apple.
Printer Friendly | Permalink |  | Top
 
Adsos Letter Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 10:26 PM
Response to Reply #27
29. Strawberry Hill !!! Between that and MD 20/20, I do believe it's the sickest I ever got...
Printer Friendly | Permalink |  | Top
 
dysfunctional press Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 10:52 PM
Response to Reply #29
35. i got sick on maddog once...for years after, even the smell of grape gum made me want to puke.
:puke:
Printer Friendly | Permalink |  | Top
 
asteroid2003QQ47 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 02:49 AM
Response to Reply #29
46. Richards Wild Irish Rose, instant headache in a bottle!
Printer Friendly | Permalink |  | Top
 
sendero Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 08:21 AM
Response to Reply #29
51. Formula 109...
... we called it, it cost $1.09 a bottle at 7-11 :)
Printer Friendly | Permalink |  | Top
 
flygal Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 01:42 PM
Response to Reply #29
73. Md 20/20 Wine coolers in the 2 liter bottles
:toast: Cherry was my favorite!
Printer Friendly | Permalink |  | Top
 
Swamp Rat Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-09-08 06:37 AM
Response to Reply #29
97. Same here. I looked like Regan from the Exorcist.
:puke: :puke:


Printer Friendly | Permalink |  | Top
 
L0oniX Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-09-08 11:31 AM
Response to Reply #97
103. Jeeze ...what a bunch of old hippy winos we have here on DU.
Printer Friendly | Permalink |  | Top
 
Manifestor_of_Light Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 10:28 PM
Response to Reply #27
30. Boone's Farm, yeah.
Strawberry Fields Forever!!!

They stopped making Ripple. Anyone remember Pagan Pink Ripple!!! :rofl:
Printer Friendly | Permalink |  | Top
 
robinlynne Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 11:01 AM
Response to Reply #27
66. oh yeah!!!
Printer Friendly | Permalink |  | Top
 
musette_sf Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 09:40 PM
Response to Reply #14
93. first mention of Bali Hai i've seen in a long time
that used to be the Street Corner Wine of Choice by the Underage in my hood.
Printer Friendly | Permalink |  | Top
 
acmavm Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-09-08 06:51 AM
Response to Reply #14
98. Freakin' Bali Hai. I swam across a lake once while drinking that crap.
Problem is, I can't swim. Well, apparently I can but the ability comes with drinking massive quantities of something that made me so sick I can feel it to this day (and I won't even tell you how many years later this is).

That stuff is like rocket fuel.
Printer Friendly | Permalink |  | Top
 
Skidmore Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 12:51 PM
Response to Reply #10
70. Damn, no wonder I can't find
Livingston Red Rose anywhere now. There goes the mulled wine this season.
Printer Friendly | Permalink |  | Top
 
leftofthedial Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 07:53 PM
Response to Original message
12. most of them are not the "big rich"
they were temporarily, superficially and falsely rich in the service of the actual big rich, who are doing just fine thank you. The real "big rich" will do even better now that they can buy the scraps of our civilization on the cheap.
Printer Friendly | Permalink |  | Top
 
SmileyRose Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 08:21 PM
Response to Reply #12
20. so true
there's a couple at my husband's church - he ran a major Atlanta hospital and she is an aspiring actress with limited success. They have a huge buttnormous house in a gated community, several luxury cars, several huge buttnormous vacation houses and rent huge buttnormous penthouse suites when they travel to places they don't have a vacation house. What they refer to as "the camping shack" was professionally decorated with custom handmade everything. I honestly never have and still don't begrudge them any of it. Not one bit. All that custom everything put me and mine to work.

He 18 months ago he was downsized. The hospital corporation decided to restructure it's management, moved one of his superiors down and moved him out. I know they are having it rough because the wife pulled me aside this morning, told me she knows we have successfully struggled through a tight budget and asked if I could make some time to come over and help her figure out how to figure out her food budget as her husband has had to cut her down to $1500 a month for food for 2-3 people. My inner reaction was an odd mix of being flattered that my skills are valuable to her and being appalled that someone cannot feed 2 adults plus the occasional kid home from college on $1500 a month.
Printer Friendly | Permalink |  | Top
 
notadmblnd Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 09:05 PM
Response to Reply #20
28. I do my shopping on about 30 bucks a week
Of course I buy meat in bulk (the entire cow). Outside of milk bread and eggs. I only buy sale items.
Printer Friendly | Permalink |  | Top
 
Vanje Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 09:30 AM
Response to Reply #20
56. Have her call me
I can teach her how to skin and gut roadkills.
Printer Friendly | Permalink |  | Top
 
ContinentalOp Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 10:31 PM
Response to Reply #12
31. Good point. And this type of article is really useful to make us all think they're hurting too.
To distract us from the fact that some people have just recently made insane, incomprehensible sums of money off of everybody else's misery.
Printer Friendly | Permalink |  | Top
 
Irish Girl Donating Member (265 posts) Send PM | Profile | Ignore Sun Dec-07-08 10:59 PM
Response to Reply #12
37. They're most likely "New Money" and not the "Big Rich" at all
If their wealth is evaporating, it hasn't simply disappeared but rather has been transferred into somebody else's grubby little paws. The tier above them, I'd wager - the true "Big Rich" which we'll never hear about. Not in the mainstream media anyway.
Printer Friendly | Permalink |  | Top
 
CrispyQ Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 10:41 AM
Response to Reply #12
63. "big rich"
"...now that they can buy the scraps of our civilization on the cheap."

Same as it ever was.

I read that some TV shows that are based on rich characters were canceled. With the downturn in the economy, watching shows based on rich people's problems is not entertaining anymore.

Printer Friendly | Permalink |  | Top
 
Ikonoklast Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 07:57 PM
Response to Original message
13. The horror of it all.
As I was relating to Buffy at luncheon today, we must start to economize in every way possible now.

So we stiffed the waiter on his tip.
Printer Friendly | Permalink |  | Top
 
BrklynLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 08:06 PM
Response to Reply #13
19. That is just how they think.
Printer Friendly | Permalink |  | Top
 
RainDog Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 08:26 PM
Response to Reply #13
21. you NAILED IT
that's the way their economic policy operates too.


Printer Friendly | Permalink |  | Top
 
Mari333 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 08:30 PM
Response to Reply #13
22. lolol
Printer Friendly | Permalink |  | Top
 
Vanje Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 09:41 AM
Response to Reply #13
58. Word!
You understand these people!
Printer Friendly | Permalink |  | Top
 
ThoughtCriminal Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 08:34 PM
Response to Original message
25. Pardon me, would you have any Grey Poupon...
for my Freedom Fries?
Printer Friendly | Permalink |  | Top
 
ContinentalOp Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 10:32 PM
Response to Original message
32. Selling the handbags probably would be a really dumb idea.
I mean, what can a $10,000 handbag possibly be worth on the secondhand market? 50 bucks maybe if she's lucky.
Printer Friendly | Permalink |  | Top
 
Silent3 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 11:11 PM
Response to Original message
40. "The culture was that if you didn't spend extravagantly you'd be ridiculed at work"
It's the people who would look down their noses at other people for not joining in on extravagant excess that I'd most like to see brought down low.

According to the myths we supposed to believe about talent, hard work, and financial reward, it would follow that people this rich are particularly insightful about money matters. I think in many cases, however, it's just luck and ruthlessness that put them where they are, and many of them will prove to have been very stupid about planning for their own financial futures. They'll have had more than enough money pass through their hands to have been able to ensure a comfortable existence for the rest of a long life, maybe a few times over, yet they'll have burned through that money with stupid extravagances, and be penniless, or even deeply in debt, when the gravy train ends for them.
Printer Friendly | Permalink |  | Top
 
JHB Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 08:30 AM
Response to Reply #40
52. **BING**BING**BING** We Have A Winnah!
That's exactly who these ding-dongs are. Deregulation freed the ruthless, the gamblers, and the swindlers, and favored looting businesses over building them.

A couple of million in safe investments (which people like this could have done with plenty to spare) will get you an affluent-grade income off the interest alone. But "affluent" wasn't good enough.
Printer Friendly | Permalink |  | Top
 
AwakeAtLast Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 09:33 PM
Response to Reply #40
92. Generally those people "take care of themselves" when reality gets too real
Long dive off a tall building I'd say.

Printer Friendly | Permalink |  | Top
 
arcadian Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 11:12 PM
Response to Original message
41. Where is my pitch fork?
I need to sharpen it. Anybody got any torches?
Printer Friendly | Permalink |  | Top
 
Ishoutandscream2 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 11:20 PM
Response to Reply #41
43. Yeah, I'll get ya some. You got the tar and feathers?
God, I hate these people.
Printer Friendly | Permalink |  | Top
 
Ishoutandscream2 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-07-08 11:19 PM
Response to Original message
42. I'm sorry, but I hate these people
Dubya's base.
Printer Friendly | Permalink |  | Top
 
Citizen Number 9 Donating Member (878 posts) Send PM | Profile | Ignore Mon Dec-08-08 01:06 PM
Response to Reply #42
71. Ahh....the haters speak up.
There aren't enough of these people to be a base for Bush. I got no use for you haters, either Rightie or Leftie.

It would do you good to find out who really does support the GOP. Maybe we would be smarter rather than losing the administration every few years.
Printer Friendly | Permalink |  | Top
 
Ishoutandscream2 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 01:46 PM
Original message
Fine, that is your right. I don't care whether you have no use of me or not
I will continue hating these people as long as I live.

By the way, did you address any of these other folks posting, too? Seems there's not too many here who admire these rich assholes either.
Printer Friendly | Permalink |  | Top
 
Citizen Number 9 Donating Member (878 posts) Send PM | Profile | Ignore Tue Dec-09-08 09:23 AM
Response to Original message
100. You were the one
who chose to use the word hate.

That made it simple.

With all we know about health and whatnot, did you know that hate probably shortens your life?
Printer Friendly | Permalink |  | Top
 
Ishoutandscream2 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-10-08 12:05 AM
Response to Reply #100
109. Denying hate can be unhealthy
Edited on Wed Dec-10-08 12:07 AM by Ishoutandscream2
Hiding your true feelings and keeping them bottled up doesn't do a whole lot of good. I guess by the posts, you can't see the hate that others are displaying. I use "hate" and you pounce. Well, good for you. I will continue to be honest about my feelings. Please don't worry about me.

On edit - I see you did address the rest at the bottom. My apologies.
Printer Friendly | Permalink |  | Top
 
earth mom Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 01:19 AM
Response to Original message
44. Oh cry me a river...
NOT!

:nopity:
Printer Friendly | Permalink |  | Top
 
ima_sinnic Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 01:41 AM
Response to Original message
45.  a-holes.
Printer Friendly | Permalink |  | Top
 
kaiden Donating Member (811 posts) Send PM | Profile | Ignore Mon Dec-08-08 07:53 AM
Response to Original message
49. Here's where I give Peter Coors props.
About 12 years ago, I worked with his daughter in a law firm here in Denver. Now, she's an "heiress" and will someday reap the Coors Beer fortune. But this Coors daughter shopped at consignment stores and could be giddy over buying a "bed-in-a-bag" at Target. She only could have learned that frugality from her parents.
Printer Friendly | Permalink |  | Top
 
bread_and_roses Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 08:32 AM
Response to Reply #49
53. So what? Does that make the Coors family any less the exploitive
right-wing, fascist oligarchs that they are? No.
Printer Friendly | Permalink |  | Top
 
Vanje Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 09:34 AM
Response to Reply #49
57. Dude!
Those bastards have been watering down my beer!
Printer Friendly | Permalink |  | Top
 
stubtoe Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 12:30 PM
Response to Reply #57
68. ..
:rofl:
Printer Friendly | Permalink |  | Top
 
Nye Bevan Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 03:49 PM
Response to Reply #57
84. Well yes, they have
but with *Rocky Mountain Spring Water*!
Printer Friendly | Permalink |  | Top
 
Wednesdays Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 09:51 AM
Response to Reply #49
60. Wow, she bought a bed-in-a-bag at Target!
That means Peter Coors is a man of the people! :eyes:
Printer Friendly | Permalink |  | Top
 
Vanje Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 10:03 AM
Response to Reply #60
61. Those Damn Coorses!
They always get to the best dumpsters in town first. They dont leave anything else for us regular divers!

One time I was driving. In the Rockies, ya know. I saw a fresh roadkill on the road shoulder just ahead, I think it was a marmot ( good for shishKaBob!). All of a sudden a Goddam Lexus pulls over and scoops that fat squirrel before I get there.
Damn it!

Printer Friendly | Permalink |  | Top
 
SammyWinstonJack Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 10:41 AM
Response to Reply #60
64. .
:evilgrin:
Printer Friendly | Permalink |  | Top
 
kaiden Donating Member (811 posts) Send PM | Profile | Ignore Mon Dec-08-08 02:39 PM
Response to Reply #60
81. Please. I never suggested that.
The Coors family funded the Heritage Foundation. All I said was that one of the daughters did not flaunt her vast fortune and was, in fact, as frugal as the rest of us peons.
Printer Friendly | Permalink |  | Top
 
lonestarnot Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 08:15 AM
Response to Original message
50. Slugs have better thinking processes than these grasshopper looking shells.
Printer Friendly | Permalink |  | Top
 
JackRiddler Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 09:22 AM
Response to Original message
54. Sob stories supposed to avoid the guillotine.
Printer Friendly | Permalink |  | Top
 
Gman2 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 10:34 AM
Response to Original message
62. We're all in the TRANCHES now.
The truly rich saw this coming a mile wide. Bush was their scavenger. He was the guy that breaks up the co. and sells off the parts, after a hostile takeover. Mitt Romney's resume makes him an expert at that. Funny that. Maybe not.
Printer Friendly | Permalink |  | Top
 
robinlynne Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 11:00 AM
Response to Original message
65. unbelievable!
so one of those bags could house a homeless person for around a year? Gee, let's maintain the tax cuts for another 3 years till they run out....
Printer Friendly | Permalink |  | Top
 
ProfessorPlum Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 01:26 PM
Response to Original message
72. This article has it exactly wrong
The Big Rich are not going to suffer - much - because of what is happening. Instead, the suffering will be from the middle class and the lower class. "the Big Rich" haven't been denied one thing, and they will continue to get everything they wish for. While the surveillance, military, penitentiary, and police forces of this country are used to keep the rest of us down.

the plan has always been to turn the US into a third world country . . . we are just one more step away. .
Printer Friendly | Permalink |  | Top
 
Selatius Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 01:46 PM
Response to Original message
74. A solid billionaire wouldn't be cutting back. These people aren't billionaires.
They're ants trying to be financial gods.
Printer Friendly | Permalink |  | Top
 
newtothegame Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 02:34 PM
Response to Original message
80. This sounds a little too dramatic to be true...
but interesting read nonetheless.
Printer Friendly | Permalink |  | Top
 
knitter4democracy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-09-08 12:05 PM
Response to Reply #80
105. Nah, I believe it.
My soon-to-be-ex-brother-in-law (how's that for a mouthful!) used to be a tax lawyer in Manhattan for mortgage-backed securities (seriously--he thinks he's responsible for about 10% of the crash just himself), and they spend a fortune on their clothes and their daughter's clothes. They got their toddler daughter $80 jeans! I about fainted when I heard. Three thousand dollars on one pair of shoes, and I have no idea the fortune they spent on his suits.
Printer Friendly | Permalink |  | Top
 
Starbucks Anarchist Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 03:59 PM
Response to Original message
85. I'd play a tiny violin for them, but a middle finger is much cheaper.
Edited on Mon Dec-08-08 04:03 PM by Starbucks Anarchist
Printer Friendly | Permalink |  | Top
 
sarcasmo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 04:38 PM
Response to Original message
88. These Greedy Pigs do not deserve the lifestyle they live.
Printer Friendly | Permalink |  | Top
 
ailsagirl Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 05:50 PM
Response to Original message
90. That's so sad
:nopity::nopity::nopity::nopity::nopity::nopity:
Printer Friendly | Permalink |  | Top
 
Skittles Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 10:06 PM
Response to Original message
94. these folk can fuck themselves
they were expected to waste money because all their friends do? That is pathetic.
Printer Friendly | Permalink |  | Top
 
Fire1 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 11:00 PM
Response to Original message
95. Good show!
Printer Friendly | Permalink |  | Top
 
Citizen Number 9 Donating Member (878 posts) Send PM | Profile | Ignore Tue Dec-09-08 09:32 AM
Response to Original message
101. I gotta say
you'se guys are every bit as good at hating as the horrid little Righties are.

I keep looking for some sort of basic difference, but threads like this simply confirm that people are just....people.
Printer Friendly | Permalink |  | Top
 
Vanje Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-09-08 10:20 AM
Response to Reply #101
102. Hate?
Edited on Tue Dec-09-08 10:27 AM by sheeptramp
No. I loves me some rich.
The rich are better than me. Clearly.
They deserve more of earth's resources than I do, because their forefathers wrested it from my forefathers hands.

You can tell they're better because their tastes are more refined. They throw away food that I would eat greedily, and coarsely.
God face shines favorably upon them . His grace descends upon the rich in the form of magnificent cars. Magnificent cars with great appetite for oil. God has seen fit to send poor American boys and girls to oil-rich foreign lands to fight and sometimes die , so that His blessed rich can maintain their blessed comforts, and feed their magnificent cars.

I love the rich so much, that even though I cant afford to go to the dentist,and cant afford to re-shingle my leaky roof AND eat, ...... I am Stuporous with delight that $25,000.00 of my future earnings has been appropriated unto the richest of the richest, by their friends and collegues, so that they can continue to evict my neighbors from their homes.

The rich are better than you or me.





Printer Friendly | Permalink |  | Top
 
blondeatlast Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-09-08 12:21 PM
Response to Reply #101
108. So what's yer problem with it? "People are just... people."
You gotta a problem wi'dat?

Because I don't, quite frankly.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Fri Apr 19th 2024, 02:10 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC