I was working at the Wall Street law firm that represented Lehman Brothers when they collapsed. It happened very fast, and it was very ugly. This feels like it did the night before. - ThreadSky

ecmclaughlin.bsky.social • 34 days ago

I was working at the Wall Street law firm that represented Lehman Brothers when they collapsed.

It happened very fast, and it was very ugly.

This feels like it did the night before.

Comments

starlightshelling.bsky.social•34 days ago

This is why I checked out for months after 11/5/24

1000islandlake.bsky.social•34 days ago

💔😔

ltmitchell.bsky.social•34 days ago

Except it’s the whole country.

kayoblue123.bsky.social•34 days ago

Yep. Sick to my stomach. Glad we diversified a bit. Wish we had pulled more out. Guess we have to ride it out now. FUCK!!!!

meganbearce.bsky.social•34 days ago

Same

gingergem.bsky.social•34 days ago

I'd like to run a revolution. Is mercy what is shown to the poor? An old woman loses her home crying nowhere to go. And foreclosure king gets to have his name on our money. The hatred I feel for the wealthy is palatable. I'd like to use white male hatred & direct it in the correct direction.

solarpons83.bsky.social•34 days ago

Mix emotions on this!!! in my heart, I would hate to see all the people who would be injured by this action but my brain says if it can help tame the stable genius then let it happen

dpsl.bsky.social•34 days ago

A brooding sense of doom?

blucowdawg.bsky.social•34 days ago

…now can’t even get short enough…

schmootles.bsky.social•33 days ago

Jeez.

sperplexitas.bsky.social•34 days ago

A bank run is very scary. Some politicians are arsonist. I still remember how the "frugals/stingy" (Merkel, Rutte, Stubb & Co) dealt with the Euro so called "financial" crisis. I keep thinking they were seeking to sink the Mediterranean banks to take a huge profit.

wjc1542.bsky.social•34 days ago

Right now, the A/P market news is ugly, very ugly. Day drinking anyone?

brentakramer.bsky.social•34 days ago

How so?

nibblitscorn.bsky.social•34 days ago

I’m anxious for your live tomorrow. This is going ALOT quicker than I thought it would.

azeke57.bsky.social•34 days ago

I had a small pratcice and sold the business in 2008. I remember that day and our money market that we cleared in broke the buck. The difference between now and then is Ornage man can stop this. In 2008 it was too far gone and corrupt to stop the crash.

vernoncrandall.bsky.social•34 days ago

The difference is that it’s the Republican administration causing it. They aren’t doing anything to protect the economy.

thebestwords.bsky.social•34 days ago

They are arsonists.

vernoncrandall.bsky.social•34 days ago

Completely. I’m struggling with the feeling of dread tonight.

thebestwords.bsky.social•34 days ago

Same. The carnage last week was devastating. Folks lost 30-40% of their nest egg.

aileenann.bsky.social•34 days ago

My brother was working for Bear Stearns at that time ... such a scary time

youngbloods.bsky.social•33 days ago

If you haven’t heard of the Network State, a Curtis Yarvin conception, you should investigate. JD Vance has mentioned him in some speeches. Peter Thiel follows him. It sounds way out there, like QAnon is out there, but it follows what is happening now.
Billionaires want to rule in a feudal state.

spaceprez.bsky.social•34 days ago

People just don't realize how bad its gonna get

neil-1936.bsky.social•34 days ago

Tesla this time?

whatthe21.bsky.social•34 days ago

One can hope. I feel sorry for the employees, of course.

scdanis.bsky.social•34 days ago

I was working at a Government agency in DC in 2012, when the Tea Party forced an instant 30% cut across all agencies. Lost my job along with tens of thousands of folks who worked for the gov't--doing great work. This feels like then. If only they understood the trauma inflicted on those good workers

kalonicamcq.bsky.social•34 days ago

A few hours ago I heard from my mom that my brother, a financial advisor was facilitating many stock purchases to give his clients an advantage via the low prices.

Anecdotal, but what does that portend?

cathydeutsch.bsky.social•34 days ago

I’m afraid to
Go to sleep. Waking up will be devastating.

sarcasmrules.bsky.social•34 days ago

The poor guy that is trying to sell me astroturf. I really want to buy it but don't want to regret spending the money when I have NO IDEA what is happening with the economy. I know he needs desperately the sale/work 🤒

resistanceishope.bsky.social•34 days ago

I don’t want to panic but I also want to be prepared. If you don’t have stocks—what should you expect? Riots? Looting? How bad will this get, how quickly?

thegreygoose.bsky.social•34 days ago

It won’t be tomorrow. For those of us without stocks… we’re going to face extreme inflation in the next few weeks. The riots and looting will mostly happen at the big stores. We’re in a class war… unless you’re living in a mansion on a hill, you’re probably safe. Given the no stocks, prob no mansion

thegreygoose.bsky.social•34 days ago

Think back to the lockdown of Covid. Make your own sourdough, get some rice and beans, grow a garden, make friends with neighbors. You’ll be okay.

chicks126.bsky.social•34 days ago

Ugh

margiem.bsky.social•33 days ago

I was a mortgage banker. I worked with all of the financial guys upstairs. They came out of their offices grey with their hands over their faces shaking their heads in disbelief.

dood78.bsky.social•34 days ago

Unfortunately it will only get worse, until Trump and his band of incompetent stooges are gone. Buckle up folks and protect yourselves!

hiptrigger.bsky.social•34 days ago

Yes!

Black Monday redux…

Martial Law two weeks from tonight.

thebestwords.bsky.social•34 days ago

That’s likely the hope on the part of the Administration.

purplelady47.bsky.social•34 days ago

Are we going to have a Black Monday

purplelady47.bsky.social•32 days ago

Thought so. He just keeps us dangling. A true torturing space to live in.

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