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Enraged by the bailout? The several thousand dollar brunch is on us!
In the Times this weekend, Katherine Bindley did an article on the young and rich who spend several thousand dollars on Saturday brunch here in Manhattan:
"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."
Maddening enough, but she saves the best line for last:
"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."
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There's something happening here and I do not know what it is. It is like, there is no fear on Wall Street.
29 year olds may be facing a reality they did not predict. Who knows?
March 16, 2009 3:40 PM | Reply | Permalink
Citi, up 127% in five days; Bank of America up 95% over the same time period.
What's to worry when Barack is on your side?
March 16, 2009 4:01 PM | Reply | Permalink
While I understand your anger, it is the government's duty to protect the brunch industry.
After all, if brunch falls, tea-time is next, followed by happy hour and late night munchy time. Then we're looking at a serious possibility that the Big Three -- breakfast, lunch, and dinner -- might fail as well.
March 16, 2009 5:07 PM | Reply | Permalink
In other words, what they are saying, until you stop us we will continue.
March 17, 2009 1:30 AM | Reply | Permalink