1.1. So this is it, the inaugural post of CBDBoy. Who am I? Well I’m certainly not going to tell you, but I will document my life working in a bank. Having returned from London three weeks ago, life has been a series of eating, sleeping and taking calls from recruitment firms. This is not the best of times, but it is not the worst of times yet. Three days after I returned, Lehman Brothers went into liquidation, Merrill Lynch was bought by BoA and AIG had to be bailed out.
1.2. Ah but despite the reports of job losses, investment bankers are still alive. UBS was still able to hold a private party at the Ivy, so clearly the people out on the street are a lot of middle office and back office staff. The excess and opulence still continues. Sure, the old portfolio takes a 20-30% hit, but when you have a net worth of over a million, you won’t die – the poor suckers who bought into the here and now to taste the tip of your life will. Bankers still saunter around with the laissez faire of Marie Antoinette. If people are too poor to buy bread, “let them eat cake”. Don’t lose your head now.
1.3. There has been a constant indulgence of satay from the Singapore Cricket Club but I do miss the fresh oysters and newly-baked bread from the Cramer Street Market on Sundays.
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