Here is the money quote from Times of India:
However, Lehman Brothers seems to be continuing with its hiring activities, as it has posted at least four new job vacancies for the US after its bankruptcy filing. These vacancies are for positions like Investor Accounting Specialist, Foreclosure Specialist and Default Supervisor, and they seem to have been posted on the bank's website a day after the bankruptcy filing or later.
In addition, Lehman Brothers has over a dozen recruitment events lined up across the world through September, October and November.
The interested candidates, if any, can register for these recruiting events and presentations in the career section of Lehman's website.
"These events are intended for those who are applying for early years programmes, internships or first year Full Time Analyst/Associate programme hires," it says on its website.
One such event, "Equities and Fixed Income PhD Recruiting Presentation", is scheduled for as early as September 23 in Massachusetts and is for Harvard and MIT students in their penultimate or final year of their PhD programme.
The way that Paulson and Bernanke are talking to Congress and trying to scare up votes for this $700 Billion "Great Wall Street Swindle" as CBC has called it (see http://www.cbc.ca/... for more on the CBC story), you would think that the sky is falling and that we are about to enter the next Great Depression. I kind of believe that that will end up happening (especially if they do end up passing a $700 Billion bill to help out these Wall Street criminals), in part because I think bailing out these fraudsters will only result in hyperinflation and devaluation of our currency to the point where we will have very high inflation as well as very high unemployment (a recipe for financial disaster).
You see, I do not believe that our current corrupt politicians in government are really going to be able to solve the problems that they created. For example, Paulson (who has ties about a mile wide and a mile deep with Wall Street and was former CEO of Goldman Sachs) will probably be going back to Goldman or another Wall Street company after his tenure with the Bush Administration is over, but the Bush proposal says that he should be single-handedly in charge of doling out the $700 billion. And the fraudsters at the investment banks (who basically engaged in a multi-tiered ponzi scheme and now want to be bailed out) are so-o-o-o worried about the crisis that they are firing...I mean hiring...staff. Huh? Did I miss something? Since when do you recruit staff actively when you anticipate a grave economic climate. The answer is you don't, and the Wall Street banks don't see a grave economic climate...with the bailout, they will have happy days once again (while the rest of us pions - I mean taxpayers - pay for their mistakes).
And Wall Street is once again betting (probably rightly) that they will have their non-performing assets (read: crap) bought up for a boatload of money by the suckers (I mean government...a.k.a. the taxpayers).
I mean, if companies like Lehman are really about to face an unparalleled crisis and are worried about their future existence as a company, then why are they - one of the chief architects of this "Great Wall Street Swindle" - actively hiring (i.e. planning on incurring additional expenses). That makes no sense. The truth of the matter is that they don't want to take more losses so they are going to daddy Paulson and asking for a bailout (that they definitely do not deserve and probably do not even need).
IMHO, we the taxpayers and our Congressmen need to respond with a resounding "No" to the bailout. But if we do bail them out, at least part of it should be treated as a loan with an equity interest in the companies such that we, the tax payers, get some upside potential on this bailout too. And their focus on hiring staff should be part of the current Congressional debate (Paulson and Bernanke should have to answer why they need a bailout if these same companies seeking bailout money have enough money to actively recruit new employees right now).
Anyway, I think this should be used as additional evidence that these Wall Street firms are not struggling as much as they claim that they are...the fact that Lehman Brothers is actively hiring now proves that to me at least. What do you think?
And, just as an FYI, you might want to check out Evri for more interesting finds. Evri, which is located at http://www.evri.com, allows you to find interesting info on people like Obama and McCain (e.g. who endorses them and what is going in the race). It also can get you to better understand the connections between various entities like Lehman Brothers, Paulson, and Bernanke.
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