Unemployed in Summertime…

Posted on September 15, 2008

Understatement of the moment: It’s been one heck of a weekend.

In case you’ve been living under a rock (or haven’t been checking Bloomberg/CNBC every fifteen minutes like I have), you’ll probably recall that the last two days have been a bloodbath for Wall Street – Lehman Brothers filed Chapter 11 Bankruptcy, Merrill Lynch was sold for $50bn to Bank of America, and insurance giant AIG is on the rocks.

Which means, for the moment, that I am out of a job.

Oh, this isn’t to say that none of us saw this coming. Last Friday, my co-workers and I joked about whether or not we should even bother coming into the office on Monday. But in retrospect, most of us were expecting some deal to be reached over the weekend, at the great Wall Street powwow led by the Fed and the CEOs of the financial giants. With the Fed unwilling to guarantee assets, nobody dared strike a deal. So things didn’t work out as expected.

Which begs the question – where do I go from here?

At least I won’t starve. Unlike many American households, I’ve actually managed to squirrel away something for a rainy day. Still, there remains the issue of health insurance – like so many uninsured Americans, if I get seriously ill or injured, my financial life and credit are pretty much done for. Another incentive to stay healthy!

These are just a few things I’m mulling over, sitting at my cube for probably the very last time. You know, losing a job is like going through a break-up – even if it was a pain in the rear sometimes, losing that stability and routine still stings. Plus, it forces me to rethink the future, which I thought I had pinned down for the next few years.

We’ll see what happens. My mood at the moment? Cautiously optimistic  🙂

» Filed Under Work

Comments

2 Responses to “Unemployed in Summertime…”

  1. Work/Life Weighed in the Balance | Roving Hearts on October 3rd, 2008 10:24 am

    […] and stories from the past year. What did I tell her? Two weeks after the bankruptcy, I’ve gotten pretty good at narrating the […]

  2. Where's My Bailout? | Roving Hearts on November 3rd, 2008 11:04 am

    […] quite the term to describe it. The economy was already heading south, but it wasn’t until the bankruptcy of Lehman Brothers that things really started going bad. Of course, working families and homeowners are among the […]

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