Made redundent

B

Blue_UK

Drifting Mind
Valued Senior Member
I'm almost certainly going to lose my job tomorrow, along with 60% of the other people in my department. Why couldn't you Americans get it sorted with the whole sub-prime mortgage problem!

I guess I'll have more time to travel now - maybe I'll teach English in some far away country.
 
Blue_UK said:
I'm almost certainly going to lose my job tomorrow, along with 60% of the other people in my department. Why couldn't you Americans get it sorted with the whole sub-prime mortgage problem!

I guess I'll have more time to travel now - maybe I'll teach English in some far away country.
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hey Blue Uk

you may not be made redundant, how do you know for certain??
 
Blue_UK said:
I'm almost certainly going to lose my job tomorrow, along with 60% of the other people in my department. Why couldn't you Americans get it sorted with the whole sub-prime mortgage problem!

I guess I'll have more time to travel now - maybe I'll teach English in some far away country.
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Your companies bought them thinking that they were going to make allot of money from them at first. Why didn't your own companies verify who were the people and their incomes that were paying off those mortgages before you even bought them?
 
cosmictraveler said:
Your companies bought them thinking that they were going to make allot of money from them at first. Why didn't your own companies verify who were the people and their incomes that were paying off those mortgages before you even bought them?
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I don't think it would of been Blue's position to check. Otherwise he would of had a look round the states if he was given the opportunity. I noticed on a Visit over to one of the Southern states that because of the space they had available, should their house need refurbishment and it's timbers rotting, they'll just build a new one a couple of hundred feet away and leave the old one to rot.

It was interesting to see these old dilapidated buildings return to land, although in some causes there might be someone sat on their front porch in a rocking chair of the building thought at a distance to be abandoned.

I guess the problem with "External Financiers" is it all looks great on paper, much like a bunch of other things like Socialism, Anarchy and Nudist Colonisation.

(You company didn't try the latter did they Blue?)

Anyway I'm sure you'll be busy with pumping your CV out to a bunch of nearby Companies (~Points over at the Science Park~) I know however if you are still where you said you were previously you are going to be going against all the students that are going to be after part time jobs. You know what most people do in that area? They come up with an idea or create their own companies based on what they know, I'm not of course suggesting you should (although if you are still under 30 you can look at Grants from places like the Princes Trust) but it's food for thought.

Good Luck with what ever you decide anyway.
 
Where was I? Yes, quick follow up, I hate to leave a story hanging: they did make me and nearly everyone else redundant, but I was only unemployed for three months before changing industry and eventually becoming a software dev, getting married, and looking back it was the best thing that's ever happened to me.
 
Blue_UK said:
Where was I? Yes, quick follow up, I hate to leave a story hanging: they did make me and nearly everyone else redundant, but I was only unemployed for three months before changing industry and eventually becoming a software dev, getting married, and looking back it was the best thing that's ever happened to me.
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Good deal. Glad it worked out for you!
 
Blue_UK said:
I guess I'll have more time to travel now - maybe I'll teach English in some far away country.
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I worked with a guy who pretty much traveled the world teaching English. It didn't make him rich, but he's been nearly everywhere: Europe and Asia.
 
Blue_UK said:
Why couldn't you Americans get it sorted with the whole sub-prime mortgage problem!
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I was working with a consulting firm that just happened to have a contract with the Comptroller of the Currency at that time. He sent out a memo to all employees, apologizing.

His primary responsibility is to make sure that American banks are on sound financial footing, and to this end he has an army of bank examiners who work for him, methodically investigating every bank at regular intervals.

What shocked me is that not one of these examiners stopped to consider the obvious fact that if banks sell mortgages to people who will never be able to pay them back, the banks themselves will go bankrupt. But even more amazing is the fact that the Comptroller of the Currency himself didn't step in and issue an order!

Clearly he simply was not doing his job. Another incompetent administrator appointed by Backward Baby Bush!

If you thought that the only international catastrophe he caused was undoing what little stability the Middle East had (by destroying Iraq, the only secular, pro-Western government in the entire region), you don't understand just how bad Bush was... for the USA and the entire world! We'll be dealing with the aftermath of his blunders for decades.
 
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