: NJ, NY, CT Want Finance Industry Employee Bailout!

NJ, NY, CT Want Finance Industry Employee Bailout!

Where Does It End? (My Rant!)

First we bailout financial institutions, the auto makers see a good thing and want to jump on the gravy train…Now the Governors of New Jersey, New York and Connecticut want the feds to bail out thousands of financial industry workers who are loosing their jobs!

Fishing for $ (sxc)

 This is incredible!

The three Governors have asked for $48 million in emergency grants, allowing states to give each laid off worker $12,500 to help them find jobs and relocate. Pardon me, but what are these guys smoking?

In a letter to the US Labor Secretary, Governors Corzine (NJ), Rell (CT) and Paterson (NY), said “The federal government acted swiftly to implement strategies to stabilize financial institutions; now it is to act together to support the workers dislocated from those institutions.”

You've got to read this!

Where do I buy a ticket for a ride on this train?

ticket (sxc)

Keller Williams

Atlantic Shore

Laura Giannotta

609-384-6121

Waretown Homes, Barnegat Homes, Manahawkin Homes, Eagleswood Homes, Long Beach Island Homes, Little Egg Harbor Homes, Tuckerton Homes and homes in northern Atlantic County!

www.JerseyShoreViews.com

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Comment balloon 20 commentsLaura Giannotta • November 20 2008 08:48AM

Comments

Sign me up!  I could use a 12k check, just in time for christmas! 

PS: where are you today? I need to give you a call about Teddy

Posted by Robert Rauf (HomeBridge Financial Services (NJ)) almost 10 years ago

Just make sure that they fly the companies personal jet when the go asking for the bailout.

Posted by Steven Wright, CRS - Home Real Estate - 720-989-5283 (Home Real Estate) almost 10 years ago

Rob Yea man, I'm up for free money!

Steven This my Governor asking for the money, so however he asks for the money, I'll be footing the bill for the transporation!  LOL

Posted by Laura Giannotta, Your Realtor Down the Shore! (Keller Williams Realty - Atlantic Shore ) almost 10 years ago

Once you dangle money in someones face, everybody wants you to buy them a crutch too.

Posted by JL Boney, III, Columbia, SC Real Estate (Coldwell Banker) almost 10 years ago

Oh, good. Everybody wants to be bailed out now. It is easy money and who not getting it? That is exactly the message that Paulson wants to pass. What a wonderful world.

Posted by real estate real estate almost 10 years ago

Hey Laura ... I was ranting to my husband about the $12,500 this morning.  Funny you should mention it!  Losing ones job is a dreadful event, but it has and is happening to Americans in many industries.  I just do not get this one!  Am I missing something!

Posted by Marie Meyer, Orange County New York Realtor (Keller Williams Realty) almost 10 years ago

We are quickly becoming a nation of people who do not know how to survive.  We are appearing weaker and weaker to the entire world!

Posted by William Feela, Realtor, Whispering Pines Realty 651-674-5999 No. (WHISPERING PINES REALTY) almost 10 years ago

Huiting Me too, Me too!

Marie You're not missing anything, get your ticket for the gravy train!

William I heartily agree! 

Posted by Laura Giannotta, Your Realtor Down the Shore! (Keller Williams Realty - Atlantic Shore ) almost 10 years ago

Sadly, I read that post and my heart does go out to all of us who will be laid off. Do you actually think we all will find jobs in this immediate area when everyone else is laying off?

Instead of giving us money, I would like to see a way that we can use resources at a government site, say the Unemployment Centers to be able to fax resumes out and see if there are jobs opened someplace for us.

Some of us will be too proud to accept handouts, but I will take my unemployment until I am earning a salary once again. I put into it for years, once in my life, I will take back.

I walked into my local bank today to see the job openings and was told, only teller positions are available, all the mortgage folks have taken the rest of the positions.

 

Posted by Nancy Larson (I am a licensed referral agent in NJ) almost 10 years ago

Hi Laura,

Oh, you hit the nerve...I commented on the subjust yesterday and at the end I had concluded my reply was a rant rather then comment.

Posted by Harold "Hal" Place (A1 Connection Realty, Inc.) almost 10 years ago

JL  Sure seems that way! (missed you before!)

 Nancy Why should a certain industry get more than another?

Hal It seems that were heading for a very scary change!

Posted by Laura Giannotta, Your Realtor Down the Shore! (Keller Williams Realty - Atlantic Shore ) almost 10 years ago

Has so many jobs been lost in NY, NJ and Ct at the same time. The number I believe was 8,000.

Not asking for the money, asking for the resources. I feel any person who was displaced should have the right for that...never was, this is my first time and I was just saying how I felt.

Posted by Nancy Larson (I am a licensed referral agent in NJ) almost 10 years ago

The NY, NJ, CT Governors estimate 82,000 jobs will be lost in the NY metro area.  This estimate is for what they call " financial services industry" employees (Wall Street included).  You can see more if you check the link in the story.

My thoughts are why should these employees be entitled to more than say a construction worker who, we will all admit, has been hard hit by the nation's economic problems. 

Thanks Nance!

Laura G

Posted by Laura Giannotta, Your Realtor Down the Shore! (Keller Williams Realty - Atlantic Shore ) almost 10 years ago

Laura,

I saw you were on AR, and clicked your profile photo to investigate your blog.  Little Egg Harbor!  My wife's parents live on Bulltown Road, near Green Bank, so yours is "a blog from home."

Good rant!  I'm in total agreement.  This bailout stuff is nonsense.  Let the cream rise to the top.  Let the chips fall where they may, and we'll get out of this morass.

Mike in Tucson

Posted by Mike Jones, Mike Jones NMLS 223495 (SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) ) almost 10 years ago

Well Howdy, neighbor! Thanks Mike, it seems we're moving away from self sufficiency and more toward a gimme mentality!

Posted by Laura Giannotta, Your Realtor Down the Shore! (Keller Williams Realty - Atlantic Shore ) almost 10 years ago

Howdy, yourself!  Don't you just love the serendipity of Active Rain?!

Posted by Mike Jones, Mike Jones NMLS 223495 (SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) ) almost 10 years ago

Mike...serendipity is a word to live by!!!  Nice to me you!

Posted by Laura Giannotta, Your Realtor Down the Shore! (Keller Williams Realty - Atlantic Shore ) almost 10 years ago

wow!   ya, I wish someone would bail me out, lol.     Happy Thanksgiving Laura :)

Posted by Kara Casamassina, Boomers and beyond (International Property Management Group, LLC) almost 10 years ago

82,000, what's another 0 .....just joking on that one. My God, this is worse than I had imagined. But Laura, you are right, it should be for one group, it should be opened to anyone who leaves the metropolitan area for a job elsewhere....not someone with their hands out.

I asked a few of my friends in that financial situation and they said, they would gladly relocate with help, and they might have to move in with family until they can find a job.

Posted by Nancy Larson (I am a licensed referral agent in NJ) almost 10 years ago

Nance The problem with people leaving the metro area is that we loose their taxes, creating a larger burden on those remaining!  It's a tough situation!

Laura G

Posted by Laura Giannotta, Your Realtor Down the Shore! (Keller Williams Realty - Atlantic Shore ) almost 10 years ago

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