The yacht is usually the first to go. Then the Jag and the vacation homes. But don’t think the Wall Street titans are facing a soup line like many Americans. Not yet, anyway.
Their accumulation of wealth has been astonishing. In 1982, it took about $159 million to make the Forbes 400 list. Entry price today is $1.3 billion.
What did the greedy bastards do with the money? They put on a never-ending party. Last year the head of a private investment firm spent $5 million hosting his own 6oth birthday party. The excesses are unbelievable. Click here to read more.
Showy oceanfront homes are on the block. Does $32 million sound like a bargain to you?
Brokers like it hot, and just months ago they were spending $50,000 – even $100,000 – in high end strip clubs. If they liked the performer, tips ranged from a $10,000 line of credit at Bloomingdales to a pair of $125,000 earrings. Guess what? The big money guys are still going to the NYC strip joints.
If more voters only knew …
This just in: a 12-ounce bag of Lay’s Potato Chips costs $7.39; a 20-ounce bag of Cheerios, $8.29; and a 19-ounce of Progresso beef barley soup, $4.29. That’s in Akiachak, Alaska.
Not here. Not yet.