Money-Hungry Pigs In California
The LA Daily News reports from California. “The subprime home-loan rush is history. But its impact on the state’s work force is just beginning to play out as tens of thousands of real estate, finance and construction workers are left looking for work after a number of heady years. A year ago, Ed Stush, a former senior VP at a Fieldstone Mortgage office in Irvine, was earning six figures and enjoying the perks of senior management in an industry that seemingly had no growth ceiling.”
“Today, his former employer has filed for bankruptcy protection, and his income is zero. He can’t even get an interview for jobs paying less than half of what he used to make.”
“‘It’s unjust. If you were in the mortgage industry for a long time … employers think you’re used to making so much money that you’re not going to take $50,000 or $70,000 a year. … […]
Original post by Ben Jones
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