Bonus Withdrawal Puts Bankers in "Malaise"

[JonLP24]

Andrew Schiff was sitting in a traffic jam in California this month after giving a speech at an investment conference about gold. He turned off the satellite radio, got out of the car and screamed a profanity.

"I'm not Zen at all, and when I'm freaking out about the situation, where I'm stuck like a rat in a trap on a highway with no way to get out, it's very hard," Schiff, director of marketing for broker-dealer Euro Pacific Capital Inc., said in an interview.

Schiff, 46, is facing another kind of jam this year: Paid a lower bonus, he said the $350,000 he earns, enough to put him in the country's top 1 percent by income, doesn't cover his family's private-school tuition, a Kent, Connecticut, summer rental and the upgrade they would like from their 1,200-square- foot Brooklyn duplex.

"I feel stuck," Schiff said. "The New York that I wanted to have is still just beyond my reach."

http://finance.yahoo.com/news/bonus-withdrawal-puts-bankers-malaise-050100338.html

[rfranklin]

1. The palace in Versailles I wanted is just beyond my reach...

do you see me whining?

[elleng]

2. That's life; happens to everyone;

now he knows, and we know he knows, that he's not different. We all overreach; part of being human.

[dixiegrrrrl]

3. He lives in only 1200 sq feet duplex?

Hard to tell if they live in it or if it is another one of his houses.
Guess he will have to give up some Grey Poupon or something.

[wandy]

4. Think carefully now. Doesn't this make the case for eliminating public schools and

going to a voucher backed privet school system.
"doesn't cover his family's private-school tuition"
I bet that $1000.00 voucher per student would make all the difference in the world to poor Mr. Schiff.

[Spider Jerusalem]

5. Ahahahahahahaha.

There's nothing quite like schadenfreude.

Best part, left out of the article? The company he works for is owned by his brother: http://en.wikipedia.org/wiki/Peter_Schiff

Oh, and his dad is serving 13 years in federal prison for tax evasion. http://en.wikipedia.org/wiki/Irwin_Schiff