January 2009

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Ladies take heed.  Your FBF is not having a good day.  The GDP has fallen the most since 1982.  Former stalwarts, MS and GS are expected to announce more lay-offs.  The final kick in the junk: the life line your Republican FBF was begrudgingly going to accept from President Obama in the form of a “bad bank” policy looks to be getting yanked away.  Tonight is not the night to make a fuss when your plans to spend the evening with your FBF in some exposed-brick-candlelight wine bar gets alt tabbed for an apartment party in the LES with Bankers Club or Three Olives vodka.  Just let your FBF blackout how and wherever he pleases tonight.

 

FYI - Although the GDP fell the most since the days when Drew Barrymore was gracing the big screen in E.T., it did beat expectations due to “unintentional stockpiling.”  What’s that you ask?  It means stores purchased more products than they could sell to consumers.  Yep, you know what that means DABA Girls, SALES GALORE!

 

-Brought to you be Anonymous Finance Guy and (occasional) DABA Girl sympathizer

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To quote a friend’s recent observation on my situation: “Getting laid is awesome. Getting off is awesome. Getting laid off? Not so much. They should change the name and call it something else. Like maybe ‘punched in the genitals’… that would be a good name.” As upset as I was about getting laid off last week, I have to admit it led to some GOOD with my FBF. He abandoned his elusive routine to play the ‘knight in shining armor.’

 

Prior to last week, we were on equal ends of the earning spectrum– both of us earning significant still-employed finance salaries. Despite my generous severance and the fact that I did not ask for any help, my FBF “Michael” seemed to really enjoy stepping up to bat on my day of reckoning. He offered to pay my rent for a month, take me along on all the trips he had planned for work in February (Vegas, Miami and London) AND offered to let me stay with him come March, if needed.

 

Prior to this Michael had never offered to pay for anything more than a vodka cran. (nor had I expected him to) so this surprised me beyond belief. Is the financial crisis actually strengthening my relationship? I have had friends tell me he was intimidated by my ability to keep up with him at my job. Is he more interested in me now that I am not competing with him?

 

I am stunned by his behavior and would like to throw a few questions out to the forum.  Do FBFs really want a helpless princess that they can ‘rescue’?

Are our power struggles with FBFs due to our inability to accept their huge egos? Or is it their inability to accept a woman as successful as themselves?

 

Regardless, I am accepting his help gratefully and hoping that the sh*t does not hit the fan when I am once again kicking Wall Street *ss.

 

-Allison – the FGF’s - story, as told by Allison

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With home prices falling 14% in the fourth quarter, summer rents are sure to be coming down.  Good day to bring up share houses in the Hamptons with your FBF, unless of course you’re dating a Hamptons home owner.

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Wow! We here at DABA headquarters are thrilled at all the responses we’ve received since the NYT article ran. We couldn’t be happier that the article has prompted such straightforward discourse on relationships and gender roles. Since according to Gawker we already landed a sweet book deal, we thought we’d sit back and share a few of the e-mails we received yesterday.

P dot S – Please be aware there is no swearing on DABA Girls. Kindly incorporate asterisks to express your rage.  Additionally, under no circumstances will unpleasant monikers for a girl’s Britney be posted.

From M.S.

“You have half the US blogs in an uproar! Hilarious! Congratulations on your work – brilliant! Kind regards,”

From A.Z., Therapist

“For all the months of the downturn, I’ve had men and women in my office who are or were in banking (or elsewhere in the finance industry) turning themselves inside out to figure out who they are now! For some, relationships with significant others or spouses seem to be surviving. For many others, they’ve tanked, too.”

From “Lisa”, Publishing

“I just want you guys to know that I totally feel your pain. “Matt”, my boyfriend, worked at Lehman’s for a while (we met in college, but didn’t get together til a few years later). Things were great - lots of trips to Europe (I went to Milan 4 times in like 6 months). It was amazing and we were so happy together. Until one day when he called me on his lunch break, something he never did before. He sounded panicked. He had heard the rumors and everyone was freaking out. I reassured him that I loved him and that things were gonna be just fine, but really I was freaking out too. Interestingly, when he came home, he was totally calm. He was 100% sure he was going to be fired and because it all seemed out of his hands, he felt free and almost relaxed. The sex was better than ever, like crazy good. We even made plans to go to his parents’ cottage in the Bahamas the week that he got let go so he could “reassess” his life. Things seemed really positive.

Then the sh*t hit the fan. He was technically fired from Lehman’s but he was immediately offered a job at Neuberger Berman, a company that took over a lot of Lehman’s assets (or whatever was left of them). He was torn. Part of him had been thrilled to be free of that job, but another - perhaps more sensible - part told him to take the new job even though it paid less and generally sucked. Now, though he’s employed, I never see him and he’s miserable. The sex is awful (when we find ourselves inclined, which is rare). I still have my job in magazine publishing but who knows. I feel your guys’ pain. Keep writing….”

From “J,” Occupation Unknown

“My friend just sent me a link to your blog. Dear God, it’s brilliant. Are there actually meetings? And if so, can I come? I’m engaged to a finance guy and all he does in the evenings is come home and pull his hair out while watching CNBC, so I have tons of free time. Thanks!”

From “Cathy,” Occupation Unknown

“OK I’m not in my 30’s I’m in my 40’s, so me and my banker have a lot to lose - the apartment with private roof deck, 2 kids, opera tickets, the wine club. We agreed to pretend nothing would change (though we wouldn’t do anything lavish - we stayed in Manhattan for Christmas and finally saw the Nutcracker, for example) until he got his number in January, and then we’d adjust, whatever.

Number is in and it’s a 75% cut, ladies. We’re looking at just enough money to make our mortgage payments, paying none of the principle down. So we aren’t going to lose the house yet, but we aren’t going to think about THAT until NEXT January. Meanwhile: My own dinky-by comparison salary, which had been my own since I went back to work so I could have the company of grownups, is no longer my own. It all will be spent on family expenses. The sitter’s hours are cut, both the family and my private credit card are cut in half, and I’m switching from having my facials and massages in my earthy, yoga-and-wine serving downtown spa to a midtown been-in-business-forever place with ladies in cubbies wearing pink jackets and lots of make-up giving facials only. I know, I know, only old people and gay men go there these days, but congested skin isn’t an alternative for me, so I have to go someplace. I’ll do it once every 6 weeks instead of monthly, and it is 1/3 the price of the facials at the spa. And I remember from the 80’s that they do a good job.

It gets worse. I’ll now be doing my pilates with others, in class, on the mat instead of on the machines with my private instructor. This truly frightens me. I could hurt myself competing with you 20-30 yr-olds. Private was so much less humiliating.

And yes, cooking at home. We had been enjoying the new Whole Foods to-go foods section so very much. Oh well - hello Associated Market. Did you know you can sauté’ an entire bag of frozen spinach in a large frying pan with a bit of onion and olive oil, chop a bit of domestic feta into and serve it to your whole family with a squeeze of lemon, and it’s a healthy and cheap alternative to pasta as a main dish? It is so good for you and the kids love it. And we’ll need the alternative because there will be a lot of pasta. Cooking pasta sauce on the weekends isn’t my idea of a good time, but that’s what we will be doing because I’m not ready to do something original every day. I have always been a great appreciator of other people’s cooking.

My kids are unspoiled enough to be happy but their over-programmed lives are going to be a lot less programmed. My daughter said, “Yay - can I have more play dates?” They are, however, pissed off about the end of cable TV and Internet access on their cell phones. They have to do something when there is no cartoon network, Nick or Disney Channel. We’re going high-brow; PBS only, and they will keep their piano lessons. They are getting good - we haven’t the heart to cut that off, and someone has to be entertaining around here.

And I’m very lucky - I love this banker, and he gives nearly as good a massage as my spa does. This is the first thing we’re doing this weekend to inaugurate our brave new world - give massages to EACH OTHER with ginger-scented oil. It was a gift with some lotion and soap, which is long gone. It kept well in the drawer, and I think it will last awhile.

I’ve seen some negative responses to your blog and I think they’re all transparent douche-bags. I think you two are great. My banker emailed the NYT article to me 30 minutes ago…Probably because he is now more connected to his blackberry, CNBC, and generally any update he can get his hands on, more than he has ever been before. When I started reading the posts I felt like someone had been hanging out in my brain for awhile. The need for sex, the fighting, the emotional crap, the pathetic new social life….It is all the same over here in my world! Thanks for the laughs and comfort! We’ll all have better days again….maybe we should consider dating artists? Nah!”

From Josh

“Ladies, I Think your blog totally ROCKS and totally enjoyed reading it from the beaches of Goa. Keep the writing up. You guys are on my must to read blogs weekly. Cheers.”

From “D”

“Hey Girls, I unfortunately…have a lot in common with all of you and I think your take on the whole thing is hilarious. My FBF owns his own firm and the time we spend together is spent watching Jim Kramer or Bloomberg. I would like to know where you guys meet up? Best Wishes (the DOW going up)!”

And our personal favorite, from “Nancy” in D.C.

“On Tue, Dec 30, 2008 at 2:02 PM, “Jim” wrote:

Dear Nancy,

I regret to inform you that I will be cutting you out of my life completely in FY09. Having just reviewed my entertainment spending for the month of December, I discovered that, while I spent an exorbitant amount on alcohol throughout the month, I spent an exorbitant-er amount when you were in my company, and or involved in the evening in some way shape or form.

Please note, this is a decision I make with a heavy heart, but it is a necessity. I will be 30 years old in 2009′! The amount I am spending on Nancy-related-boozing would be better served in mutual funds, an IRA or put towards a down payment on a home. The unfortunate fact is, Nancy-related-memories don’t accrue interest. Nor are they easy to remember.

Please send all formal protests to my future progeny.

Thank you for your understanding in said matter and keep your chin up. Like all things, this too shall pass.”

 

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This whole messy ordeal has advanced my Botox start date by at least two years.  Like every other DABA girl, the economy was wreaking havoc on my relationship and youthful good looks.  Phone calls went unanswered, Hamptons invitations un-extended, plans canceled (including, but not limited to, expensive opening night tickets to the ballet, which were scalped instead of being graciously offered to me and a galpal), and so forth and so on.  Until – the horror of all horrors – my FBF lost his job, which I guess technically downgrades him to just my BF.

Overnight, he went from unavailable to downright clingy.  He wants to have dinner every night.  By dinner I mean staying in and cooking as Megu is no longer in the budget.  AND, FYI DABA girls – chopping vegetables along side your man in a hot New York sized kitchen is NOTHING like the sexy kitchen scene between Mickey Rourke and Kim Basinger in Nine and a Half Weeks.  Seriously.  It sucks.  Anyhow, he suggested I meet his parents over the holidays and he keeps commenting that half Asian babies are by far the cutest.  My take on his 180: having no steady source of income for the foreseeable future, he realized that his chances of securing another fashion industry type girl are pretty much zilch and so he is cleaving to me as the last vestige of his former high rolling lifestyle.

Thanks to the recession, I now have a completely devoted BF, which is exactly what I wanted.  So I should be happy, right?  Wrong.  I’m bored and can’t stop thinking about my perpetually unattainable Euro ex-boyfriend who is recession proof courtesy of an offshore trust account.  To be honest, I’m only with my BF because I just don’t have the heart to change my facebook status from “in a relationship” to “I ain’t saying I’m a gold digger, but I ain’t messin’ with no broke banker.”

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With the former CEO of Merrill Lynch, John Thain, paying $1,400 for trash cans maybe your FBF will once again be willing to spring $800 for Jimmy Choos.  Sadly, this is probably just wishful thinking given today’s report that consumer confidence plummeted to historic lows in January (37.7, if you care to know the number that represents your current misery), but you didn’t need a survey to tell you that your FBFs confidence has been waning of late.  Good night to break out your old high school cheerleading uniform and raise your FBF’s spirits with a little raw raw raw sis boom bah.

 

- Brought to you by Anonymous Finance Guy and (occasional) DABA Girl Sympathizer

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M&A is back!!!!!  Pfizer is taking out Wyeth for $68bn and bankers everywhere are giving each other exploding fist bumps for the coup they pulled off in this market.  Sure, there will be thousands of lay-offs at the combined drug company, but who cares, you don’t date drug salesmen!  The big swinging I-banking d*cks are feeling 2006 cocky again (I bet your FBF probably wore his favorite white collared dress shirt from Pink today), so make sure you get taken out to Masa while the getting is good.  Trust me, this isn’t going to last and you will be relegated to Aki Sushi 3 again once your FBF realizes his bank is probably still going bankrupt anyway.

- Today’s daily forecast is brought to you by Anonymous Finance Guy and (occasional) DABA Girl Sympathizer

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One of the ugly truths about older successful men in finance is that despite having lavish homes, gorgeous wives, a few adorable kids and multi-million dollar bank accounts, they often yearn for more. “More” may be a distraction as innocuous as golf.  It could also be a darker vice—gambling, drugs or prostitutes a la Spitzer. Unfortunately, it is rare man, rich or poor, that can withstand the temptation of forbidden fruit. That’s where I come in. My name is “Courtney” and I’m the other woman.

 

My married man’s (let’s name him “Charles”) Achilles’ heel is having a Mistress.  Definition: a young, attractive woman who offers love and affection along with kinkiness in the bedroom.  Charles treats me just as well as, if not better than, many of the unmarried bankers I’ve dated in the past. I would call myself his “girlfriend” in the sense that I receive constant attention via text messages, emails and phone calls, fabulous vacations while he is on “business trips” and a never ending supply of gifts, gourmet meals and affection. I get all this AND I get to leisurely continue to date in search of my own Mr. Right. Win-win, don’t you think? I certainly did… until the mortgage meltdown.

 

Suddenly, I found myself being taken out less and less frequently. A recent argument went along these lines:

Me *pouting*: You haven’t taken me on a trip since we went to Bermuda in September. What’s going on?

Charles: Honey, finances are tight right now so my wife has taken it upon herself to check up on all of our accounts.  She will notice any big expenditures.

Me *cute voice*: Wellllllllllllll, what are you going to do to make it up to me?

Charles: Can we talk later sweetheart? I’m really busy right now.

Me: No. Give me an answer NOW. Don’t you realize what you have? I’m way too hot to be treated like this. (Disclaimer: Yes, I come across as bratty here, but it typically works when trying to get something out of him)

Charles *yelling for the first time in our almost two-year relationship*: I’VE GOT TO FIRE TWENTY PEOPLE BY THE END OF THE WEEK. Z has four kids, X just had a baby girl, Y just sent his son to college and I’ve got to get rid of two of those guys… and you’re complaining about vacations and dinner? God, you are so 24! GROW UP!

Me *stunned*: Okie dokie, let’s talk later lover.

 

He apologized a few hours later.  He promised my age was one of the things that endears me to him the most, but that I just don’t understand the tremendous amounts of pressure he is under right now. Fair enough. But damn, it’s tough to date a banker, even for the girl on the side.

 

-“Courtney’s” story, as retold (almost verbatim) by the DABA Girls.

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***Note: DABA Headquarters did its best to censor but the below content is a little racy. If you have yet to turn 18, are Mormon or the author’s father, you should probably skip this post.

It was the summer of ’08.  I had just graduated from law school.  He was an i-banker. We were a power couple in the making.  His stats:
6’2”. Check.
Ivy League Educated.  Check.
Apartment Owner, Dog Lover.  Check,  Check.
Upwardly Mobile. Check.
It was just a matter of time before the two of us would be strolling through the West Village in matching peacoats with our adopted Asian children in tow.

As he stressed over the dropping Dow, and I stressed over the Bar exam, our stress started pulling us in opposing sexual  directions.  See, I required regular sex to stay focused on the Bar, but he was either preoccupied with work, or drinking to forget work.  Neither facilitated the sex life I craved.

At first we were just getting down to business less frequently, but, after awhile, his performance started to suffer in both artistic and technical merit.  When our sex life was reduced to 10-minute bimonthly sessions of jackrabbit thrusting in the missionary position, I sat my FBF (Finance guy Boyfriend) down for a tete-a-tete.  Lovingly, I explained to him that either he put the polish on my Britney the way he used to, or I would find someone else to do the job.  I then gently reminded him that although he now walks around Manhattan like the big man on campus without a trophy girlfriend such as myself on his arm testifying to his coolness, everyone would see him as the math and chess club member he once was.  He clearly appreciated my candor and promised to rectify the situation.

I had made my demands known and was keeping count.  When 60 days passed without me having a real orgasm (ladies you know the difference), I decided he had been given fair notice and that this was no way to go through my twenties.  I packed his cuff-links and sent him to live on his buddy’s couch.  Fortunately, I had the Bar to focus on and no mental room left to lament the demise of my relationship.  I took the Bar, drank myself into oblivion, and headed to South America for a much needed vacation.

Evacuating the city was the best thing I could have done.  I missed being aggressively pursued.  I wanted to feel desirable again.  The men of South American did not disappoint.  There is nothing like the machismo culture to make you feel like a hot young thang. Feminism be d*mned.

Anyhow, I was out to dinner with my girlfriend in Buenos Aires and accidentally caught eyes with a man at a table across from mine.  Before leaving the restaurant, I stopped by the ladies room to touchup my makeup.  Unbeknownst to me, I was being followed.  I walked out of the ladies room and he was standing there waiting for me.  Bypassing formalities, he deftly pinned me against the wall, pulled my hair back with just the right amount of force, and kissed me like I had never been kissed before.  Eventually, I extracted myself from his clutch and asked if he spoke English.  He did.  Feigning indignation, I said, “Listen, where I come from you don’t stick your tongue down a stranger’s throat.  Just who do you think you are!”
He coolly retorted, “My name is Ricardo, and where I come from if a man makes eyes with a woman like we did and doesn’t approach her, he’s gay.”  We obviously were going home with each other.  I had to see how this sort of aggressiveness played out in the bedroom.

We merged our respective dinner parties for a round of Speedballs (champagne and Redbull).  There was dancing.  There were drinks (and then some more drinks).  Finished with foreplay, we went back to his place and let the Speedballs work their dark magic.  We were still entangled when the sun came up and as I peacefully drifted in and out of sleep, I had just one lucid thought, “Damn it feels good to dump a banker.”

Next time you are stressing over some finance guy remember that he is just a math club nerd with cash and that there are some things money just can’t buy a woman, and a mind blowing orgasm is one of them.  So relax, as evidenced by the existence of this blog, none of your girlfriends are marrying rich banker types any time soon.  You are not going to be the last of your friends to marry well.  This recession just bought everyone an extra two years of the single life.  SAVOR IT.  Go, have a steamy affair with some Latin lover who spends his free time thinking up new bedroom positions instead of trading positions.  Relish that for the here and now you don’t have to be seen in public with a guy who wears black shiny shoes with jeans.  Carpe diem my loves.

-”Lauren’s” story, as retold by the DABA Girls

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Obama being sworn in

Obama being sworn in

Obama’s hope for the future is sure to reflect on your relationship. Take advantage of this momentary bliss and plan recession-friendly activities with your FBF, like the ½ price cocktails and mussels at Essex or a matinee showing of Slumdog Millionaire.

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