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We will soon have the Wall Street failures knocking on our doors!|
We do not need these failures:
Wall Street workers leaving NYC for fresh start
Bankers and brokers looking to escape the financial meltdown are scrambling to relocate their families, possessions and rarified talent far from Wall Street to places such as Florida, Chicago, Milwaukee, Virginia and Asia.
More bankers are willing to go to Asia than ever before because it is still viewed as an emerging market, said James Constable, owner of Albany Beck Consulting, an English headhunting firm that places financial workers in jobs from London to Singapore.
"Banks (in New York and London) are not looking to add to their work force in the short term," Constable said in an e-mail interview. "This means that the volume is down, so instead the banks are opting to hire one senior candidate rather than a number of more junior ones."
In this Oct. 2, 2008 file photo, a man walks to work on Wall St. Thursday, Oct. 2, 2008 in New York. Many Wall Street bankers and brokers are already scrambling to relocate their families, possessions and rarified talent to far-flung venues including Florida, Chicago, Milwaukee, Virginia, and Asia to find a job and get out from under an avalanche of layoffs. [Agencies]