New Message Board for Former FNLC'ers

Former employee Shawn has put together a message board for the ex-FNLC community. Stop by and leave your thoughts when you get a chance:

http://exnlc.activeboard.com/

More Negative Feedback

Really - I think the Copes should have just turned down the CNN Money story. I don't wish anybody ill will, but that won't stop me from compiling choice comments and posts from other blogs. Again, the validity of the unemployment claims and the "woe is us" mentality has certainly touched a raw nerve in the blogosphere.

Check out the latest smackdown, courtesy of Bubble Markets Inventory Tracking. The author has upped the ante by posting photos of the couple's home and the jewelry that they are trying to sell. One commenter noted that one piece of jewelry sold for a whopping $0.99 on eBay -haven't they heard of "reserve prices?" Here are some quotes:

• So let me get this straight. These highly skilled people are reduced to selling trinkets. I get the impression that just about any unskilled person could make a 6 digit income in the sub-prime loan business.
• So we're supposed to shed a tear for these clowns?
• My old Aunt in North Carolina always called these people, "pigs in finery". . .basically people who live the big life with no real money - just working class people with delusions of being grand!. . .can't people just live withing their means??
• She had about a dozen items up last week, all with buy-it-now (not auctions), and none sold.
• Good grief, who would wear that crap! That looks like the kind of crap tourists buy from the beach vendors on vacation and give as gifts to friends and family when they get home. It all goes in the trash as soon as they leave. BTW, her eBay feedback rating is a 1. She played it off to CNN as if she had a successful eBay business. A 1 is far from successful. Friggin' tools!
• Looks like I'm not the only one who's really astounded by the stupidity of people in this industry.
• I hope they had a lot of New Century Financial stock. If they didn't, then they didn't truly believe in what they were doing, and they deserve to suffer.
• Both of them worked for New Century. One of the biggest subprime boiler rooms that existed before the ponzi scheme collapsed. Subprime was all they did. They gave loans to anyone, no documenation, no proof of collateral was required. No proof of identification or citizenship was required!!!
• The picture of the jewelry is kind of funny. Did you notice how it is staged underwater? It is a situation they are very familiar with.
• Duane Kent Cope. Duane can't cope? Not anymore he Kent!
• These people are toast, with little to no true skills of value to EVER have the same lifestyle they had before. Check out Mysti's Linkedin profile. No degree. Was an assistant store manager prior to her VP role. I wonder how she got her job. Best she will ever earn is probably $30K per year at the local retail chain store. Welcome back to the REAL world folks.

Negative Feedback For A Sob Story - Ain't It A Bitch?

Looks like the subjects of that CNN Money article aren't getting much sympathy in the wake of the subprime fallout. Instead of people feeling sorry for them, they seem to have garnered more than their fair share of criticism. Let's take a look, shall we?

First, we have Stu's Rusty Bucket, who has done a nice job of inserting his/her comments into the story, such as:

• Awesome! Keeping the dream alive, a mansion on the coast…
• This is the “we have no plan going forward” routine, also known as “we are waiting for something magical to happen and money to fall into our laps!!”
• Awesome, they switched from a gas guzzling corvette to a.. gas guzzling huge ass SUV!
• know!! Lets get a job selling houses.. that don’t sell in a market that is thrashing around and wallowing in its death throes! Awesome decision there Kent...just think how many sea shell necklaces and self designed bikini’s you need to sell to make that 10k minimum a month.

Ah, Stu - you are too good with words!

Here are some nuggets from 3D Commune:

• Notice they cashed in HER 401k? He is going to skip off to Mexico with his secretary and intact 401k
• A suburban - now THERE is an economy vehicle
• THE INDUSTRY TARNISHED ITSELF, and you were part of it, I guess its time to get out the silver polish baby!
• Yeah, let the government pay you to do nothing, its the American way

Free Republic has great comments as well. A sampling:

• Sorry, they made a heck of a lot of money, and don’t have anything saved? Stupid is as stupid does.
• So, he gave birth to the monster that ate him.He and his ilk built the castle of sand and now bitch that it's crumbling?
• (They) need to sell the Beemer, down-size the house, take the first job they can get and begin working their way up again. And quit whining.
• (She's) been without work since May of 2007???!!! Nobody wants her resume because it’s got subprime on it? Nobody? Not Target or the Food Lion? Gimme a break. The woman could be bringing in something and still run her jewelry and beachwear business.
• But surely you don’t expect them to take responsibility for their own actions??

And, my personal favorite:

(Executives) in the Sub Prime and other banking fields by extension, really have no marketable skills and are grossly overpaid.

Finally, let's not forget Frugal Jim, who questions whether they should even be allowed to collect unemployment:

• So you and I are paying unemployment for these people? We’re actually subsidizing the start up of two businesses? I always though unemployment was supposed to be for people who were actively seeking a job, but were unable to do so.