It's not just the Dow that has experienced radical ups and downs in the past few weeks. The financial crisis has taken a toll on bankers' self-esteem. Imagine if it were you: One day you're cruising down to the meatpacking district for a little "models and bottles" action, the next day you are doing it again, only without a job. For right now at least. Maybe you'll go to Thailand for a little while and just chillax? Play some paintball? The point is that you don't know what to do. And that is a really difficult thing that needs, like, grappling with — seriously, these people need our not just fiscal but emotional support. At least according to Time, who got psychologist Dr. Peter Jenkin Morgan to assess "bankers' dilemma."
"Bank employees have some unique problems that could intensify the dips in that model. For starters, the world is hardly well-disposed to them right now: people are angry and looking for someone to blame, and the banks and their employees are natural targets. For some employees, an entire sense of self is at-risk. "Not only is society saying, 'We don't want you to exercise [your profession] anymore,' it's saying, 'We actually don't value [your profession] anymore,'" Morgan says. The result can be a reduced sense of self-worth. Former bank employees may be timid about telling people what they do — or did. "Overnight, [people who worked in banks] have been placed in that second-hand car salesman category," says Morgan. To cope with these feelings, many out-of-work bankers and traders are heading to their health clubs to fill their time, work out their aggression and get their endorphins to kick in."
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