"Bank of America Could Cut 4,000 Jobs: Report" - CNBC

4,000 people not paying taxes, not going to restaurants, theatre, etc.

...4,000 fewer overpaid idiots throwing their outrageous bonuses at Manhattan real estate...

4,000 fewer people financing the business that employs you.

Doesn't affect me at all, thank you very much... oh... except that it helps drive down my cost of living...

Only a simple minded person would see 4,000 fewer people employed in their city as being beneficial to them. 4,000 fewer people paying taxes that pay city workers to make your city more livable, cleaner, safer, more educated. 4,000 fewer people to support the city.

Ask Flint, Michigan and Detroit, Michigan if 4,000 fewer workers in those cities benefited residents. Not one person benefited from that.

and cuts the services provided by the government as the tax revenue dwindles

hejiranyc - you are the idiot thinking that this doesn't impact you.

The city itself needs an enema as well- NYC went on a spending spree during the boom years instead of saving for a rainy day. There is tons and tons of fat that can/should be cut from the city rolls. There are way too many hands in the till, way too many entitlement programs, way too many overpaid union workers. We survived very well with less a decade ago; and back then it was actually possible for an upper middle class family to afford to live in Manhattan- not so much anymore. Wages remained stagnant/declined, except for financial jobs, while the cost of living skyrocketed to the stratosphere. Give me a grittier, dirtier, less pleasant city that is financially within reach to the middle class rather than a homogenized, whitewashed playground for the wealthy.

4,000 adds to negative news of the economy...no matter who it is ...it's still the negative news that is not positive....anyway..we all know the state of the economy...it's going to take a while....hold on...and spend less...work harder...

Courtney = desperate owner of depreciating Manhattan real estate.

kingdeka, your analogy is completely irrelevant. Flint and Detroit are one-trick ponies- cars. NY has a diverse financial base that has been squeezed increasingly by the shameless dominance of finance. Accordingly, the cleansing of the Wall Street scum is actually conducive to stimulating other types of businesses to open/expand in the city- businesses that were previously priced out. Rather than having a Duane Reade, a bank and a Starbucks on EVERY corner, perhaps the falling rents will encourage other types of less-profitable businesses to thrive.

nope. not an owner, just an aspiring buyer waiting for the right time. don't make assumptions, simple minded idiot hejirnyc. you probably couldn't get a finance job so bitter about it. you should have studied harder...

ap2492, as the old saying goes- you reap what you sow. Wall Street was responsible for creating and destroying trillions in paper wealth while gorging themselves at the till- it was nothing but asset and monetary inflation. If the economy as a whole loses trillions in wealth, of course it equates to a corresponding loss of jobs as well. And fortunately, the very titans of the universe who created this mess are also the ones feeling the consequences.

hejiranyc - you stopped making points and credibility when you said "give me a grittier, dirtier, less pleasant city". after that being said everything you say is suspect and probably motivated by some sort of burn from the financial sector. Were you one of the first wave of laid off financial workers and told that you were not valuable enough to the company to keep on? obviously you have some sort of agenda and alterior motive.

hejiranyc- in reference to your last line "fortunately, ........../ unfortunately it it NOT only the titans that are feeling the consequences....I need to sell my apt...and I didn't do anything but live in a small apt with two kids..waiting to sell and upgrade my space ... I love nyc so I am staying...but its tough to stay..thank god it's a great city..otherwise...

courtney- my apologies... instead you are just a loser in life who will never own a home. And by the way, Moron, I don't work in finance, never have, and never wanted to.

kingdeka- no need to be suspect. I am bitter that Wall Street were first in line to lavish themselves with outrageous compensation packages while committing reckless gambles for short-term gain and destroying the fundamentals of our economy. They knew exactly what they were doing. Am I angry? Of course! What sane, rational person wouldn't be angry, especially priced-out New Yorkers? That is why the bloodbath on Wall Street is so satisfying. Everyone's standards of living have suffered because of them.

This economy has definitely impacted little people...like me. You appear to have some sort of agenda or bitterness towards people in finance. You are the one in need of an enema...unlike you, we don't want a grittier, dirtier, less pleasant city.

look, it's never a good thing when thousands of people get cut. unless i suppose you are buying an apartment that you were up until now priced out of. i know it's schadenfreude, but i'd be disingenuous if i pretending like i didn't appreciate rapidly falling apt prices here. if there was a way apt prices would fall another 30% without job loss - i would be the first to raise my hand in support. but that's just not how it works.

heji's got a point in that many people spent way beyond their means. i've seen this first hand. and now, many are paying the piper. having said that, my best wishes go out to those that have lost their jobs and i hope they've saved up enough to weather the storm.

sorry, pretended not pretending

"Ask Flint, Michigan and Detroit, Michigan if 4,000 fewer workers in those cities benefited residents. Not one person benefited from that."

Pros and cons. Yes, the lack of city revenue will hurt generally. But, the BIGGEST cost for New Yorkers has not been taxes, its been housing. I'll take a raise in the smaller one for a bigger decrease in the larger one...