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Oh The Humanity! Economic Downturn Impacting Wives of Rich Asshole Bankers

March 27, 2008

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It looks like we’re staring down the barrel of a pretty healthy recession and it’s important to remember the people truly being affected by the economic downturn- the wives of rich bankers. The NY Post reports that the spouses of some of the guys behinds the Bear Sterns meltdown are cutting back on basic necessities like high end interior decorating. They have it:

“We only had about $50,000 worth of final touches [to go], and the wife called me last week and said stop,” said interior designer Darren Henault, whose work has been featured in Vanity Fair and Elle Decor.

“She said they’re not poor, and are never going to be poor,” Henault said, “but their capacity for discretionary income for things like window valances just went out the window.”

It just reminds me how cold and cruel the world can be.

Link [New York Post]