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December 04, 2008

Out Of School, Out Of Work

Out of School, Out of Work

Analysts say Bank of America could lay off as many as 30,000 employees in their merger with Merrill Lynch. But many of the bank's employees have already lost their jobs. Ned grew up helping his dad with the family real estate business. He studied finance at Dartmouth's Tuck School of Business, and was recruited by Bank of America before he'd even graduated. As soon as he started his job in Charlotte it was clear that times were changing. He watched people cleaning out their desks only months after they started. Less than a year after he was hired, it was Ned's turn. Now he's one of the tens of thousands of highly educated bankers out of work. Ned talks with host Dick Gordon about his view from inside the financial meltdown.


Bev Feldman has been listening to our series about tough jobs and she wrote in to tell us about hers. Bev's job as a teleprompter in Hollywood requires the ability to stay calm under pressure - and the ability to scroll text at exactly the right speed for politicians and celebrities to look their best.

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