So, apparently the Wall Street crisis is hurting people in more ways than we thought. We’ve discovered yet another desperate person trying to sell sex to pay off debt.

Remember that crazy, desperate college grad student from Sacramento who tried to sell her virginity to pay for her student loans (I guess working and saving is just not as profitable)?

Well, looks like she inspired someone because after Johnny No Name blew away the severance pay he was offered when he was let go from his investment banking firm position, he decided to move on to selling his gay virginity online — because whoring yourself out is the must have job of the year.

What is gay virginity, anyway? According to him, it’s a hand job and/or blow job, but absolutely no anal (at least not part of this specific deal), because he’s not gay. Sure, keep telling yourself that.

The real comedy comes when he swears to the bidders he is “HOT” and looks like Adam Brody. Well Johnny, if you’re so “HOT,” maybe you should try to model your way out of debt instead of selling a hand and blow job.

…Just a suggestion.

It may or may not shock you, but where there is one desperate person there is of course a few more; currently Johnny No Name has a high bid of $11,000.

You gotta loves those brothels in Nevada and Rhode Island, thanks to them this is all perfectly legal. I wonder if Mr. No Name’s plane ticket from New York to Nevada is included in the bid?

This is just another piece of evidence that shows how far people will go for money and sex. Would you sell your body to pay off thousands of dollars of student loans?

In case you haven’t heard, tonight is the biggest, baddest and most important VP debate EVER.

And nothing goes better with big, bad and important events quite like drinking games. We at CC have created a drinking game worthy of the event, so grab your friends (bonus if they are on the other team…it just makes everything more fun), all the essentials, and get your political game on!

What you will need:

Beer: 2 kinds are necessary: a quality brew of your choice, and a blue-collar variety (we prefer PBR).

Vodka: Stoli, straight from Palin’s neighbor, Russia, is best

A stack of dollar bills: You know you’ve been storing your money under the mattress lately, anyway.

A cheap bottle of wine

A tube of lipstick Read More »

Mondays are always bad, especially after a weekend of heavy drinking (as if there are any others), but today is even worse. It’s bad. Very bad. Very, very bad.

Citigroup just announced that it will be buying Wachovia bank to save it from collapsing. Just like AIG. And WaMu. And every other FREAKING BANK IN THIS COUNTRY.

Seriously, are there any banks even left anymore?

I know that everyone is telling us not to freak out, that this is just a dip and that we will come back from it, but I am about ready to pull my money from the bank and invest it somewhere safe.

Like in denim. Or shoes. Or lots of new winter coats. Those greedy bastards on Wall Street won’t be able to take it from me there!

In a sudden turn of events, John McCain has announced that he is suspending his campaign — putting a stop to advertising and events — until the sticky and possibly ugly Wall Street situation gets ironed out.  Obama and McCain were supposed to debate on Friday, but apparently, this credit crises is so blindingly awful that McCain can’t concentrate on anything except…helping it get fixed…by not spending his own money…?

(We’re still a little confused.)

According to Bloomberg.com, Obama and McCain had been discussing the possibility of postponing their campaigns, but McCain’s announcement this evening caught Obama off-guard.  By being the first one to pull the plug, McCain has put Obama in a tricky situation; either he stops campaigning too, or continues and risks being seen as not focused enough on the economy.

McCain seems to want to help Congress figure out how to pass Bush’s $700 billion “save the stock market and morgages” proposal. Perhaps he wants to brainstorm in the room with everyone?  It could be that he’s decided to sell one of his houses and donate the money to our ginormous deficit.  Or, maybe he’s secretly auctioning off Cindy’s $300,000 popped collar outfit.

If you want our advice Johnny, start with the dress.  It’s kind of hideous.

[photo from www.thewashingtonnote.com]

(In the second installment of our Expert Series Understanding The Economic Situation, we continue with the Q and A with a VP of an Investment Banking Firm. He knows his stuff and he’s gonna break it down for us in ways we can finally understand. Pay attention; he offers great advice for us college ladies for saving, spending, and not getting depressed. In case you missed the first part, read it HERE]

Do these recent economic waves mean college students and recent grads should stay away from investing in the stock market right now?

No – they should DEF participate and now is the time to do it. Recent and current grads should look to NON-financial stocks. Everything is down right now and there are so many bargains. Look to other tech and retail stocks. Buy stock and just let it sit. Don’t start trading regularly like I did when I was in college. I didn’t really make anything off of it, and if I had held onto the Google stock that I bought at $15, I would NOT be answering this email right now – I would be on a beach drinking fruity drinks with umbrellas.

How does one actually start to make smart investments?

Smart investments are ones that are based off of information, not emotion. An emotional investment is, “OMG, everyone is selling off finance stocks – I should sell mine too!” An informed one is made by reading 10K reports, poking around the internet for info, maybe even emailing or calling an investor relations representative of a company (they HAVE to talk to you and actually like doing so). Then you say, “Oh, Lehman is f*cked but JP Morgan is still in a strong position.” Read More »

We’ve sorta been freaking out lately about this whole economy thing. What the hell is going on? How bad is it? Should we start stocking up on non-perishables?

Depending on what channel we are watching, or what paper we are reading, we are hearing very different things. Most of which we do not understand.

So, we at CollegeCandy decided to bring in an expert: a VP of an Investment Banking Firm. He knows his stuff and he’s gonna break it down for us in ways we can finally understand. Pay attention; he offers great advice for us college ladies for saving, spending, and not getting depressed.

(Note: We had so many questions that it was just way too much info for a single post, so we will be breaking this one down into two. Come back tomorrow at the same time to find out the rest!)

CC: We keep hearing the words “Recession” and “Depression” – What’s the difference between them and which one are we REALLY dealing with now?

VP:The market, especially now that it has been globalized, is very cyclical. It goes through growth periods and reduction periods. A recession, in its most simple terms is an extended and significant contraction of the market that is evident in several indicators that are generally accepted as representative of the market. The REASONS for contraction are endless; everything from housing to taxes to the results of Rose Bowl affect the market, but it is important to note that a recession refers to SIGNIFICANT losses across the country for over 1 quarter (3 months), but – this part is important – it should be visible in the GDP. A depression is simply a sustained recession. Read More »

Just when you thought the school year was winding down, high-achieving Ivy League students are ready to leap into action again. Life at Princeton can be competitive and downright cutthroat, depending on your major, and nowhere is this more clear than when it comes to summer internships. Whether you’re doing community service in a developing country or learning what it’s really like to be a money-grubbing I-banker, it’s all about building the resume.

The institutions that hire college interns don’t help relieve the competitive atmosphere; in fact, they aggravate the problem by beginning their recruiting as early as October and November of the previous year. If you want to work at Goldman Sachs or Merril Lynch, you’d better be ready to be interviewed before you’ve even had your fall midterm exams.

The interviews themselves are grueling. My economics-major friends report on five-hour interviews in which they’re drilled on mental math, business sense, and whether the choices made by some corporations were wise or foolish and why. My female econ friends had to have a ready supply of pantsuits or skirts-and-blazers for the rounds of interviews, and my male friends kept pre-knotted ties hung on their bedposts to be deployed at a moment’s notice. Read More »

So, I did it. I bit the bullet and posted a Missed Connection.

I couldn’t help myself. I had seen a cute boy on the subway. Adorable, actually. This kid was everything I had been hoping New York would have tucked away in one of its dirty, graffiti covered apartments. Everything I had dreamed I’d softly bump into one of these sultry nights on 2nd Avenue.

He wasn’t a skinny, nauseatingly dressed Hipster. He wasn’t a gelled Wallstreeter secretly hiding a yellowed wife-beater under a polished polo. He wasn’t a moody artist wearing eyeliner and hunching over a notebook covered in scrawling of his pain. He was adorably normal. Sweetly natural. Still un-New York-ified. Just like me.

I saw him on the R train heading uptown. The moment I sat down and spied him I became consumed with sneaking looks at his tired, boyish face. He was dressed like he worked in some kind of uptown office, black pants a little too short for his lanky legs, old school headphones perched atop endearingly tousled brown hair. For 15 minutes I looked at him whenever he looked somewhere else.

All too soon he got off. I tried to watch him leave, but my vision was blocked by a marvelously fat guy and his incredibly giant lunch bag. 15 minutes was hardly long enough. I wanted more time with this specimen of cuteness. Read More »