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I went from Wall Street...to working at Waffle House
CNN Money ^ | 03/18/2016 | Heather Long

Posted on 03/18/2016 8:19:06 AM PDT by SeekAndFind

When James Adams walked into Waffle House in 2009 and requested a job application, the manager asked if he'd been sacked because of the meltdown.

"Yeah," Adams said. "Firms like mine caused it." The manager gave him a sympathetic look. She said he could start Monday as long as he had a pair of black pants and vowed not to steal anything. He took the job.

Adams went from pulling in six figures a year as a hedge fund vice president to serving bacon and grits for $2.13 an hour (plus tips).

The job came with a side of "humble pie," especially when he was put on the graveyard shift with mostly ex-cons as coworkers. His wife thought he was nuts. But he felt he needed to do "deep soul searching."

"I'm willing to admit I played a role in the most horrific financial drama in the last 70 years," says Adams.

On his first day, he couldn't even find the cheese in the Waffle House refrigerator. Head cook Edward wasn't amused and wanted him gone.

A few days later, Edward walked Adams over to a dirty table. He pointed to a yucky spot and asked Adams to wipe it off.

"If you can clean off this spot, you'll be of more value in this job than you were in your last one," Edward said.

Adams had to prove himself, one table wipe at a time. In his six months waiting tables in Durham, N.C., he and Edward eventually became friends.

Other co-workers also came around. A fellow waiter jumped in front of a drunk customer who was about to hurl her grits at Adams. The waiter, who had been in jail twice, gave Adams tips on how to keep customers from getting to you.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy; Society
KEYWORDS: financialcrisis; wafflehouse; wallstreet
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To: SeekAndFind

This article is entirely incorrect. The Banks did not cause the credit crunch of 2008, it was caused by Gov’t manipulation of the housing market in the U.S. The CRA founded under Carter and enhanced under Clinton required banks to include 30% sub-prime mortgages in their portfolios. As a direct result, the banks tried to protect themselves with credit default swaps and other financial derivatives. But the margin was called and the cost was high, Bear-Sterns, Washington Mutual, CFC, Lehman Bros., Merrill Lynch, Wachovia, MS, (GS, Citi-Bank, BAC, Wells Fargo, JPM) the protected five. Notice that TD Bank is not in the group because it is Canadian. But the low oil prices are starting to really hurt our neighbor to the North. I don’t see the SPY going much above 210 before another plunge. Look out below. Zero interest rates are killing us.

-Frank


21 posted on 03/18/2016 8:35:48 AM PDT by thepoodlebites (and that government of the people, by the people, for the people, shall not perish from the earth.)
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To: SeekAndFind

There is no such thing as a job that is “beneath” someone. If you are a hard worker, you will start out in an entry level job but you will rise to a job that can sustain you. But the conditions have to be right — an economy that is operational and not weighed down by Socialism and massive transfer payments to the unproductive.


22 posted on 03/18/2016 8:36:21 AM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: Kit cat
there are so many small business’s people can do now that we have social media!!!

Would you please post a few examples? Or maybe just one? Thanks.

23 posted on 03/18/2016 8:36:31 AM PDT by bankwalker (In the land of the blind, the one-eyed man is king.)
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To: dfwgator

That is true. I remember once I was applying for an office job, and half of the interview was about my current job cleaning hotel rooms.

I got the job.


24 posted on 03/18/2016 8:42:27 AM PDT by Haiku Guy (Admit you were conned / This means you are good and honest / There's no shame in this)
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To: thepoodlebites

But those are the kind of FACTS the Left has no use for as they try to cement their version of history into the populace.

In our lifetimes, how many times have we watched the Left do this? With slavery? With the subprime induced financial crisis? Over and over a again the Left re-writes history to absolve themselves of any culpability. I mean even now, the murderous Che is the t-shirts of many. Socialism, the pathway to Communism that killed over 100 million people in recent past history in — right now — in vogue with a large swath of Americans.

We are doomed.


25 posted on 03/18/2016 8:43:06 AM PDT by Obadiah
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To: bankwalker; Kit cat
tThere are so many small business’s businesses people can do now that we have social media!!!

Would you please post a few examples? Or maybe just one? Thanks.

Copy editing, for one.

Regards,

26 posted on 03/18/2016 8:46:16 AM PDT by alexander_busek (Extraordinary claims require extraordinary evidence.)
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To: Opinionated Blowhard

If you have a really low paying job, you have to work just as hard at having a really low standard of living and low expenses. When I was washing dishes, a bus ride was a luxury I could not afford.

The room I was working in was disgusting. The walls and floors were black with years of accumulated grime. At closing time, it was the dishwasher’s job to stay late and clean the dishroom. Needless to say, this chore had been pretty much ignored since the place opened.

I decided that I was going to clean four square feet of that room every single day, and once that spot was cleaned, I would keep it clean. It took and extra ten minutes a day. After about eight months, I had the whole room clean, and closing was a breeze, because all I had to do was mop a clean floor and wipe down the walls.

My boss walked in, for the first time in a year, after the job was done, and he couldn’t believe it. He had been avoiding the dish room for the entire time he had been there, because it was so bad.


27 posted on 03/18/2016 8:49:51 AM PDT by Haiku Guy (Admit you were conned / This means you are good and honest / There's no shame in this)
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To: Yaelle
If you haven’t worked in over 20 years, it is very hard to get a job.

Yeah, but if you haven't worked in only a few months and are in your fifties, it's closer to .......impossible. I had personal experience.

28 posted on 03/18/2016 8:51:35 AM PDT by Mastador1 (I'll take a bad dog over a good politician any day!)
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To: bankwalker

Landscaping, washing windows in homes, housecleaning, weddings cakes cost a fortune and with cottage kitchen laws can be made in your own home, also candies and fudge can be made in your own home and mailed to different locations if you are a guy you can start a small handy man business people ALWAYS need to have small fix it things done in their homes such as installing new faucets, ect. Then there is also child care services, insurance is high for this but a small child care business is VERY lucrative !!! I mean if you really want to work and put your heart into it you can make a decent living and be your own boss!!!


29 posted on 03/18/2016 8:53:29 AM PDT by Kit cat (OBummer must go)
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To: Haiku Guy

You my friend are what America is all about, regardless of what the job is be the BEST that you can be at it!!! I was a waitress when in college I made a fortune in tips 200.00-250.00 a day, when I started cocktail waitressing it was even better people at a table having a great time with you and their guests would just start throwing money at you!!! One holiday season I had a Santa hat on a guy wanted my hat, payed me 500.00 for that damned hat in cash!!! people with a few drinks in them can be really stupid!!!!


30 posted on 03/18/2016 9:03:37 AM PDT by Kit cat (OBummer must go)
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To: SeekAndFind

“If you can clean off this spot, you’ll be of more value in this job than you were in your last one,” Edward said.

...oh so true.


31 posted on 03/18/2016 9:07:15 AM PDT by albie
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To: alexander_busek
What kind of man is coy about his age?

A man trying to get through a resume filter. In IT, when I trimmed my resume, and omitted the years I went to college, the phone rang more, a lot more.
32 posted on 03/18/2016 9:08:42 AM PDT by Dr. Sivana (There is no salvation in politics)
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To: dfwgator

“Heck, for a lot of companies, if you want to get an interview, you’d better currently have a job.”

A lot of truth to that.

I’d like to point out here, that putting this person into government statistics, he had a job, he lost it, now he has a job. So, a 100% recovery from the Great Recession!


33 posted on 03/18/2016 9:13:04 AM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day".)
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To: SeekAndFind

During the present energy meltdown, Houston streets are crowded with engineers and scientists looking for employment.


34 posted on 03/18/2016 9:25:37 AM PDT by 353FMG
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To: Yaelle
If you haven’t worked in over 20 years, it is very hard to get a job.

You have to show that you haven't just been sitting around eating bon-bons and watching TV. I was a stay-at-home mom for many years, but I was very busy volunteering at my kids' school, serving on the PTA, being a girl scout leader, and I made sure all that was on my resume and I talked it up at my interviews. Being computer savvy and not scared of technology also helped.

35 posted on 03/18/2016 9:45:31 AM PDT by reformed_dem
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To: Opinionated Blowhard

You are absolutely right! If this guy really thought his company caused the crash he deserved to be laid off. This article (and book and movie) feed the leftist explanation which looked everywhere except government to find the cause.


36 posted on 03/18/2016 9:48:48 AM PDT by Vesparado (The American people know what they want and they deserve to get it good and hard --- HL Mencken)
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To: Kit cat

Thank you.


37 posted on 03/18/2016 9:54:51 AM PDT by bankwalker (In the land of the blind, the one-eyed man is king.)
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To: alexander_busek
"...What kind of man is coy about his age?.."

A fag, that's who.

In this case it appears to be a fag who is married to a woman.

38 posted on 03/18/2016 9:57:59 AM PDT by T-Bone Texan (Don't be a lone wolf. Form up small leaderlesss cells ASAP !)
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To: Haiku Guy

That’s impressive.

I thought a long haul at the most screwed up corporation in America was miserable.


39 posted on 03/18/2016 10:04:01 AM PDT by wally_bert (I didn't get where I am today by selling ice cream tasting of bookends, pumice stone & West Germany)
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To: Mastador1

Indeed. True, true.


40 posted on 03/18/2016 10:09:23 AM PDT by Hulka
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