Cars Bankers Can't Afford to Drive Anymore

Cars Bankers Can't Afford to Drive Anymore

David Kiley

Once upon time, when million-dollar bonuses rained down upon Wall Street, bankers would think nothing of blowing tens of thousands of dollars on an exotic car—or two. Driveways in the Hamptons, Greenwich, and Palo Alto were decorated with gleaming German and Italian machinery. But now, as the bonuses have dried up, so have sales of Mercedes and BMWs. In the harsh new reality confronting the financial sector—salary caps! nationalization of banks! Lehman Brothers!—it will be the rare banker who can afford to take his check and blow it at his local Ferrari dealer—assuming, of course, that he even got enough this year to make a down payment.

Read on to see which cars bankers—and nearly everyone else—will only dream about driving this year.

Business Exchange related topics:
Global Auto Industry
Financial Services Industry
Global Recession