There have been numerous stories about the plight of the newly unemployed former Wall Street hotshot and it really is quite sad. Hard-working paper pushers have gone from seven-figure bonuses to the unemployment office. and in particularly dire cases, they've had to transfer kids to less elite private schools or perhaps even sell an Aspen ski lodge.
All of this could make for a fascinating CNBC reality show styled after hits like The Surreal Life and The Simple Life. Call it The Severed Life. The show would feature recently laid-off high level corporate executives, including former CEOs who left with massive severance packages, there to serve as punching bags: Richard Fuld, Angelo Mozilo, and Ken Lewis -- Oh wait, he somehow still has a job. Lesser-known cast members might include investment bankers and hedge fund managers.
The cast members would live together in a two bedroom house, five to a room, sleeping on cots. Each episode would feature bickering, drunken hook-ups and mindless scavenger hunts like sorting through mortgage applications to try to figure out how anyone could be dumb enough to approve them. Every week, the cast members would vote one of their brethren off the show and the last remaining banker(s) would receive $1 million of TARP money because let's be honest, it wouldn't be any more ridiculous than some of the things the bailout has already been spent on.
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