Laid-Off Wall Streeters Shed Clothes, Not Assets

By DANIEL MACHT
|  Sunday, Mar 29, 2009  |  Updated 6:35 AM PDT
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Laid-Off Wall Streeters Shed Clothes, Not Assets

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At Manhattan strip clubs business is booming.

Here's a spread that doesn't involve Treasuries: scores of laid-off women in finance and other professionals have become strippers in order to maintain their six-figure incomes, the New York Post reported.   

Leave it to the Post to call the bottom of a bare market.

Former Morgan Stanley financial analyst Randi Newton, 28, told the paper that a few nights after she was fired she went to a strip club with friends to "get drunk and forget my unemployment troubles." 

When the manager of the club offered her a job pole dancing, she accepted because she thought it would be "fun." Now Newton says she earns $160,000 a year from trading her thongs for songs. 

 "It was very odd seeing a strip club being better run than a major brokerage firm," she said. 

Even more bizarre, she added, was discovering that she experienced less sexual harassment at Rick's Cabaret in Murry Hill than she used to while working on the Street.

The "jiggle-joint" business, as the Post calls it, has also been a bull market for laid-off real estate brokers and other professionals.  

One club owner described his recession-proof business this way: "Even in the worst of times, for us it's the breast of times."   

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