Monday, August 04, 2008

Rats, Wives and Sinking Ships

Often commentary on news even if almost ludicrous is a lot more entertaining the news itself. In this case, it was one about hedge fund managers having their marriages in jeopardy because of the credit crunch. The article reports the results of its survey thusly :

One out of ten is worried that their own spouse may be considering a divorce, which could cost respondents as much as $2 million.

“Historically during a financial downturn the divorce rate amongst high earners has increased,” Sandra Davis, the head of Mishcon’s family law practice, told DealBook.

By when Barbara Ellen of the Guardian puts her spin on this story it becomes a whole different kettle of fish and a much rowdier one at that.

So, no cash, no trophy wife. It's a simple enough psychosexual equation. Cold yes, but only as cold as the one that makes it clear to the trophy wife that she will be unceremoniously dumped, Trump-style, for a new hottie if she commits the crimes of becoming fat, old or Ivana (the patron saint of failed trophy wives). In short, in the land of the deal, the fleeing rat-wives have a point - what does love have to do with it?

You wonder if along with the slump, the marital woes will spread from Wall Street to Main Street.

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