Manhattan Real Estate: No I-Bankers Please

The numbers are amusing in this ABC News piece, but the idea is right: The current financial crisis and the massive layoffs in the financial services industry are transforming Manhattan real estate.

"Five years ago, if you were an investment banker that meant big bucks and automatic entry. And today it is a dirty word," said author Holly Peterson, the wife of a multi-millionaire investment banker and the daughter of multi-billionaire financier Pete Peterson.

[via ABC News]