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The Sunday Paper - Friday, December 28, 2007

Gold Star Books - By Rachel Mason

"A reader remembers the year’s outstanding reading

During the last year, I spent most of my free time reading. I cracked the covers on all kinds of books, ranging from novels and memoirs to kids’ books and chick lit. I read so much, it’s hard for me to remember every title. But in the past year, several of them stood out.

Though I spend a good deal of time in an office, for some reason, I still manage to enjoy reading about people’s work lives. “Bank” by David Bledin ($13.99, Back Bay Books) made me especially thankful that I don’t work for a huge investment bank. Still, reading about the characters’ miserable jobs in this first-person novel was really fun. Though the narrator, who’s called Mumbles by his work buddies, often sleeps at his office instead of at home, he still seems to like his job at least a little. Perhaps it’s the daily coffee runs, the cheap lunches or his insanely large paycheck.

While “Bank” is not exactly “Office Space,” it certainly falls into the same category. And I, for one, have yet to grow tired of stories inspired by all the ridiculous aspects of corporate America."

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Bloomberg News

“Why has investment banking, instead of soldiering in Iraq or drug abuse, become the issue of the day for talented young American novelists?

First, this season's lists brought us Dana Vachon's wickedly self-assured debut, “Mergers & Acquisitions.” Now David Bledin gives us “Bank,” another first novel about a sharp young graduate getting chewed up inside the machinery of a powerhouse of modern capitalism.
The story? Our hero goes to work at a bank. And, guess what, he hates it. He really, really hates it.

Bledin spent a year working as a trainee analyst at an investment bank, although he doesn't say which one. This is more than reticence: Part of his argument is that Wall Street banks are all the same.

In keeping with our times, this book began as an e-mail. Bledin wrote a funny note called “A Day in the Life of an Investment Banker,” which made the rounds among junior grunts toiling at the coal face of the financial markets. The squib evolved into a newspaper article on white-collar sweatshops. That, in turn, prompted a call from a literary agent. This book is the result.
“Bank” is a far bleaker work of fiction than Vachon's humorous “Mergers & Acquisitions.” Though Bledin delivers plenty of laughs, they are mostly cruel ones.

Our hero, Mumbles, spends his days (and nights, as he's rarely allowed out of the office) as a human punching bag for a parade of dysfunctional bosses, including The Sycophant, The Philanderer and the Crazy Brit.

Unadulterated Sex

His allies in the trenches include The Defeated One and Postal Boy. They are naturally suspicious of The Star and jealous of The Prodigal Son, especially when he starts an affair with a woman banker known only as Unadulterated Sex.

On the whole, it's accurate enough. Bledin is good on the mind-numbing tedium of the daily grind of financial analysis, coupled with the brutal, unreasonable bullying of the bosses. Plenty of people who've worked in banks will wince: Those of us who haven't will worry less about the million-dollar bonuses we're missing.

Bledin's greatest strength lies in the camaraderie that develops among four recent graduates suddenly tossed into the brutality of office life. They struggle to find their feet and to make sense of what's happening around them. They are terrified, yet combative, calling themselves “cubicle warriors” and plotting revenge on everyone. “We should be wearing capes for this,” Mumbles mutters.

Money Trap

It's all tuned to perfection. Yet the question remains: Why are clever young graduates who have neither the taste nor the aptitude for markets choosing to become bankers? There are two explanations, both related to the fabulous amounts of money now being made on Wall Street.

Just 15 or 20 years ago, graduates could chose from an array of careers that would offer different yet roughly equal sets of rewards. That has now changed. Bankers get paid so much these days that it takes sheer will power to resist the business. Why not make all that loot?
Yet many don't belong in banks and, not surprisingly, they detest the work. One way of taking revenge is to write about it.

Novelists have long lampooned the ways of Wall Street, of course. One thinks of Tom Wolfe's “The Bonfire of the Vanities.” The difference is that Bledin and Vachon are writing from the inside out, not the outside in. They recognize all too well the power that financial markets hold over their generation.

Which brings us to the second reason why scribblers are becoming bankers, however briefly. Writers like to home in on the most interesting, disruptive things happening in the world. The argument underlying these books is that the 21st century is being forged in the halls of investment banks.

A nasty world it might be. Yet it's colorful and dynamic. It's where the future is being made. And people always want to write -- and read -- about that.”

Author’s comment: It’s rare to see a review that analyzes the context of a piece of writing, rather than just the content. A personal story: After interviewing at the Bank, I received a call from the head of HR who said, “Dave, everybody really likes you, we think you’re going to do good work and be lecherous enough at the strip clubs, but we’re not so sure you’re a good fit for the industry.” It was the post-9-11 financial Armageddon, and I was in mortal fear of graduating college and ending up in a cardboard box on the sidewalk within the month, so I retorted with some hackneyed explanation for why I was the next Star-in-the-making. I must make a good pathological liar, because I got the job. Nonetheless, I was a terrible investment for the Bank. I quit after a year, and since most analysts fumble around without accomplishing much their first few months on the job, I left without maximizing my true potential as a spreadsheet-laden donkey. The point of the story is that the head of HR was right: I wasn’t a “good fit” for banking, as are countless others.

 

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DealBook (New York Times financial blog)

“Bankers can be forgiven for being very careful about what they say around the office. Acid-laced books, both fictional and nonfictional, written by former employees of investment banks, seem to have replaced drug-strewn memoirs as the current era’s “it” genre.

Even the fictional books, like Dana Vachon’s “Mergers & Acquisitions,” borrow heavily from real life. And the nonfiction ones, such as William D. Cohan’s “The Last Tycoons: The Secret History of Lazard Frères & Co.,” which came in at a respectable No. 353 on Amazon’s sales ranking as of early Tuesday afternoon, have even more potential for causing trouble. (Lazard seems to consider “Tycoons” to be quasi-fiction; a firm spokeswoman told The Times in March that it is “substantially inaccurate, was not fact-checked with the firm and has nothing to do with the present state of Lazard or its business.”)

Now comes “Bank,” a novel by David Bledin, who worked for a year as a trainee at an unnamed investment bank. It is, Matthew Lynn declares in his review for Bloomberg News, “a far bleaker work of fiction” than “Mergers & Acquisitions,” and while it is funny, like “Mergers,” the laughs “are mostly cruel ones.”

The protagonist, named Mumbles, “spends his days (and nights, as he’s rarely allowed out of the office) as a human punching bag for a parade of dysfunctional bosses, including The Sycophant, The Philanderer and the CrazyBrit,” Mr. Lynn recounts.

The reviewer’s assessment:

On the whole, it’s accurate enough. Bledin is good on the mind-numbing tedium of the daily grind of financial analysis, coupled with the brutal, unreasonable bullying of the bosses. Plenty of people who’ve worked in banks will wince: Those of us who haven’t will worry less about the million-dollar bonuses we’re missing.

Bledin’s greatest strength lies in the camaraderie that develops among four recent graduates suddenly tossed into the brutality of office life. They struggle to find their feet and to make sense of what’s happening around them. They are terrified, yet combative, calling themselves “cubicle warriors'’ and plotting revenge on everyone. “We should be wearing capes for this,'’ Mumbles mutters.

So why are so many young people nevertheless attracted to the profession? Simple, Mr. Lynn writes: Money. But “many don’t belong in banks, and not surprisingly, they detest the work.”

Whether the recent flurry of angst-laden books will stem the flow into Wall Street remains to be seen.”

Author’s comment: It’s not really a review, I concede, but it’s the NewYorkholymotherofgodsendthisouttoeverythirdcousinTimes (albeit in blog form), so I had to include it here.

 

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Publishers Weekly

“Bledin’s debut, a survey of rookie investment bankers struggling to survive the Street, is a sometimes successful menagerie of toady, loathsome bosses, wry observations from the Starbucks queue and sophomoric pranks. Narrator Mumbles and his friends - Clyde (who “just doesn’t give a damn”), Postal Boy (whose twitching eye and high-strung disposition has everyone “convinced he’s going to lose it one day”) and the Defeated One (who endures the 100-hour workweeks to support his girlfriend and his coke habit) - endeavor to master the art of the spreadsheet and maintain their ever-diminishing relationship with the outside world while keeping their shirts starched, their bloodstream caffeinated and their imaginations greased with fantasies of flight or revenge. A veteran of the finance sector, Bledin knows his turf, and though he brings little new to the office lit picnic, his table of cubicle rancor and awkard romances is well-paced, humorous and endearing.”

Author’s comment: Overall, a pretty decent review. If the “sometimes successful” had just been plain “successful,” then it would have been a great review. Never believe authors who say they never read their own reviews; we psychoanalyze each and every word of them. Also, I didn’t realize that working for a year as an investment banker makes me a “veteran of the finance sector,” but I’ll take the reviewer’s word for it.

 

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Kirkus Reviews

“A sweet and satiric romantic fable about an overworked, overstressed, overpaid investment banker who disovers that the life he leads is no life at all. In his debut, former investment banker and economic consultant Bledin, writing what he knows, captures the workplace dynamic from the inside. His first-person narrator is known by all simply as Mumbles, an unassuming Everyman who is often confused with another employee by those above him in the office hierarchy. Pretty much everyone else in the novel also goes by a nickname - the Defeated One, the Star, the Sycophant, the Philanderer, the Prodigal Son - in recognition of the fact that they are perceived less as unique individuals than as replaceable cogs in the investment-banking machine. The 90 hours per week that Mumbles works - and he’s considered a slacker by his superiors - costs him his relationship, such as it is, with the Tenuous Girlfriend, but it helps him make a coffee-break connection with the Woman With The Scarf. Both of them do drudge work for ridiculous salaries - he stands to make over $100,000 as a 23-year-old of little distinction, and is disappointed when his first annual bonus barely tops $20k - but their mutual frustrations provide a common denominator for a possible romance. Mumbles has promised himself that he’ll leave for a job where he feels less stress and more appreciation within two years, but when the Woman With The Scarf starts applying to grad schools, he realizes that he may have to make a potentially life-changing decision. How much abuse can one man stand for how much money? There’s no real plot and the characters are mainly caricatures, but Bledin has an engaging tone that results in an appealing narrator, one who sees his life in terms of popular culture (Groundhog Day, The Graduate, Office Space) and doesn’t take himself any more seriously."

Author’s comment: Another decent review. It also has its slight buzz-kills (“there’s no real plot and the characters are mainly caricatures”) but it’s the first time anything I’ve done has been called “sweet” since I was in diapers and had goo dripping down my face. My main reason for using nicknames was to protect myself against any possible litigation (as some of my characters, as nasty as they are, are flesh and blood people, real Voldemorts of the corporate world), but I like the reviewer’s so-called explanation for it (“they are perceived less as unique individuals than as replaceable cogs”) even though it wasn’t my intention.

 

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Pajiba.com

"David Bledin’s debut, Bank: A Novel, on the other hand, doesn’t aspire to be great literary fiction, but it is an infinitely enjoyable read that sticks to the suddenly popular workplace-hell subgenre, and does it incredibly well. Comparisons to the The Devil Wears Prada are inevitable and not entirely unfair, as Bank focuses on the narrator, Mumbles, a first-year investment banking analyst who endures hellish 120-hour weeks crunching numbers and fiddling with Excel spreadsheets under the supervision of first, The Sycophant, and later, The Crazy Brit, the novel’s slave-driving Miranda Priestley character. Among the cast of characters are his co-workers, Postal Boy (a pasty, eye-twitching high-strung analyst who is always on the brink of losing it and creating “The Columbine of the banking world”), the Defeated One (Mumbles’ coke-snorting cynical best friend at the bank), and the Woman with the Scarf, the novel’s lawyer/love interest and target of romantic awkwardness.

The novel explores familiar territory for anyone who has read Adam Davies’ The Frog King — trips to Starbucks, cubicle rage, girlfriend neglect, co-worker adultery, office shenanigans, and emails accidentally sent to the wrong person — but it is, at times, hilarious, and at others, surprisingly endearing. Indeed, Bledin (a former investment banker) manages to do the unthinkable here by humanizing the plight of a number cruncher who spends 18 hours a day in front of spreadsheets, and does so while creating a healthy amount of suspense around something as seemingly mundane as the size of a bonus. But the novel’s main focus is whether Mumbles will be fired, resign, or have a nervous breakdown first and, unlike The Devil Wears Prada, Bledin offers, at least, a more realistic conclusion.

It’s not a particularly ground-breaking novel, nor is it as good as Joshua Ferris’ recently released workplace-related Then We Came to the End, but Bank is an immensely entertaining book propelled by Bledin’s sharp wit, clever sense of humor, and affection for his characters."

 

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NightsandWeekends.com

"This entertaining novel from first-time author David Bledin tells the story of a fresh-faced young man, Mumbles, in his first year as an entry-level investment banker. Mumbles and the other members of the Gang of Four—the Defeated One, Postal Boy, and Clyde—are all over-worked, under-sexed, and running on caffeine-charged lattes from the Starbucks in the lobby. The Gang is trying to master the complexities of Excel spreadsheets while somehow hanging on to the shreds of their personal lives and maintaining contact with the outside world.

This isn’t the first book to take on the modern office environment, but it’s got great pacing, and the characters are on a definite path to somewhere. That’s a neat trick to pull off for a first book—and even more impressive considering that none of the characters (except Clyde) have a real name assigned to them. It’s a great way to save words, too, because when Bledin first mentions The Utterly Incompetent Assistant, the reader knows exactly what she looks like and how she’s going to act. The same is true of Prodigal Son and his mistress, Unadulterated Sex.

Bank is almost the book version of Office Space. The Gang of Four hate their jobs, and even as they kill themselves to get ahead, they’re trying desperately to get out. The jokes are both subtle and over-the-top. It’s a book that will force you to laugh at the tactics used to survive life in a business that expects 100-hour weeks out of its lowest employees.

Bledin has a good ear for how men talk in an office and a solid eye for how they act around each other. That helps to make up for the fact that the book sort of plays out in the way that the reader expects it to. There are flaws in the plot, but the quality of the writing helps to overcome them.

If you’ve ever had a job that felt like it was sucking the life out of you, then you’ll get the point of this book. There’s nothing ground-breaking here—and, by the same token, you aren’t going to learn any dirty little secrets about the world of investment banking. But Bank is definitely worth the fifteen-dollar investment."

 

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HipsterBookClub.com

"There has been a recent surge in the popularity of the workplace novel. This year alone has brought Joshua Ferris's Then We Came to the End, the paperback edition of Max Barry's Company, and all those "faction"/bildungsroman/ roman à clef novels (Little Pink Slips, Mergers & Acquisitions, Falling Out of Fashion, Because She Can). Perhaps readers enjoy seeing people suffer more than they, or maybe they yearn for a job where they could afford several dolce de leche lattes a day. No doubt the hit TV shows The Office and The Apprentice have contributed to our desire for literature that extols the virtues of the everyday.
The problem for David Bledin's first novel, Bank, is one of logistics—with all these other books coming out at the same time, what is he adding to the mix? Working in Bledin's favor is that his book is not a thinly veiled exposé of a famous celebrity. Bank offers more for the reader interested in story and character, as opposed to idle gossip.

Mumbles, the protagonist in Bank has one hell of an awful job—he is a young investment analyst. Down the road, he may be able to coast a bit, but for now, his life consists of late nights and weekends working with Excel and PowerPoint, fueled by terror and fancy coffees. The plot itself is rather obvious: After suffering indignities at the hands of his superiors and losing the girl, Mumbles is tired of wasting his youth in a white-collar sweatshop, and rebels against the tyranny of the Bank. Along the way, there will be both high jinks and shenanigans. One or two characters will fail, loves will be won and lost and won again. What saves Bank is Bledin's comedic timing and attention to detail, making this an enjoyable, fast-paced, and fun read.

Bledin uses clever shorthand, like referencing Paulo Coelho's The Alchemist when Mumbles's father suggests he consider leaving his job, using the book's idea of obtaining inner peace when following one's desires. He also references Stockholm Syndrome to describe why it's impossible ever to leave the Bank, but then he gets a little bogged down explaining the shorthand, making it overly long. Bledin also gives all his characters descriptive sobriquets—The Sycophant, The Star, The Prodigal Son, Unadulterated Sex, The Utterly Incompetent Assistant—which serve to key readers in to which particular pigeonhole these characters fit.

Despite having to pull frequent all-nighters and working weekends, he and his pals (a.k.a. The Gang of Four) have time to go out for lunch and Starbucks breaks, where much of their shenanigan-plotting takes place. In one plot, Mumbles proclaims he'll propose on the spot to any woman who can finish a lunch order of General Tso's chicken at the gang's favorite lunch spot; they hold him to it, thus introducing Mumbles's love interest, The Woman with the Scarf.

The flaws are minor. Bledin sweeps the reader up deftly, allowing us to join the Gang of Four in their outrageous acts of skullduggery on their way to (we hope) their inevitable epiphanies. Sure, some of the tomfoolery is closer to the Tom Green movie Road Trip than anything Jim did to Dwight in The Office, but Bledin's fast-paced, funny style allow readers to gloss over the predictability and stereotypical situations, and root the characters on as they struggle with their lives at the Bank"

 

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ReaderViews.com

"“Bank,” David Bledin’s tongue-in-cheek first novel, takes a look at the world of investment banking through the eyes of young college graduates desperate to receive an offer from an investment banking firm. So desperate that they will work long hours and neglect their own lives, so desperate that they put up with detestable bosses that offer them no respect. David Bledin offers a look into the life of Mumbles, Clyde, Postal Boy and the Defeated One.

Mumbles is the narrator in this novel. He’s a good guy but he’s overworked. Clyde is beyond caring about anything. “He doesn’t give a damn.” Postal Boy has a nervous twitch in his eye and is expected to go postal at any moment -- “The Columbine of the banking world.” The Defeated One has a drug problem and a girlfriend with a drug problem. He will work any amount of hours to support his habit. These characters are attempting to achieve their goal of a permanent position in the banking industry. They must learn to deal with #REF, evil bosses, and deleting the wrong sheets.

Their method of coping is to play pranks on their bosses. One of their pranks is against the Prodigal Son. The Defeated One saw him having sex with Unadulterated Sex. The plan is to tape the two having sex at the office and then to broadcast it for all to see at a company party.

“Bank” by David Bledin is a humorous look at the world of investment banking. The characters act or react in a sophomoric manner. But demon bosses that demand long hours drive them to their actions. The scene where Mumbles is in a meeting with a client and he’s desperate to go to the bathroom is exceptionally funny. We’ve all been in a similar situation at one time or another. Buy BANK OnlineThe cover of this book is a hand with the middle finder sticking up. It speaks to what the reader will find inside. However, many will look at the cover and pass this book up missing the funny tale that awaits them. David Bledin is an extremely talented author. This is a book that will appeal to young adults."

 

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