You know, it never ceases to amaze me how people in New York carry on these conversations, so that anyone can hear them, and not even consider who might actually be hearing them.

I was in this temp agency and the owner was discussing his agency's contract with Goldman Sachs (or a vendor to a vendor to Goldman Sachs) and I'm sure the guy had no idea who I was nor what I could do with the information. Anywho,

I gleamed from this guy's conversation that the Investment Banks now are requiring that temp agencies post so high a bond ( I assume in relation to liability/insurance) that more or less only the National and large regional temp agencies can meet the requirements.

I suppose you would have had to have been temping a long time to see how funny it is that Adecco and Spherion and other National Temp Agencies are sending temps to the major investment banks now. In the 90's the investments banks were the exclusive gravy train of the little connected no-name temp agencies that seem to just pop up out of the blue with contracts with major temp agencies.

Now, it seems that the temp agencies that had the locks on IBanks in the 90's are operating as subcontractors to the National Temp Agencies. From the gossip I hear, most of the large IBanks have some national temp agency or some large regional temp agency as master vendor, with the little bitches as sub-contractors.