Wall Street is hurting … sorta | CNN Money by Gregory Wallace
Wall Street is feeling a bit of Main Street’s pain. It’s all relative, however.
The securities industry is still hauling in multi-billion dollar profits, its employees are impressively well-paid, and bonuses are growing again.
But “the good old days” aren’t entirely back in the financial world. The industry isn’t immune from the economic downturn it sparked. Profits aren’t what they once were, jobs have been lost and financial regulators are bringing the heat.