Is Wall Street Set to Lose 10,000 Jobs?

A new report from New York State comptroller Thomas DiNapoli says 10,000 Wall Street workers will lose their jobs by the end of next year due to lower earnings in the second half of 2011. Mr. DiNapoli said the bad times ahead on Wall Street will have major consequences for the entire Empire State.  Read More

Comments

  1. Larry Littlefield says:

    If Wall Street were reformed it would have more jobs.  More people doing the actual evaluations and due diligence that was dispensed with in the past 20 years.

    Less profits and bonuses, and thus less tax payments, however. 

    1. Anonymous says:

      Larry did you ever read this story ?

      Recipe for Disaster: The Formula That Killed Wall StreetFeb 23, 2009 – David X. Li, it’s safe to say, won’t be getting that Nobel anytime soon. One result of the collapse has been the end of financial economics as …
      ====================================================This is the reason wall street and the banks “tanked”Before there was the “Oracle at Delphi” there was Count Vampire J. Machiavelli

      VJ Machiavelli
      Power to the People who “VOTE”

  2. Anonymous says:

    Are the 10,000 part of the 1% or 99% ?

    Before there was the “Oracle at Delphi” there was Count Vampire J. Machiavelli

    VJ Machiavelli
    Power to the People who “VOTE”