Wall Street’s biggest layoffs ahead

Justice to reckless bankers this cycle has been a painfully slow process. The maniacal practices that they perpetrated on families, companies, cities, states and countries in the credit/securitization bubble caused lasting harm to real people and the global economy. The good news is that with a world now sickened by debt, the incredible profit machine for bankers has come to an end. Layoffs and downsizing in the sector are crucial progress underway in this secular consolidation phase. The vampire squids are in retreat at last. This segment offers some worthwhile discussion. Here is a direct link.

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