Wall Street shrinking workforce and reducing compensation

These are all steps needed in order to cut back the excess of finance and move the banking harpies back into the box supporting, rather than dominating and imploding, the real economy.

William Cohan, author of “Money and Power: How Goldman Sachs Came to Rule the World” and a Bloomberg View columnist, talks about Wall Street compensation and Goldman Sachs Group Inc. Here is a direct link.

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