Nice nice nice. Digby finds an article in New York Magazine about how the highest-flying of the financial high fliers are circling down.
The article features lots and lots of boo-hooing about how hard they work and threats to move to Silicon Valley and be the next Zuckerberg. But this article makes the case that Wall Street itself is in a very serious retrenchment the likes of which have never been seen before. The insane compensation structure is over and the industry is facing the unpleasant task of figuring out how to make money legitimately again.
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