U.S. liberal Democrats should be cheering this news. All that greed must be getting rung out of the system, right? Those greedy bankers are getting theirs, their bonuses are smaller, yada, yada, yada.
Well, here’s one forecast:
Meredith Whitney, a bank analyst, predicted recently that the securities industry might shed as many as 80,000 jobs globally in the next 18 months amid a prolonged revenue slump.