Thursday, February 9, 2012

Did Dodd-Frank Kill Wall Street Bonuses?

This article (via Manan Shukla) criticizes an article claiming that Dodd-Frank and the Obama administration is changing Wall Street forever. The article quotes several bankers who claim that their bonuses have been reduced because of these changes made in Washington. It then goes on to report that the CEO's from the top banks blame falling revenue on worries about Europe and a slowly recovering US economy. No mention is made of Dodd-Frank. The article reminds us that the good old days on Wall Street were not good for the global economy.

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