In 2008, The New York Times Said That Giving Investment Bankers Banking Charters Would Finally Put an End To Gluttonous Wall Street Paychecks

“The move alters one of the models of modern Wall Street, the independent investment bank, soon after the federal government unveiled the biggest market intervention since the New Deal. It heralds new regulations and supervision of previously lightly regulated investment banks, as well as an end to the outsize paychecks that helped shape the image of the chest-thumping Wall Street banker”.

–Michael J. de la Merced, Vikas Bajaj and Andrew Ross Sorkin  Read more

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