Yesterday, New York’s Independent Budget Office revealed this startling news: “Wall Street securities firms will emerge from the current recession in a down-sized mode, with few of the jobs cut replaced by 2013, even as the industry returns to profitability next year.” No! Next they’ll tell us people are going to be doing more due diligence on the people they invest their life savings with, and possibly even spending less on luxury items! [Reuters via NYT]
