Wall Street Uncertainty

In an August 13th story in Reuters entitled “Wall Street bonuses, jobs lose certainty,” by Tim McLaughlin, the reporter discusses the threat of job growth on Wall Street in the credit market and mortgage industries. The combination of unstable markets and declining mortgage industry have led to uncertainty with jobs and even bonuses. "It would not be surprising, should the market continue to correct, that come December people will be surprised by the paucity of their bonuses next year," said Harlan Platt, Donald J. Harding Professor of Finance at Northeastern University's College of Business Administration. "And a goodly number may find themselves looking for work elsewhere."

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