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Even the suits are starting to feel it
Wall Street types won't exactly get coal in their stockings this Christmas, but a group that tracks Wall Street bonuses says they'll probably be 5 percent smaller than last year. It's hard to feel too sorry for these folks considering the average bonus last year was $220,000, but some traders will have it a lot worse. The Options Group says one out of every three people who sell mortgage-backed securities could lose their jobs.
Posted on August 22, 2007 4:45 AM PT | Permalink
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