Obama spanks Wall Street.

[tw]

Researchers provide a more optimistic attitude. From the NY Times of 4 Feb 2009:

A Pay Ceiling Could Blunt the Lure of a Wall Street Job
In their National Bureau of Economic Research working paper, Thomas Philippon of New York University and Ariell Reshef of the University of Virginia found that the difference in pay between finance and the rest of industry was slight, if any, except in the late 1920s to 1930 and then again from the mid-1990s to 2006. In those boom years, compensation in finance was 30 percent to 50 percent higher than in the rest of industry.