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THOMAS PHILIPPON
Nothing automatic about America's developed financial sector delivering benefitsDeploying capital to the places where it can be best used helps the economy grow, says Wall Street Journal’s Justin Lahart reports.- Cash stash: Wall Street traders earn more than top US army generals, lawyersEven with slashed bonuses, Wall Street traders draw more than top US army generals, neurosurgeons and lawyers.
- Wall Street's culture of entitlement hard to shakeJohn Thain, the ex-Merill Lynch chief, spent millions on his office decorations even as the firm was hemorrhaging money. Mantra in Year '09...
- Layoffs expected to decimate Wall Street ranksThe US financial services industry is witnessing the bursting of yet another bubble. This time, it's the industry itself.
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