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Wall St. Braces for Lower Pay, Less Risk-Taking

Gov't, public pressure forces shift in expectations

By Matt Cantor,  Newser Staff

Posted Jan 31, 2009 9:13 AM CST

(Newser) – With the new president joining the chorus of outrage against bonuses for bailed-out Wall Street firms, bankers are grappling with the notion that long-held pay expectations will have to change, the Wall Street Journal reports. Eager to avert government crackdown, firms are expected to shrink...   Read full story »

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