One of the biggest concerns is the shrinkage of the capital markets subsector, which contributed much of the profits the big banks reported during the last boom. Capital markets, which New York dominated, includes the selling and trading of stocks and debt, like the subprime mortgages that fueled the housing bubble.
Living and laughing with a disability - cerebral palsy; ordinary life, extraordinary circumstances.
Thursday, February 19, 2009
Retraining investment bankers
It's easy to blame them for the economic meltdown. NYC expects to lose 65,000 financial service jobs. That's a lot!