Bye Bye, Bonuses

While hangovers from last night’s celebrations subside, the blame game from the red camp heats up and President-elect Obama begins to name his advisors, big banks have decided it’s a great time to start working on making those deep job cuts they previously announced. And while they’re at it, they they're also going to start slashing bonuses.

Hopefully most bankers end up with better exit packages than Dick “Don’t Blame Me For This Mess I Didn’t Do It” Fuld, who will be receiving nada when he leaves his post by the end of the year.