Just how bad is it on Wall Street?

Watch this clip from CNBC and you'll have a better idea. Citi has more bad news, with rumors of 5-10% of the workforce being cut (10% is roughly 32,000 jobs!) and Bank of America won't deny reports of trimming the budget by removing soup, yes soup, from the cafeteria. They also have not denied the report that says they are no longer providing soap in their bathrooms. Yeesh. As if you didn't have to be cautious enough when shaking their hands, now this.

Equally shocking is CNBC's comments about how these moves only hurt the little guy. If true, this means that the greedy fools who took BoA into the can will be OK (no cuts there!) but the regular workers are all being asked to sacrifice. Nice. It's interesting to note that only a short time ago it was US companies looking to buy into China and today, it's China buying into the US. Batten down the hatches...rough seas ahead.