How's everyone doing with their retirement plans? Some economic crisis we have, isn't it? Reuters:
Wall Street may earn $19 billion in 2010, its fourth-most profitable year, even as regulatory changes and a weakened economy limits its ability to generate profit, New York State Comptroller Thomas DiNapoli said.
In a report released Tuesday, DiNapoli said profit might decline 69 percent from last year's record $61.4 billion, but may have settled near levels more in line with pre-crisis amounts.
DiNapoli said Wall Street had lost $54 billion in 2007 and 2008, but has benefited from a series of federal bailouts as well as low interest rates.
