The End of Wall Street As They Knew It

“If you’re a smart Ph.D. from MIT, you’d never go to Wall Street now,” says a hedge-fund executive. “You’d go to Silicon Valley. There’s at least a prospect for a huge gain. You’d have the potential to be the next Mark Zuckerberg. It looks like he has a lot more fun.”

This article's a complete whitewash, of course, being about as pro-Wall Street as a monocle salesman.<p>Notorious leftist wingnut Matt Taibbi wrote a post about it: <a href="http://www.rollingstone.com/politics/blogs/taibblog/why-wall-street-should-stop-whining-20120208" rel="nofollow">http://www.rollingstone.com/politics/blogs/taibblog/why-wall...</a>

Here's an interesting response to this article: <a href="http://www.rollingstone.com/politics/blogs/taibblog/why-wall-street-should-stop-whining-20120208" rel="nofollow">http://www.rollingstone.com/politics/blogs/taibblog/why-wall...</a>

The deleverage of the banks caused by the new rules will not eliminate Wall Street risk taking. As the article states many of the top proprietary trading desks are already moving to Private Equity and Hedge Funds. This will only serve to hide the risk taking from the scrutiny of the public eye. Despite the recession there are billions of dollars looking for an above market return.<p>Through Private Equity and Hedge Funds Wall Street will find a way to meet this demand. It will simply adapt itself to the new rules, finding new ways to take new risks.<p>Greed will always find a way…

<p><pre><code> "And as the world becomes deleveraged, money has been pouring out. In October 2011 alone, hedge funds saw $9 billion go out the door." "Over 1,000 funds have closed in the past year and a half." </code></pre> I guess that means the "VC bubble" is only going to grow over the next few years, huh?

Just give me some interesting data to work with, and I would gladly come to work for any of these firms for $125K flat salary just to get into the place.