Friday, April 16, 2010

On Main Street, Wall Street's Big Profits Seem Like Bad Manners


By Tomoeh Murakami Tse
Washington Post Staff Writer
Friday, April 16, 2010; 9:43 AM

NEW YORK -- Any other year, blockbuster earnings would be something to brag about.

But this is a precarious moment for Wall Street, as Congress buckles down on its efforts to pass a financial regulatory bill that could erase billions from the bottom lines of big banks.

"It's got to be mixed emotions -- like your teenage daughter coming home at 3 a.m. with the Gideon Bible," said A. Gary Shilling, former chief economist at Merrill Lynch and president of an investment management and economic consulting firm.