"The death of Wall Street has been a long-running, slow-motion crisis, barely discernible to participants who had still booked huge profits in recent years. Beneath the razzle-dazzle of trading desks and the wizardry of esoteric finance lay the inescapable fact that these firms had shed their original reason for being: providing capital to American business. "
http://www.nytimes.com/2008/09/28/opinion/28chernow.html
“Over time, the smart people will migrate out of the firm because commercial banks don’t pay out 50 percent of their revenues as compensation,”
http://www.nytimes.com/2008/09/28/business/28lloyd.html
"Power may shift in two other directions: abroad and, to a lesser extent, to boutique investment banks. "
http://www.economist.com/finance/displaystory.cfm?story_id=12305537
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