Greed Is Good

See... Wall Street wants another interest rate cut to provide stimulus to, not the economy but, their bonus packages:

"And then there is self-interest. Wall Street traders and investment bankers are counting on drastic rate cuts to help make stock prices rise, says Albert M. Wojnilower, a consultant to Craig Drill Capital, a hedge fund. Rising stock prices, in turn, help lift year-end bonuses, which were relatively small this past year.

“It is easier for people on Wall Street,” Mr. Wojnilower said, “to cloak their personal desires in a national concern.”"

Go read the whole thing.

Update: What Wall Street wants, Wall Street gets! I feel so much better for those poor guys...