Where does Wall Street stand on bonuses?

Again, it's shocking that we have not yet heard across the board decisions to stop bonuses for 2008, but after all, this is Wall Street we're talking about. They received a lifeline courtesy of taxpayers and without the cash or cheap (free, really) loans they would have gone under and been left with nothing. But no, Wall Street is still trying to make up its mind. They're still not sure whether they ought to be shoveling out bonuses or not, as if nothing has happened.

Maybe they needed to see a few more Lehman Brothers or maybe we just need a few more Andrew Cuomos out there. Wall Street will gladly accept a few ego-bashing sessions in front of Waxman and the nightly news TV cameras if they can still keep the cash. It's those pesky legal letters from Cuomo that seem to cause the real pain, so in other words, send more of them. Public humiliation doesn't register with Wall Street but subpoenas do.