Today, a couple of big Wall Street firms announced another round of cuts:
- Citigroup plans to slash 11,000 jobs and close branches worldwide as part of a broad restructuring effort it hopes will save about $1.1 billion in expenses,
- JPMorgan Chase became the latest Wall Street firm to scale back in an uncertain economy, announcing plans Tuesday to save $1 billion through various costs cuts and about 4,000 job reductions.
- Goldman – which has already let 3,300 employees go worldwide in the past two years – announced another round of layoffs to cut costs by a cool billion dollars
OK, so 3 companies are cutting over $3 billion in expense.
No gnashing of teeth ,,, no “the sky is falling”
Just “times are tough … we’ve gotta do it.”
No so on the Sequester front … apparently the torch has officially been passed from the 12-21-12 Doomsday crowd to Team Obama …

Today was another day of .hysteria … and silly rhetoric.
Allegedly, Obama said that – because of the Sequester – an already closed agency would have to be shuttered.
Say, what?
And, here’s the gem of the day …
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