<p>I wouldn't count on the "road to riches" through IB returning anytime soon:</p>
<p>Quoting from the article:</p>
<p>"As bank holding companies, the two banks [Goldman Sachs and Morgan Stanley], whose shares have lost about half their value this year, will have to reduce the amount of money they can borrow relative to their capital. </p>
<p>That will make them more financially sound but will also significantly limit their profits. Today, Goldman Sachs has $1 of capital for every $22 of assets; Morgan Stanley has $1 for every $30. By contrast, Bank of America’s has less than $11 for every $1 of capital."</p>
<p>I'd say the gravy train is over folks.</p>