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Wall Street sees no exit from financial woes as bankers fret

China Daily | Updated: 2011-10-13 07:49

NEW YORK - Wall Street executives, facing demonstrators camped for a fourth week in New York's financial district, say they're anxious and angry for other reasons.

An era of decline and disappointment for bankers may not end for years, according to interviews with more than two-dozen executives and investors. Blaming government interference and persecution, they say there isn't enough global stability, leverage or risk appetite to triumph in the current slump.

"I don't think it's a time to make money - this is a time to rig for survival," said Charles Stevenson, president of hedge fund Navigator Group Inc. "The future is not going to be like a past we knew," he said. "There's no exit from this morass."

Wall Street sees no exit from financial woes as bankers fret

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