but while more job cuts could still be on the horizon for wall street, dinapoli says we're not likely to see the full extent of changes in the industry for at least another two years. >> wall street is an industry that is still transforming itself. we don't really know what the new normal is at this point, and i guess the one bit of good news, especially from a new york perspective, is that we saw healthier profits, bonus pool going up, and that certainly should help us in terms of revenues that the city and state were expecting from a tax perspective. >> reporter: whether you love or hate wall street, a lot of that bonus cash will most likely get pumped into new york's regional economy. ruben ramirez, nbr, new york. >> tom: jim senigal is the director of financial services at morningstar and joins us from a snowy blizzard chicago. is banking overemployed? >> i think to some extent it is. you know, i think it has been a really tough environment for the last few years. hard to make money with low rates and high credit losses. and banks are still dealing with the consequences of the fin