<p>I agree. Money obviously helped attract the talent. With the promise of huge bonuses now in jeopardy, we can assume that many very talented individuals who were once sold in IBanking will now seek other career paths. But we should also consider that there is a very good likelyhood that IBanks will have to recruit far fewer people in the coming years, so even if the supply of talent for IBanking jobs declines, so will the demand from IBanks for new recruits. I don’t think IBanks will have to lower their standards, and, given the likely drop in applicants and openings, they will be able to screen their candidates far better for fit and for ethical behavior and team-playing attitudes.</p>