What's Hot on Wall Street

The $0 bonus? Yes kind readers in Bloggerland, the $0 bonus meme is gathering steam.

Earlier this week there was a report about how there could be virtually no bonuses this year, as more and more analysts expect the banks to come out with a quarterly loss.

And now? Charlie Gasparino says that at Morgan Stanley (which the market is deeming a wreck this days), CEO James Gorman is telling some executives that there won't be any bonuses at all this year.

Of course these are just early rumblings, and won't apply to everyone at either place. But obviously for many it will time to check in at Heartbreak Hotel. Well, at least protesters at OccupyWallStreet should be pleased.

Read more at http://www.businessinsider.com/whats-hot-on-wall-street-the-0-bonus-2011-10