How Wall Street lost a bundle - A bad bet may lead to more than $100 billion in losses

"By now, it's clear that Wall Street heard the message, but wasn't heeding it. Risk-taking went unabated for much of the year. Now, Wall Street is in the process of paying out $145 billion in bonuses, 18% more than was paid in 2008 and slightly more than was doled out in the record bonus year of 2007. See WSJ report on Wall Street bonuses."

article: http://www.marketwatch.com/story/how-wall-streets-biggest-trade-went-awry-2010-01-19