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Yesterday, about 160 miles north of Wall Street, New York State Governor David Paterson said&amp;nbsp;investment banking bonuses will likely be as much as 20 percent lower this year versus 2007. &lt;p&gt;At a news conference in Albany, he also scoffed at economists who believe the U.S. will not experience a recession, saying, &quot;This has finally confirmed to me that flying saucers have landed and that people from outer space are in our midst, influencing policy.&quot; &lt;p&gt;I guess this&amp;nbsp;means that Kenneth D. Lewis, chief executive officer of the giant Bank of America, is also&amp;nbsp;an alien form according to Paterson, since the CEO recently went on record as saying, &quot;We don&#39;t see a prolonged, deep recession. We see sluggish growth the remainder of the year and then a pickup at the beginning of 2009.&quot; &lt;p&gt;Whether alien life forms are trying to infiltrate legislative bodies or not, it&amp;#8217;s likely to highly probable that, given the hits that most banks have already taken this year, bankers will encounter the close of 2008 with significantly lighter wallets.&lt;/p&gt;

Derek Loosvelt

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