Already, 130,000 people have lost their jobs on Wall Street, and there’s still two more months to go, BusinessWeek Online reports. That’s well ahead of the record 116,000 who got the pink slip in 2001. By comparison, only 50,000 lost their jobs last year.

The subprime crisis and resulting credit crunch are certainly to blame, as 80% of the jobs cuts were announced in the last two months and most of the jobs are being eliminated at mortgage firms.

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