A year ago, Lehman Brothers, AIG and Merrill Lynch were going up in flames, while bankers and business school students gawked in horror.
Thousands of jobs were lost in the autumn of 2008 and the winter of 2009, as just about every firm slashed headcount, some very dramatically.
On top of that, Washington politicians piled on by decrying fat bonuses and a Compensation Czar was named to keep tabs on greed and excess.
Now, in the fall of 2009, all seems quiet and calm and there are growing signs that greed is poised to make a comeback.
While most financial firms are being cautious about hiring, some of the more successful banks are staffing up and making sure that their stars are getting compensated well.