Average annual payroll increases in jobs outside Wall Street rose a healthy 8 percent, he said.
As the stock market rose and these firms made out like bandits, few outside Wall Street shared in their enormous wealth.
He also said that there might be other indications that investors were looking outside Wall Street, until things settled down.
He had been working for Stephens, Inc., then the largest bond house outside Wall Street.
While not well known outside Wall Street, Freddie Mac is one of the world's largest financial institutions.
"Without investments by foreign banks in areas outside Wall Street and midtown Manhattan, we are going to come up short," she said.
Steven A. Cohen may be the most successful - and wealthiest - hedge fund manager that no one outside Wall Street knows.
Most people outside Wall Street do not know him.
To those of us outside Wall Street, Bud's rise to the top looks remarkably easy and is, essentially, not very dramatic.
But if not illegal, Mr. Cramer does agree that some of his methods may raise eyebrows outside Wall Street.