Okay, maybe suffering isn't the best word to describe the positions of investment bankers at Bank of America and other Wall Street financial institutions. For most of us, a 25% pay cut would be pretty painful. The investment bankers at BOA were told to expect lower compensation packages by as much as 25 percent.

The Charlotte, North Carolina-based company reported earnings of $2 BILLION for the last 3 months of 2011, up from a net loss of $1.2 billion in the same period a year ago.

BOA's CEO Brian Moynihan revealed during a conference call last week that the failed plan to impose a $5 debit card monthly fee contributed to a 20 percent increase in closed BOA accounts in the last quarter of 2011.

Much of the BOA earnings for the last quarter of 2011 were the proceeds of the sale of China Construction Bank. Compensation figures weren't released for Bank of America execs, but the numbers are still in the 7 and 8 figure range, even after taking a 25% cut.

So the men and women who helped your 401k evaporate are still getting paid millions to lose truckloads of money. But at least they are sharing some of our pain, right? If they need to downsize their yachts, I have a fine vessel for sale for a good price. Paddles sold separately.