Thank you Dodd-Frank! The employment levels are never returning for the financial services industry, unlike past recessions in the industry. When the difficult times end, watch carefully for job growth in other parts of the world. The financial services industry will move to escape the clutches of Dodd-Frank. Tens of thousands of great jobs will be lost and never created again in the US.
Everyone of these banks got TARP money. Where did it go? Oh, yeah. In the pockets of Bush’s and Paulsen’s and obama’s and Frank’s and Dodd’s buddies.