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.
during this regime, anyway.
I saw an article in IBD quoting the outgoing chairman of the American Bankers Association that Dodd-Frank, alone, "could result in 2.9 million fewer jobs being created" by 2015.