Financial Sector Shrinkage Good?
noodle: its a multifaceted problem.  while the financial services firms multiplied, yes, it is also a byproduct of the fact that the global pool of money also grew by a similar factor over that time period.the things that the institutions did to break the economy were definitely bad, with their poorly planned investment vehicles, but i don't think that the number of firms reflects anything beyond the existing wealth.  there became enough money and interest to support more firms.