Now that we have no major manufacturing in the US we might as well get rid of the financial service sector aswell?
U.S. banks, hedge funds and other Wall Street firms are weighing whether to move more of their operations abroad now that Congress has toughened financial regulations at home.
The Volcker Rule, named for former Federal Reserve chief Paul Volcker, which prohibits banks from trading in financial markets for their own profit but not their clients' and limits bank investments in hedge funds and private equity funds.
If I won't/can't make a profit why be in business?
http://www.usatoday.com/money/indust...nks19_ST_N.htm