...Like Britney Spears' IQ

President Barack Obama stated in an interview, "The financial sector will make up a smaller part of the U.S. economy in future." Many people in corporate America are not going to like that statement, labeling it socialism or communism.

The problem is, the massive fraud transpiring that has yet to be properly cleaned up by the Feds, with criminals still running loose committing financial crimes, has given critics ammunition to state this democratic system of finance does not work.

However, it can work, with proper governance, but it is a task Congress, the FBI and SEC simply are not up to and for all the wrong reasons.

Side Bar: I wonder if he ever gets mad that he's obtained the presidency at a time in history when the job's the hardest it's ever been with the most damage left behind from a former administration. It has to be somewhat upsetting for a person.

Obama says financial sector to shrink

Sat May 2, 2009 6:28pm EDT

WASHINGTON (Reuters) - The financial sector will make up a smaller part of the U.S. economy in the future as new regulations clamp down on "massive risk-taking," President Barack Obama said in an interview published on Saturday.

Obama, whose young administration has spearheaded a raft of reforms in the banking sector as part of efforts to tackle the financial crisis, said the industry's role in the United States would look different at the end of the current recession.

"What I think will change, what I think was an aberration, was a situation where corporate profits in the financial sector were such a heavy part of our overall profitability over the last decade," he said told the New York Times Magazine.

"Part of that has to do with the effects of regulation that will inhibit some of the massive leveraging and the massive risk-taking that had become so common."...

http://www.reuters.com