Alarm bells went off in the financial services industry with the onset of the subprime mortgage fiasco in 2007 and the subsequent collapse of Bear Stearns in March of this year. More recently, with the failure of Lehman Brothers, the takeover of Merrill Lynch by Bank of America, the failures of AIG and Washington Mutual, and the shopping around of Wachovia, the industry has taken one body blow after another. One result is a hemorrhaging of jobs. The American economy as a whole lost 159,000 ...

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