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

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.