Despite disclaimers, the Obama Administration is moving forward to “nationalize” and increase micromanagement of the financial sector.

The “capping” of salaries and bonuses is destroying the tax base and encouraging talented people to abandon the industry.

Financial centers like New York are bleeding seriously from the financial meltdown and now getting slammed against the wall by capped salaries and bonuses.

Another “unintended consequence” will be more financial institutions abandoning the USA resulting in job losses and further deterioration of the tax base.

The targets are being given conflicting directives and signals and slowly coming to a halt.

At the present time the financial system is in chaos and the Federal tweakers are making sure it stays that way!