The financial sector will shrink if the Obama plan is put into completion. The new regulations are coming down on the massive risk taking.

Obama’s staff have spearheaded a host 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.