This isn't because Wall Street CEOs are lazy, or stupid. It's because they are trapped. The Wall Street CEO can't interfere with the new new thing on Wall Street because the new new thing is the profit center, and the people who create it are mobile.
In particular, its portfolio of Treasury securities has declined from a peak of $791bn last summer to $581bn. There has been an increase in loans outstanding to financial institutions.
Bloomberg.co.jp: 日本: 米欧協調でリスク投資復活もサブプライム懸念残る－ＳＧ銀・斎藤氏
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An Anomaly in Fed Funds Trading
Chance This Is The Bottom? Zero.
http://www.businessweek.com/magazine/content/08_15/b4079024463824.htm