Financial Hubs See an Opening Up at the Top Wall Street's Long, Dominant Run Is Fading: Global Financiers Say

The Washington Post reports:

Looking down from his building's 87th floor at the glittering signs of multinational banks along the river here, Fan Dizhao declared confidently that Wall Street's reign as the world's No. 1 financial hub is coming to an end.

The United States may be grappling with its worst economic crisis since the Great Depression, but these are go-go days in China.

You might say FDR's New Deal, with institutions like Fannie and Freddie,lead to America's financial decline.