2001	2002	2003	2004	2005	2006	2007
	Corporate profits with inventory valuation and capital consumption adjustments	767.3	886.3	993.1	1,231.2	1,447.9	1,668.5	1,642.4
	Domestic industries	597.6	730.5	827.7	1,037.8	1,208.5	1,401.0	1,297.8
	Financial 1	240.4	301.1	335.6	356.2	407.1	462.1	429.7
	Nonfinancial	357.2	429.4	492.1	681.6	801.4	939.0	868.1

Financial Services accounted for as much 40% of all U.S. Corporate Profits in recent years!

The above excerpt is from the Department of Commerce, Bureau of Economic Analysis website HERE. Overall the sector has averaged 40% throughout the decade.

This is a disturbing statistic to me, considering that much of the sector is not fundamentally creating value - and as we have recently seen it could be argued the sector destroys value. This is a rise from approximately 10% in the 1980's.

HERE is another interesting Wall Street Journal article relating to this trend.