I can't give you details of what goes on in the bank, all I can say is that volumes at the department where I worked when down by 60% after 0bama came in and passed stimulus. (Last day of work, May 1)
Now, that may just be a thing where something happened in order, but that does not mean that what happened first caused the second. What I saw from the inside was a mild slip and then a crash in late february in terms of volumes.
It is true lots of other things were going on too. The bank is automating like crazy. But the level of work is way down. and it remains down. He said it would never get to this position, but it only got worse.
I still say that 0bama compounded the situation. And I am going to take advantage of the legislation that I think was stupid at the time, counterproductive, and is making things worse as day chases day. But I lost because of it, so I am going to take every advantage I can.