Depression/Recession times are good on Wall Street...
 

For all of you prophets of doom and/or economists, ... times are good for the folks on Wall Street and the great divide continues...

The rich get richer, and the bankers get more breaks while they capitalize on the underlings... Greed is good.

Wall Street Pay Heads Toward New High - WSJ.com

Re: Depression/Recession times are good on Wall Street...
 

It's ridiculous how disconnected the markets are from reality... propped up by your hard earned dollars.

Re: Depression/Recession times are good on Wall Street...
 

I've written this many times on this board, but I'm going to say it again...

It is time to banish public corporations and Wall Street from the American landscape. The only thing it provides for is a vehicle to transfer wealth to the wealthy.

It's become a cancer to this nation.

Re: Depression/Recession times are good on Wall Street...
 

Sounds like socialism to this casual viewer...

Re: Depression/Recession times are good on Wall Street...
 

...or at least you were "hoping" huh Darryl?:p

No, what I'm saying is that all companies should be privately held. God knows we don't want the gov't to own/control business.

When there are no longer any public corporations, then there is no need for Wall Street and all the dirty scum-bag excesses that go with it.

Re: Depression/Recession times are good on Wall Street...
 

I thought you were a free market guy, PR.

Where will people on invest under your scenario, or will they just horde cash?

Re: Depression/Recession times are good on Wall Street...
 

Prepare yourselves for the massive sell off that is coming as December 31st approaches, and the tax cuts are set to expire.

How are those bailouts working for the average joe right now? We pay trillions, and corps and banks make zillions. This is what started the Tea Party movement, and made it into what it is now.

Re: Depression/Recession times are good on Wall Street...
 

Investing and Wall Street has become a place where only those who understand micro-second trading and super-computer assisted analysis can prosper.

Free market doesn't mean "anything goes" and I support protection for the average American more than I do protection of "they system" or corporations.

If you look historically at Wall Street, we see the Dow going from 1,000 in the late 80's to 14,000 in 2007. A 1,400% increase! But what has happened to the middle class during the same period? We have less assets and less disposeable income as a percent of our earnings.

I really do believe Wall Street has been the channel from which wealth has transfered from those with less to those with more.

How is that a benefit to our society?

Either we get rid of Wall Street or transform it dramatically...in my opinion.

Re: Depression/Recession times are good on Wall Street...
 

PR, I wasn't implying that you should think anything goes, or that that should be the case, just that banning public companies seems to go squarely against the smaller govt approach you usually seem to adopt.

Re: Depression/Recession times are good on Wall Street...
 

I'm really confused by the statement... how does dissolving GSEs go against smaller govt?