Wall Street vs. Main Street

[magman1]

It seems there is a lot of hostility to wall street from the average person....just looking for people's opinions and why

 

[75th]

Because people like to blame their problems on other people.

 

[jerseyrugger76]

Because people like to blame their problems on other people.

+1

Whenever the markets are trending lower or you hear phrases like "credit crisis" in the news, there will be hostility towards Wall Street, even though everyone says they understand that the prospect of losing money is part of the game.

 

[magman1]

It's funny these main street people who think Wall Street is a bunch of no-good, over-paid evil thieves....it's b/c of the i-banks that people could get money to buy houses, towns can get debt to improve, etc....it's the individuals fault when they fuck that up

 

[75th]

It's funny these main street people who think Wall Street is a bunch of no-good, over-paid evil thieves....it's b/c of the i-banks that people could get money to buy houses, towns can get debt to improve, etc....it's the individuals fault when they fuck that up

My job is literally just to make people money.

 

[binö]

i hate wall street cause geo bush owns it!@

 

[javaguru]

It seems there is a lot of hostility to wall street from the average person....just looking for people's opinions and why

Did you mention Wall Street...

 

[magman1]

i hate wall street cause geo bush owns it!@

Why do you say this? Two government sponsored entities are in danger of having their entire shareholder's equity wiped out, the housing / subprime mortgage crisis will possibly hand the whitehouse to a democrat just for the desire for "change" How does GW own wall street?

 

[mrplunkey]

Wall street hates black people.

 

[layinback]

i luv wall street

 

[jerseyrugger76]

It's funny these main street people who think Wall Street is a bunch of no-good, over-paid evil thieves....it's b/c of the i-banks that people could get money to buy houses, towns can get debt to improve, etc....it's the individuals fault when they fuck that up

Well, yes and no. Fannie Mae didn't need any help fucking itself over. And occasionally some people on Wall Street say things, or market products, to retail that they really ought not to (auction rate securities come to mind). But most people on the street aren't that conniving. They're just doing the best they can with the information they have at their disposal.

 

[goin on 4T]

Yeah well whenever there is money involved those bastards are going to get 99% of it. Ask me how I know. I was involved in both ends of WS public and private.

 

[magman1]

Wall street hates black people.

Yeah, the street really hated Stan "the man" O'Neil, $162million for turning one of America's great companies into a shit show

 

[Creepusmaximus]

It seems there is a lot of hostility to wall street from the average person....just looking for people's opinions and why

Always is when the street is making boat loads of money. Main reason is when they make boat loads of money the economy is in some sort of bubble. Bubble pops (not bubble butt, pick3) and the street is hated.