[quote=SK in CV] Wall Street, that sucks more than a trillion dollars a year out of the economy while providing absolutely nothing, is.[/quote]
Do you really believe Wall Street provides absolutely nothing to the US economy? That’s a bit extreme. How about the liquidity/capital they provide for companies to grow, expand, invest, and hire employees in the US? Or the role it plays in providing/facilitating the incentive necessary (big IPO pay outs) to encourage risk taking by entrepreneurs pursuing the next “big idea”.
Do you see any value in your high speed internet connection? Guess what?? — your telecom provider relied on that “dirty” Wall Street money to fund the capex necessary to bring it to you.
The view that Wall Street provides “absolutely nothing” in value sounds like a Bernie Sanders-ish liberal talking point. Do you propose we nationalize the banking industry and give the government full control and discretion over which companies/technologies we invest in? How’d that work out for Solyndra and the $500M+ taxpayer guaranteed loan?
