Who needs wall street innovation

[UCGal]

[quote=dbapig][quote=afx114]Kiva.org is innovation.[/quote]

True but is it really a Wall Street innovation or Tech innovation? It’s more of a tech innovation, aka internet.

You cannot really say ‘Wall Street’ and ‘Kiva’ in the same sentence.[/quote]

One involves macro financing. One involves micro financing.

One involves pooling debt into traunches and converting them to investment vehicles like MBS and CDOs… The other involves pooling small lenders to make loans to very small borrowers – to change the lives of the borrowers.

One is driven by people obsessed with profit and bonuses, the other is driven by people who quit their high tech jobs at Tivo, Broadcom, Ebay etc to start this microfinancing venture to do good.

There are comparisons – but they’re not very favorable to Wall Street.

[scaredyclassic]

i once worked on wall street as a college student temping. I was paid way too much money in overtime. For some reason I purchased a tie that was super expensive, maybe $50, this was in the early 80’s. i probably should have stuck around. I left, but i still have the tie, amazingly.

[scaredyclassic]

i once worked on wall street as a college student temping. I was paid way too much money in overtime. For some reason I purchased a tie that was super expensive, maybe $50, this was in the early 80’s. i probably should have stuck around. I left, but i still have the tie, amazingly.

[scaredyclassic]

i once worked on wall street as a college student temping. I was paid way too much money in overtime. For some reason I purchased a tie that was super expensive, maybe $50, this was in the early 80’s. i probably should have stuck around. I left, but i still have the tie, amazingly.

[scaredyclassic]

i once worked on wall street as a college student temping. I was paid way too much money in overtime. For some reason I purchased a tie that was super expensive, maybe $50, this was in the early 80’s. i probably should have stuck around. I left, but i still have the tie, amazingly.

[scaredyclassic]

i once worked on wall street as a college student temping. I was paid way too much money in overtime. For some reason I purchased a tie that was super expensive, maybe $50, this was in the early 80’s. i probably should have stuck around. I left, but i still have the tie, amazingly.

[Arraya]

Wall Street is a financial meth lab the got the whole country hooked on speed and now is time for the come down. The pushers are still pushing their crap but now it does not give the same rush and in fact, is starting to do damage.

If you go look at one of those anti-meth before/after posters it should be similar with the face of america in years to come.

There are many municipalities taking out debt at 5-7% interest and betting on the stock market. We doomed.

[Arraya]

Wall Street is a financial meth lab the got the whole country hooked on speed and now is time for the come down. The pushers are still pushing their crap but now it does not give the same rush and in fact, is starting to do damage.

If you go look at one of those anti-meth before/after posters it should be similar with the face of america in years to come.

There are many municipalities taking out debt at 5-7% interest and betting on the stock market. We doomed.

[Arraya]

Wall Street is a financial meth lab the got the whole country hooked on speed and now is time for the come down. The pushers are still pushing their crap but now it does not give the same rush and in fact, is starting to do damage.

If you go look at one of those anti-meth before/after posters it should be similar with the face of america in years to come.

There are many municipalities taking out debt at 5-7% interest and betting on the stock market. We doomed.

[Arraya]

Wall Street is a financial meth lab the got the whole country hooked on speed and now is time for the come down. The pushers are still pushing their crap but now it does not give the same rush and in fact, is starting to do damage.

If you go look at one of those anti-meth before/after posters it should be similar with the face of america in years to come.

There are many municipalities taking out debt at 5-7% interest and betting on the stock market. We doomed.

[Arraya]

Wall Street is a financial meth lab the got the whole country hooked on speed and now is time for the come down. The pushers are still pushing their crap but now it does not give the same rush and in fact, is starting to do damage.

If you go look at one of those anti-meth before/after posters it should be similar with the face of america in years to come.

There are many municipalities taking out debt at 5-7% interest and betting on the stock market. We doomed.

[Anonymous]

Innovation is a ruse to contrive so-called investments that only create fees for the contrivers – at the expense of capital formation for our economy. All the innovation is mathematically designed to provide unexplicable leverage at the expense of anyone left holding the empty bag of nothing – which taxpayers backed up with TARP and FDIC money. So all the claims of collateral were LIES! And these lies were not disclosed. Congress needs to appoint a special prosecutor to investigate for 10b-5 violations of existing SEC regulations and become better acquianted with over 1500 page of Bank Holding Co. regulations which prohibit the sale of securities that are “too complex to explain.” Go to my blog at: http://www.howwegotswindled.blogspot.com to understand that my new book, “How We Got Swindled by Wall Street Godfathers, Greed and Financial Darwinism” fully exposes the context and the culprits which nuked our economy and caused so much devestating financial tragedy for so many of our fellow Americans – who are clinically referred to as 17% unemployment! Further my book and my blog expose the real root cause!!!!

[Anonymous]

Innovation is a ruse to contrive so-called investments that only create fees for the contrivers – at the expense of capital formation for our economy. All the innovation is mathematically designed to provide unexplicable leverage at the expense of anyone left holding the empty bag of nothing – which taxpayers backed up with TARP and FDIC money. So all the claims of collateral were LIES! And these lies were not disclosed. Congress needs to appoint a special prosecutor to investigate for 10b-5 violations of existing SEC regulations and become better acquianted with over 1500 page of Bank Holding Co. regulations which prohibit the sale of securities that are “too complex to explain.” Go to my blog at: http://www.howwegotswindled.blogspot.com to understand that my new book, “How We Got Swindled by Wall Street Godfathers, Greed and Financial Darwinism” fully exposes the context and the culprits which nuked our economy and caused so much devestating financial tragedy for so many of our fellow Americans – who are clinically referred to as 17% unemployment! Further my book and my blog expose the real root cause!!!!

[Anonymous]

Innovation is a ruse to contrive so-called investments that only create fees for the contrivers – at the expense of capital formation for our economy. All the innovation is mathematically designed to provide unexplicable leverage at the expense of anyone left holding the empty bag of nothing – which taxpayers backed up with TARP and FDIC money. So all the claims of collateral were LIES! And these lies were not disclosed. Congress needs to appoint a special prosecutor to investigate for 10b-5 violations of existing SEC regulations and become better acquianted with over 1500 page of Bank Holding Co. regulations which prohibit the sale of securities that are “too complex to explain.” Go to my blog at: http://www.howwegotswindled.blogspot.com to understand that my new book, “How We Got Swindled by Wall Street Godfathers, Greed and Financial Darwinism” fully exposes the context and the culprits which nuked our economy and caused so much devestating financial tragedy for so many of our fellow Americans – who are clinically referred to as 17% unemployment! Further my book and my blog expose the real root cause!!!!

[Anonymous]

Innovation is a ruse to contrive so-called investments that only create fees for the contrivers – at the expense of capital formation for our economy. All the innovation is mathematically designed to provide unexplicable leverage at the expense of anyone left holding the empty bag of nothing – which taxpayers backed up with TARP and FDIC money. So all the claims of collateral were LIES! And these lies were not disclosed. Congress needs to appoint a special prosecutor to investigate for 10b-5 violations of existing SEC regulations and become better acquianted with over 1500 page of Bank Holding Co. regulations which prohibit the sale of securities that are “too complex to explain.” Go to my blog at: http://www.howwegotswindled.blogspot.com to understand that my new book, “How We Got Swindled by Wall Street Godfathers, Greed and Financial Darwinism” fully exposes the context and the culprits which nuked our economy and caused so much devestating financial tragedy for so many of our fellow Americans – who are clinically referred to as 17% unemployment! Further my book and my blog expose the real root cause!!!!

[Author]

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