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- Jul 15, 2005
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Re: Mark Ruffalo and Tom Morello launch Robin Hood tax plan to outlaw Wall Street exc
Vance, do you seriously think most people (investors) knew about deriatives and credit default swaps, and how risky they were? Of course not. After all, when you have Standards and Poors to tell you otherwise, then one feels much more assurance. Some people invest in Wall Street and others run Wall Street. There is a big difference. It was the ones that ran the show that ****ed up everything that we all have been bitching about the last few years.
(I really strongly recommend you want the Frontline piece. It's excellent journalism.)
I truly wish that 'Wall Street' would do you the favor that you so richly demand and shut down. Completely shut down. Lets say...2 months. Maybe 6. Give you what you want. Watch how well that goes over.
You think corruption only occurs on Wall Street or with bankers (and BTW...'Wall Street'...you know how many people are employed there, right)? You know how many are middle income people busting their ass working very hard to make a living, right? You know how many investors are middle income private investors and how many individuals have life savings and retirement accounts tied up there, as well as how many politicians...conservatives and democrats alike are enmeshed with 'Wall Street', right? Saying 'Wall Street' is like saying 'white people' or 'black people' or 'democrats' or 'republicans'.
Fix corruption...by all means. Start with DC. Hell...start with the current administration.
Vance, do you seriously think most people (investors) knew about deriatives and credit default swaps, and how risky they were? Of course not. After all, when you have Standards and Poors to tell you otherwise, then one feels much more assurance. Some people invest in Wall Street and others run Wall Street. There is a big difference. It was the ones that ran the show that ****ed up everything that we all have been bitching about the last few years.
(I really strongly recommend you want the Frontline piece. It's excellent journalism.)