There was a time when Wall Street was a good thing, a way to connect

[WCGreen]

investors with innovators.

Well, the only innovation that, looking back, I see is nothing but intricate financial products designed to make money out of air.

We use to invest in people, ideas, production.

But now, where are all the start ups in all this crap that was passing for "investments" over the past 15 or so years...

Hopes wish and dreams and a get rich quick mania that surged through the country and drowned innovation and production.

This generation of mine, nurtured and protected by the greatest generation, has fallen flat, and to use "Wall Street" terminology, underperformed.


I noticed the last sentence did not make sense...

[ixion]

1. Wall St., rotten to the core, brought about it's own downfall

and they can take a flying f**k at the moon, for all I care.

[WCGreen]

2. It the way I look at it..

Like it or not, there has to be an easy way to connect investors with innovators in a capitalistic society.

The markets work reasonably well when reasonable people are involved.

But reason disappears when ever get rich quick mania sweeps the country.

We need to prosecute the people who were responsible for destroying the economy.

They set it up, bled it dry, and then walked away richer than rich can be...

[ixion]

3. There may have been brief periods when they performed that service

but for the most part it's always been about greed, and ripping off innovators rather than connecting them to investors, in my opinion.

[WCGreen]

4. If that was always the case, then we would not have had the spurts

of growth and innovation that brought us to the top, warts and all.

A lot of good was embedded with all that greed.

And there has been relentless greed, it's a base human trait, I believe.

But dreamers still dream.

It just seems that lately, they have been dreaming up scams by tinkering around the edges.

Don't forget that the computer you are using to access the Internet so that we can communicate our ideas was enhanced and let free because of the market place.

[banned from Kos]

5. Wall St is simply the trading of equity/debt securities - Damn!

It will always be here and its often sleazy - but it MUST exist.

Hell, China and Russia have huge exchanges now.

Its permanent - now impose the regulations we have.

[WCGreen]

6. Enforcement goes a long way...

If they would just throw the book at those who brought us here, perhaps that would disway this type of activity from happening again.