Well now, did WallStreet just give away the way to collapse them? Women & youth are key?

[Lionessa]

Reuters: Wall Street needs women, younger clients to compete: Krawcheck

Wall Street must raise its appeal to the next generation of investors and female professionals to remain competitive in the wealth management industry, the former head of Bank of America's wealth management unit said on Monday.

The securities industry "doesn't do a great job for women or being appropriate" for the next generation, said Sallie Krawcheck, who was ousted as head of Bank of America's global wealth and investment management unit in September.

"We talk about stock market returns. We're not talking as an industry about protecting the downside," said Krawcheck, speaking at the Securities Industry and Financial Markets Association annual meeting in New York. (snip)


Younger prospective clients have become skeptical of the industry through press images of advisers being untrustworthy and repeated messages to avoid the markets, she said.(snip)

"press images of advisers being untrustworty." ??!?!?!?!?!?

Not because they have been proven to be untrustworthy, but because of press images?

Oops linky-poo: http://www.reuters.com/article/2011/11/07/us-krawcheck-sifma-idUSTRE7A649020111107

Here's to hoping women and youth stay wiser than old, white men.

[Bragi]

1. They no doubt are smarter than "old, white men"

I think we've earned our stature as dumbest fucks in the room.

[Lionessa]

2. Truly my main point was the comment about the "press image" as though

it wasn't reflective of the realities. Just couldn't resist the jab at the status quo folks who have primarily supported these ponzi schemes to date. Nothing personal, I promise.

[Bragi]

5. I accept your point

As someone who has unfailingly lost money on every investor ponzi scheme invented, why would I take it personally? I've grown so accustomed to having my earnings and savings pilfered all my working life, I barely notice it anymore.

:)

[Downwinder]

7. +1

If there is a choice to be made, I'll make the wrong one.

[Aerows]

3. I wouldn't advise anything but a cockroach to invest in Wall Street

Take your money to Vegas, instead, you will get a better rate of return.

[kestrel91316]

4. "Female professionals" will be an oxymoron if Wall Streeters get their way with

this country.

[LiberalAndProud]

6. Don't you have to have money to invest in order to become a client?

When every dime goes to daily subsistence and debt servicing, there aren't too many prospects for WS, methinks.

[Kaleko]

8. Wall Street has already collapsed

in the sense that all major financial institutions are being propped up by taxpayer's money across the globe.

I know this is hard to understand because the implications are too mind-blowing for most people to consider.

But listen to this: George Soros, who knows a thing or two about finances, likens the current threats to Europe and the United States to that of the dying days of the Soviet regime.


“Something similar is happening in the West,” Mr. Soros told Bloomberg Television. “You had a financial crisis (in 2008) where the market did actually collapse, but it was kept alive by the authorities. People don’t realize that the system has actually collapsed.”

- George Soros

[Aerows]

9. It has

HFT is the norm. That means you can't invest because you will be beaten to it by shorts and HFT OWNS the shorts.

[Kaleko]

10. For those not familiar with what HFT stands for -

it's high-frequency trading.

http://en.wikipedia.org/wiki/High-frequency_trading