Still mad at Wall Street? (bankruptcy, capitalism, 2013, pension) - Economics - City-Data Forum

80skeys · 03-19-2013, 03:58 PM

POLL: Are people still pissed off at Wall Street for ruining a good thing for the rest of us, or has the anger simmered down?

On a related note, there's a humorous little book called Gents with No Cents by Ron Dellege II. An enjoyable, although sadly true, account of some of the shenanigans of Wall Street.

skinnayyy · 03-20-2013, 08:32 AM

What do you mean ruining a good thing for the rest of us?

As I feel everyone is partially to blame (some more than others) I can't be mad at wall street.

mathjak107 · 03-20-2013, 11:21 AM

I agree, it was the publics greed that caused a lot of it . Wall street created un-tested products to try to keep up with the public demand for yield.

gwynedd1 · 03-20-2013, 12:26 PM

Yeah I guess the lying and swindles was no big deal. Being born stupid is one thing, but being stupid to the grave is another.

Malloric · 03-20-2013, 01:09 PM

Not really, never was. I'm more mad about the bailout of wall street which was wasted tax payer dollars and moral hazard.

skinnayyy · 03-20-2013, 01:26 PM

Quote:

Originally Posted by Malloric

Not really, never was. I'm more mad about the bailout of wall street which was wasted tax payer dollars and moral hazard.

Oh you mean the money that they're paying/payed back with interest?

are you also mad at the bailout of the auto industry?

Malloric · 03-20-2013, 02:38 PM

Quote:

Originally Posted by skinnayyy

Oh you mean the money that they're paying/payed back with interest?

are you also mad at the bailout of the auto industry?

The True Cost of the AIG Bailout | The Big Picture

Of course I'm mad at the bail out of the auto industry. It should have gone through bankruptcy like any other business. Failure is an integral part of capitalism.

treasurekidd · 03-20-2013, 03:17 PM

Mad at them? Heck NO! I've made a significant amount of money off of their market meltdown. Hate, 'em? I LOVE 'em!

mathjak107 · 03-20-2013, 04:28 PM

me too. as they say if you can't beat em ,join em.

never forget 80% of the market is owned by us through our mutual funds and pension funds.

my only regret is i did not take even more advantage of the plunge.

NJ Brazen_3133 · 03-20-2013, 10:19 PM

I'm just jelly