...Read the comments at the end of the Gartmann post. Is the same on the others over on BI
I don't think the angry idiots realize what they asking for...
What is most amazing, are populist angry idiots living in NYC or the general region who are repeating this rehashed class war crap
This might be like people living in Saudi Arabia, demanding the government shut down the oil industry because they are too profitable, and oil prices sometimes go down and rock the economy
Of course, I liked it better when the US had a diversified manufacturing economy, when New York City was home to many industries...but those days are long gone. It sure stinks when a place has become a one-industry town, but doesn't anyone realize they aren't going to improve their lot or anyone else's, by taking moves that effectively risk shutting down that one industry? What then, sparky?
Will the bread lines be any shorter after a stock market crash? Will your income go up if the big banks go out of business, or take their proitable divisions out of the US to so you don't have to look at them anymore?
The business of Wall Street is profit. Anyone reading these words on Investment Hub, and who trades the market, must have the same goal of profit, or they're in the wrong place. If you like your own profit, but don't like other people's proit, then you've got to sort out the cognitive dissonance inside yourself.
Meredith Whitney says this gargoyle will pass, and it will be ugly for banks. Judging from Mayor Bloomberg's reaction, he agrees with me it will be ugliest for New York City
Shut down the bank's profit centers they say? This reminds me of Daffy Duck, when he keeps repeating: "I DEMAND YOU SHOOT ME NOW!"
Can I say it again? I am so glad Ash is no longer at Bloomberg or in New York City. And, if we are where we are right now, it was NOT an accident.
_______________________________________________________ If you take anything I say as advice, you're crazier than I am.