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To: from occupied ga
the whole financial industry creates wealth by organizing capital. However, this activity can easily be moved anywhere as for example offshore banks and the NASDQ.

The move could happen, but it certainly would not be easy. The economic disruption that would occur (around the world, not just in the US) if NY's financial industry was shut down or forced to move cannot be overestimated.

There's a very real reason why Al Qaeda counts the NYSE and the rest of NY's financial industry as a top target.

100 posted on 01/18/2005 7:18:15 AM PST by Modernman (What is moral is what you feel good after. - Ernest Hemingway)
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To: Modernman
The economic disruption that would occur (around the world, not just in the US) if NY's financial industry was shut down or forced to move cannot be overestimated

Shut down yes would be very disruptive. Just moved to Florida or Texas because the labor market and office space and cost of living are cheaper? Not disruptive at all.

104 posted on 01/18/2005 7:24:56 AM PST by from occupied ga (Your government is your most dangerous enemy, and Bush is no conservative)
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