Posted on 05/13/2013 10:11:18 AM PDT by 1rudeboy
A “resurgent Wall Street”, hm?
The question is, how does The Street lure back the small investors? Because they sure ain’t buying stocks like they used to!
Should this be titled “Wall Street is Back”, or “Big Daddy Government is Now Sleeping on the Couch!”
“Wall Street,” in the context of this column, means “investment banking.” It’s a little surprising that few people get it.
It’s amazing what $20 trillion or so in taxpayer money can do.
$20 trillion? Wow, talk about inflation.
” Should this be titled Wall Street is Back, or Big Daddy Government is Now Sleeping on the Couch!”
Goldman Sachs i.e. The White House, is doing fine, so all is well : )
Watch this video-”electronic run on the banks”-Kanjorski-2009.
https://www.youtube.com/watch?v=pD8viQ_DhS4
At about the 2:15 point in the video, Kanjorski talks about a “tremendous draw-down of money market accounts”-550 BILLION dollars, in less than an hour.
Remember when Hussein and McCain came back from the campaign trail when this happened?
Pres. Bush looked scared to death, McCain looked very concerned, and Hussein looked bored. (thanks, soros-fool us once...)
Someone is trying to bait the little guy back into the market—NONE for me!
Sell! Sell! Sell!
We do want big players to be healthy, but we don’t want it at the expense of the average Joe. And as for as U. S. Government investments in Wall Street, hell no.
Wall Street is back? Did it bring back my money?
This whole idea of an 'investment banker' on 'Wall St' is a crock. In real life the term 'investment banker' can refer to anyone working in the capital markets, but in the Economist/loony-left/Obamafaction world it's the evil exploiting pin stripe capitalist yadda yadda. Even the idea of a Wall St. is bogus. OK, so maybe 50 years ago something actually physically happened there but capital markets have long since gone electronic; even the NYC financial offices have moved uptown. All that's left on south Manhattan is the image:
What toxic debt?
Taxpayer money? Where?
That was funny. And inaccurate.
The Economist was always squishy. In the recent past, it has become more so. I agree. I still look in on it now and then.
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