Wall Street

Wall Street is a synonym for the financial district of New York where greed is good; make that wonderful and, of course unlimited; where Mammon is the god. Mammon is also included in the seven princes of Hell.

Clinton Set Up Finance Crisis
In fact he was not the only villain in the piece, far from it. He might even have done it inadvertently. He certainly had top level advice from what were in fact perpetrators in their own right. I decline to believe that the Jew, Greenspan is not guilty as Hell.

 

The Big Short - Inside the Doomsday Machine - an excerpt is at Betting on the Blind Side
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Based on reading Michael Lewis Liar's Poker and Moneyball, I wondered whether The Big Short would prove to be entertaining and informative. If you've read some of Lewis' books, you might agree that the "entertaining" part would seem to be a reasonably safe bet. It turns out, it is. The Big Short is fast-paced, straightforward, conversational and salty--very much like his earlier works. Indeed, if you didn't know Michael Lewis had written this book, you could probably guess it. It is easy reading and very hard to put down. In short (no pun), The Big Short doesn't disappoint in being entertaining........

How informative is the book? Well, it may seem that Lewis has his work cut out for himself, since the events of the recent financial crisis are already well known. More than that, lots of people have their minds made up concerning who the perps of the last few years are............. In describing what led up to the darkest days of the crisis, Lewis does a good job helping the reader to see how the great financial storm developed. All in all, this is an informative book.
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Michael Lewis was on the inside in Wall Street. He knows what he talking about and lets us, the little people know. Greatest Trade Ever Behind the Scenes is also recommended.  I might even buy this one. It is that good. It should be available from your friendly local library. If not pester them to get it for you.

 

Wall Street
The Wikipedia explains all - well, quite a bit. It manages to skate over some of the uglier aspects.

 

Wall Street and the Bolshevik Revolution
Wall Street financed the Bolshevik Revolution. Believe it or believe it not; It is true. Both sides of the matter profited and that is the way they like it. If you don't think that is politics in action it is time to rethink.

 

Wall Street Helps Bolsheviks
Convincing the American government to use the army, supplying guns ammunition, money to help revolution is very capitalist if the objective is a captive market.

 

Bonus Bandits On Wall Street Paid Themselves  $18.4 Billion [ 29 January 2009 ]
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Despite crippling losses, multibillion-dollar bailouts and the passing of some of the most prominent names in the business, employees at financial companies in New York, the now-diminished world capital of capital, collected an estimated $18.4 billion in bonuses for the year......... While the payouts paled next to the riches of recent years, Wall Street workers still took home about as much as they did in 2004, when the Dow Jones industrial average was flying above 10,000, on its way to a record high. Some bankers took home millions last year even as their employers lost billions. 
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To be fair little Mr Madoff stole even more and he still out on bail while other, lesser thieves are in prison. Remember that Eliot Spitzer was doing something about Wall Street crime then suddenly he was out of it. Eliot Spitzer Was Screwed for a reason. He was too honest in spite of being a Jew.

 

Greed Returns To Wall Street, Bankers Pay Hits Record $144 Billion Despite Financial Crisis [ 13 October 2010 ]
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Greedier than ever: Wall Street bankers to pocket record-breaking $91 BILLION just two years on from financial crisis
Wall Street firms will hand out £91billion in salaries, bonuses and perks, according to research published yesterday. The payouts – 4 per cent up on last year and 24 per cent up on 2006 – come just two years after the collapse of Lehman Brothers and the near meltdown of the financial system. A pay report by America’s Wall Street Journal shows that 26 of the U.S. financial centre’s leading 35 firms are planning to increase pay this year – even though one in ten Americans is jobless and a second recession is possible.......

Workers in the Square Mile are expected to share a bonanza windfall of some £7billion this year, rising to­ ­£10billion by 2014, according to the Centre for ­Economics and Business Research.
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It beats working for a living. Play for a few years then walk laughing. Why bother when you have more money than you can spend?