How nice it would be if the 99 percent had never heard of Wall Street ? perhaps if it didn?t exist at all.
There would be no need to be jealous of your college classmates? $10 million paydays while you majored in sociology. No egg on your face if, as a hot-shot investment manager, you had poured $100 million of widows? and orphans? money into securities called collateralized debt obligations that you didn?t understand. There would be no collapse in the value of the home you bought in 2005. Several million people who lost their houses to foreclosure might still be proudly mowing their lawns. And your retirement savings would not be shattered because of all those high-flying technology firms that your mutual funds bought back in the 1990s.
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Source: http://feeds.washingtonpost.com/click.phdo?i=f570ecfb8ae89ce1d9df74679062c1b1
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