You fail to address human greed. On Jan 31, 6:15 pm, studio <[email protected]> wrote: > On Jan 31, 6:57 pm, studio <[email protected]> wrote: > > > On Jan 31, 6:25 pm, rigsy03 <[email protected]> wrote: > > > > The fact is Wall Street is what it is, studio. > > > You seem to think Wall Street acts autonomously... > > they do not. > > As a matter of fact, it could be argued that Wall Street > > is asking for government to step in. > > And that's what it's boiled down to; they are. > > Let me give you a little history to ponder... > > When Wall Street first came in existence and people bought > shares of companies in hopes they would grow and give a return > on their money. > > Following me so far?...it won't take long. > > Since there was no regulation, other people set up shop outside > Wall Street and took bets on whether a company would do well or not. > Thus if you placed a bet that a company stock price would or wouldn't > go up or down...you might win your bet and make money. > > This betting process proved more popular than actually buying any > stocks. > And the gamblers accepting bets made more money than the stock market > did! > > Upon seeing what was happening, Wall Street *asked the federal > government > to step in* and close the outside gambling down, as it did nothing to > create > legitimate wealth through companies working hard and accepting > investments. > > So you may say "Wall Street is what it is"...but it only exists > because the federal > government says it can. --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum
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