A Quote by Robert Reich
In truth, government has been good to Wall Street and big business.
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Wall Street owns the country. It is no longer a government of the people, for the people and by the people, but a government for Wall Street, by Wall Street, and for Wall Street. The great common people of this country are slaves, and monopoly is the master…Let the bloodhounds of money who have dogged us thus far beware.
The Tea Party grew out of indignation over the Wall Street bailout - an indignation shared by the vast majority of Americans. But the Tea Party ended up directing its ire at government rather than at big business and Wall Street.
Wall Street can be a dangerous place for investors. You have no choice but to do business there, but you must always be on your guard. The standard behavior of Wall Streeters is to pursue maximization of self-interest; the orientation is usually short term. This must be acknowledged, accepted, and dealt with. If you transact business with Wall Street with these caveats in mind, you can prosper. If you depend on Wall Street to help you, investment success may remain elusive.
You can't manage Wall Street. Wall Street has its own viewpoints on everything. I have always believed, if you manage your business correctly, Wall Street will take care of itself.
I've been in and out of Wall Street since 1949, and I've never seen the type of animosity between government and Wall Street. And I'm not sure where it comes from, but I suspect it's got to do with a general schism in this society which is really becoming ever more destructive.
I've never been on Wall Street. And I care about Wall Street for one reason and one reason only because what happens on Wall Street matters to Main Street.
I have been in Wall Street all of my life. I love it. It has been good to me. I know many wonderful, decent, honorable, ethical, hard-working people that were in Wall Street with me.
Wall Street shouldn't be deregulated. I think Wall Street and Main Street need to play by the same set of rules. The middle-class can't carry the burden any longer, that is what happened in the last decade. They had to bail out Wall Street.
You know, I think many people have the mistaken impression that Congress regulates Wall Street. In truth that's not the case. The real truth is that Wall Street regulates the Congress.
One of biggest lies in politics is the lie that Republicans are the party of big business. Big business does great with big government. Big business is very happy to climb in bed with big government. Republicans are and should be the party of small business and of entrepreneurs.
Ive been on Wall Street once in my life in 1980 as a tourist. I went to see the stock exchange when I was 18 years old. Im not a Wall Street lawyer, Im a Stanwix Street lawyer. Stanwix Street is a street in downtown Pittsburgh.
It appears that Wall Street is not acting as a force for economic expansion, providing access to capital for companies that make things. Rather, it seems, Wall Street is using government bailouts to lever up.
Every president needs to deal with the permanent government of the country, and the permanent government of the country is Wall Street oligarchs and corporate plutocrats and the questions becomes what is the relationship between that president and Wall Street.
In my first book, 'Ghosts Of Manhattan,' the setting was Wall Street, and I explored the predictable nature of a bond trader inside the compensation scheme at Bear Stearns and the government regulations of Wall Street. That was about money.
Oh, I'm all about small business. I think what we've learned from big business and big Wall Street is that unchecked greed and the creation of false value gets us all in trouble. If we look at the American economy, who's really creating value? It's the small businesses.
Big Oil, Wall Street and big business as a whole - they stand in the way of the kinds of change needed. They are fiercely against the radical reforms Bernie Sanders is popularizing.
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