November 2010

Wall Street 'Socially Useless' ? Yes?!

What does Wall Street do that helps society? John Cassidy in a New Yorker article writes, that Britain's top financial watchdog said, Wall Street and other financial centers are mostly focused on "socially useless activity."

Of course Wall Street has been called the casino of the really high rollers. Wall Streeters PR machine for years and years have cranked out the line that Wall Street is essential for the creation of jobs, businesses, and for America's progress.