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Reply #8: He's right. [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

Turbineguy

(1000+ posts) Send PM | Profile | Ignore

Sun Feb-22-09 12:05 PM
Response to Original message

8. He's right.

Wall Street will have to go back to their original business, the business of matching producers and entrepeneurs with investors.

And they will not be able to suck $1 trillion per year out of the real economy for doing that.

That is the real cause for this meltdown.

By floating all sorts of derivatives and fantasy land "investments", they created this mess, getting rich along the way.

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