Is Wall Street a patriotic organization? Have a few of the richest individuals on the planet enhanced their huge fortunes by shipping out America's manufacturing base to China?
The investment markets are, by definition, there for the purpose of managing and investing money.......in our capitalistic system, I would broadly define that as patriotic, as it supports the American way of life, and all that goes with it.
As mentioned by someone else, Wall Street is not responsible for shipping ONE JOB out of the country, not one........that falls squarely on the heads of labor unions pricing American goods out of a competitive world market, and the politicians with strict (and useless) regulation and taxation......if businesses can go elsewhere and make their products more competitively they will do so, and will continue to do so, until the "political class" wakes up and creates a lower cost and regulatory friendly environment for American business.
What about Wall Street integrity? Are you worried they could absorb your wealth with as little concern as you show for someone "stupid" enough to carry 30% interest on their credit card balance?
No.....I'm not worried.......I have done business with the same financial adviser for over thirty years, and he has never cheated me out of a penny........when I make money, he makes money, and he has done quite well for both of us over that period of time......
The criminality that Wall Street shares with Washington seems hard to miss when you look at something like the The Plunge Protection Team, currently accused of using the Fed to manipulate the stock market by buying market averages in the Futures Market.
I don't know what "criminality" Wall Street shares with Washington, unless you are referring to certain members of congress forcing banks and mortgage companies to lend money to people that can't afford to pay it back, for "affirmative action" reasons, creating the disaster that is Fanny and Freddy.......that I will lay solely at the feet of the politicians.......left to their own best interests, the financial institutions would have never made those loans to begin with, and we would have never had the "credit crash" that dumped the markets........there have certainly been instances of dishonesty by business (Enron comes to mind), but overall, most of the problems that we see in the financial markets are the result of "government" actions and not "Wall Street".....
If the gap between the rich and the rest continues to widen in the US, a vacuum will open in a country with 200 million private guns.
So what......as I said in another response......stupidity should be expensive, and painful, if necessary.........and what does gun ownership have to do with it? I invest in the markets, and I also own a hell of a lot of guns.......Are you suggesting that the riff-raff are going to come for the investor class with torches and pitchforks? Pure nonsense and hyperbole........the "poor" are too busy sitting on their butts eating Cheetos, and watching "American Idol" to concern themselves with anything other than where their next welfare check is coming from......If they are too stupid to go out and find a job, and "actually participate" in the American economy, what makes you think that they have the ability to organize anything other than a trip to the convenience store with their WIC card?
And Wall Street will look for ways to "make money" from American killing fields
A truly dumb statement, but hypothetically of course......I suspect that they would, and I would be right there with them......I am a capitalist, after all........
doc