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Wall Street Guiding America Toward Third World Status, and Instructing China As Well


Business  (tags: Agricultural Bank Of China IPO, Banks, China, Financial Crisis, Financial Reform, Goldman Sachs, JPMorgan Chase, Mergers And Acquisitions, New York Times, Third World America, Wall Street, Business News )

Judy
- 1458 days ago - huffingtonpost.com
The Wall Street casino continues at full tilt. Just last week the New York Times reported that the likes of JPMorgan Chase and Goldman Sachs are continuing to squander hundreds of millions on bets that bring the middle class closer to 3rd world status.



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Comments

William K. (328)
Tuesday August 31, 2010, 10:31 pm
"Among the most malicious effects of Wall Street's workings on our economy has been its ruthless focus on the bottom line and its grim focus on its self enrichment, irrespective of the societal cost visited on workers, communities, the nations economic sinews and the nation's entrepreneurial vision. "

It's called sociopathy.
 

Lyne F. (103)
Thursday September 2, 2010, 4:28 pm
These people don't care about the state of the world. They are living arrogantly, with unlimited wealth, and beyond the realm of things. War and social chaos don't move them, they enpower and enrich them. These fine creatures are criminals against humanity and need to be punished as such. In our face fascists!! (I have been using that word a lot these days, especially regarding the Koch brothers!)
 

Janet R. (34)
Thursday September 2, 2010, 5:46 pm
I totally agree with the article. These people have $$$$ in their eyes. Their greed is going to kill all of us.
 

gary leigh (0)
Thursday September 2, 2010, 6:27 pm
GOLDMAN/SACKS SHOULD BE DESOLVED. THERE WILL BE NO LASTING FINANCIAL RECOVERY AS LONG AS THE PEOPLE AT THAT COMPANY RULE. THEIR IS A BOOK I FORGET THE NAME IT'S RECENT BUT IT EXPLAINS HOW DANGEROUS THIS COMPANY AND OTHER INVESTMENT FIRMS ARE. THEY MANIPULATED CORN. YOU MIGHT LAUGH BUT CORN IS USED IN THE MAJORITY OF ITEMS YOU BUY. BY PLAYING WITH THE MARKET IT FORCED SMALL THIRD WORLD COUNTRIES DEPENDENT ON CORN TO LIVE INTO FAMINES. THESE PEOPLE ARE A THREAT TO THE SECURITY OF THE WORLD IRREGARDLESS OF THE CLOTHES THEY WEAR OR THE FRONT THEY PUT ON. THEY ALREADY HAVE STATED IN CLOSED QUARTERS THAT NO MATTER WHAT OBAMA OR THE GOVERNMENT DOES THEY WILL GO RIGHT AROUND IT.
 

Past Member (0)
Friday September 3, 2010, 12:38 am
We (all nations of the globe) must put rules in effect to reign Wall Street within ethical guidelines. It is imperative!
 

Edward M. (8)
Friday September 3, 2010, 2:31 am
Isn't it about time that you Americans started to wake up to the fact that being lead by the nose from one financial catastrophe to another along with foreign intrigues that are costing billions of dollars, and even allowing for the "good years", is just not productive nor sustainable; the only answer is to elect the class of quality politician who will allow you to take charge of your own affairs in a more regulated and ordered manner for the good of all you American people and, in the final outcome, the World.
 

Jennifer M. (78)
Friday September 3, 2010, 11:20 am
Their greed will bring us all down.
 

Lynn C. (94)
Friday September 3, 2010, 2:02 pm
William Kirkham said it so well I can't add anything. Thank you William. I enjoy reading your well thought-out comments and many more of you who add good slants on the news.
 

Klaus Peters (11)
Thursday September 16, 2010, 4:22 am
Do we really need Wall street, I think we can do without corrupt lot.
 
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