Tuesday, September 30, 2008

Main Street vs Wall Street

Everything you see in the media these days is talking about the battle between Main Street (the average folk) and Wall Street (I guess this represents the corporate fat cats).

I love how the media simplifies things to this extent. By making it A vs B, the public is easier able to decide which side they are on. You are A or B, simple as that. Although with the elections you can vote independant but then you're just diluting the vote.

They are saying that Wall Street has taken advantage of Main Street and profited from them... that Main Street is left poor while Wall Street has gotten rich.

Of course they have! That's what they do.

And it is only a matter of time before this happens again. We had the whole Enron/Worldcomm thing... then Sarbaines-Oxley (aka SOX) and wouldn't you know... the whole time that was going down, Wall Street was getting rich off crappy paper.

So here we are, about 7 years after the last big blow up - another one. This time even worse.

And until they start paying people more money to watch Wall Street, nothing is going to change. The truth is that MONEY TALKS. That's why the best and brightest clammer for jobs on Wall Street, not Main Street. You can be at the top or the bottom and you need to make a choice.

Where are you going to be?

No comments: