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In truth, Wall Street is in for a radical makeover. Fewer people, lower margins, lower risk, lower compensation - and ultimately, fewer talented people. It is likely to change the culture of an industry that for nearly a century has been the money center of the world.

Wall Street has come a long way from the insider-dominated world that was blown apart by the Great Depression.

Countries have lost their culture because what they wanted was money. Money became the running theme in every country and culture was sacrificed.

It took capitalism half a century to come back from the Great Depression.

Wall Street is broken for sure because it succumbed to greed and corruption and pure speculation with no values.

We lost our way and allowed greed and excess to become the twin pillars of too much of the financial culture. We became a society utterly absorbed in consumption and dismissive of moderation.

Austria, Germany and the U.S. South did not disappear as a result of their currencies' ruin. Although many people suffered, most people found a way to survive, life went on, and economic activity eventually resumed after the adoption of a 'reformed' or foreign medium of exchange.

America had been a boom-and-bust economy going into the Great Depression - just over and over and over, fortunes were wiped out, ordinary families were crushed under it.

The Roaring Twenties were the period of that Great American Prosperity which was built on shaky foundations.