The reality is that the institutional framework in which Wall Street operates is fundamentally inappropriate, and it inevitably generates violent fluctuations of the market.
Sentiment: NEGATIVE
I believe Wall Street needs serious ongoing regulation.
Wall Street is littered with clever plans to use financial instruments to change behavior - carbon trading, for example. Some have changed the world, and others failed miserably.
Wall Street has too much wealth and political power.
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 is populated by a bunch of people whose primary goal is to make money, and the rules are pretty much caveat emptor.
Wall Street has become a veritable casino.
Markets do very weird things because it reacts to how people behave, and sometimes people are a little screwy.
Everything that happens on Wall Street only fortifies my opinion that there is in fact a more ludicrous industry than the entertainment industry.
Wall Street has played a role in everyone's life, and it has been vilified by everyone, but I think that the average trader didn't have a sense of what was coming. The culture is so vacuous, it's possible to come to it straight out of college and never have a real adult life, even if you have the wife and kids.
As discomfiting as it is to both market optimists and policy activists, a certain amount of instability is inherent to the economy.
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