Wall Street is populated by a bunch of people whose primary goal is to make money, and the rules are pretty much caveat emptor.
Sentiment: NEGATIVE
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.
What Wall Street is, they're market makers. Wall Street's business model is making money on velocity of money. They're a click industry. That's what Wall Street is. They make a lot of money when there's a lot of turnover. And they make a lot of money when that velocity is fast.
Everything that happens on Wall Street only fortifies my opinion that there is in fact a more ludicrous industry than the entertainment industry.
People talk about Wall Street greed, but one of the things many people don't understand is that there are a lot of organizations that have been the recipient of largess from the same Wall Street.
Wall Street is broken for sure because it succumbed to greed and corruption and pure speculation with no values.
I've never been on Wall Street. And I care about Wall Street for one reason and one reason only because what happens on Wall Street matters to Main Street.
Wall Street has become a veritable casino.
I'm not a Wall Street expert, but I can read the papers.
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.