Wall St. does not create wealth. It only redistributes it. The ARITHMETIC....

[Triana]

[Turbineguy]

1. They used to be part of the wealth creating process.

Now they loot more wealth than is created.

[bluestateguy]

2. The redistribute it among themselves

nt

[Octafish]

3. And if you shut up about it you'll get a big job after government service.

For the non-paupers in spirit, a pot of gold awaits...

Neil Barofsky Gave Us The Best Explanation For Washington's Dysfunction We've Ever Heard

Linette Lopez
Business Insider, Aug. 1, 2012, 2:57 PM

Neil Barofsky was the Inspector General for TARP, and just wrote a book about his time in D.C. called Bailout: An Insider Account of How Washington Abandoned Main Street While Rescuing Wall Street.

SNIP...

Bottom line: Barofsky said the incentive structure in our nation's capitol is all wrong. There's a revolving door between bureaucrats in Washington and Wall Street banks, and politicians just want to keep their jobs.

For regulators it's something like this:

"You can play ball and good things can happen to you get a big pot of gold at the end of the Wall Street rainbow or you can do your job be aggressive and face personal ruin...We really need to rethink how we govern and how regulate," Barofsky said.

CONTINUED... http://www.businessinsider.com/neil-barofsky-2012-8

...for the 99-percent of us, it's Austerity Time. Again.

[rhett o rick]

6. 99% of all transactions are between two speculators. Not a dime goes into supporting

businesses. And the big time speculators know how to fleece the rubes. Wall Street doesn't create any more wealth than Las Vegas.

[rhett o rick]

10. What percentage of transactions are IPO's? My guess is that it's so small

it's negligible. All purchases of stocks is pure speculation. You are hoping that the stock will go up in value. All stock transactions, except IPO's, are between two individuals and the profits and loses occur to the individuals and don't effect businesses. Purchasing stocks from another individual isn't "investing" it's speculating. The Wall Street marketing sells the gambling as "investing". It sounds so high class. Some bets are more conservative than others but they are just bets.

[JaneyVee]

8. No one in the 99% even gets to buy into

Most IPO's, you need tons of money and connections.

[BlueJazz]

5. And a large share of the America people like it that way and think it's perfectly fair.

What they DO think is unfair is a single mother (whose husband left her) gets 212 dollars a month in food stamps and has the disgusting nerve to buy a 1/2 gallon of ice cream with part of those food stamps in order to partially feel like life is worth living.

"I'm sick and tired of my hard earned tax dollars going to all those people who are too lazy to maybe get a second job"

Don't think I'm exaggerating with those words. I've heard many people say something very close to what I've written.