Financial Services Mentality

[Beavker]

I work for one. I don't drink the Kool Aid. Many of my co-workers do.

SEC fees recently went up, and if you know how it works, they charge on selling transactions for clients on equities. According to my GOP buddies working near me, it's basically "screwing anybody that trades anything", and it's "included in the stimulus bill".

This is the mentality folks. The large portion of real trading being relegated to large firms and accredited investors that make obscene amounts of money by doing basically nothing. They then also pay lower taxes on those earnings than you do after a hard days work at your place of business. Yet, it's still an outrage that anyone regulate further or try to get their money out of the industry to support the "malpractice" that has occurred on Wall Street.

Our cable company always said, "if you steal cable, it makes it more expensive for everyone else". Our car insurance provider tells us that "those without insurance make it more expensive for those that have it". Same for health care. The 'insured' eventually pay for the 'uninsured'. The thieves make the earnest work harder to cover for their losses. It's not a far reaching concept.

But for Wall Street, and their apparent 'little brother and sisters' it is inconceivable.

Welcome to the American Dream.

[Laelth]

1. Thanks for not drinking the kool-aid. I'm sure it's tempting in that environment. n/t

:dem:

-Laelth