Posts Tagged ‘Wall Street’

The Bombing of Wall Street

February 13, 2018
The 1920 bombing in Manhattan’s Financial District that left 38 dead and launched the career of J. Edgar Hoover remains unsolved.
Airs tonight, Tuesday, February 13, in St Louis. Check your local listings for the time it will be on your local PBS station.

Shareholders unite!

September 12, 2016

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Wall Street’s secret weapon in Washington

April 25, 2014

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Damn Crooks

January 10, 2014

I owned a small brokerage firm for 25 years. We had a PhD professor of economics at Washington University as one of our bigger clients. He lived his later years in his native Taiwan but traded with us in the USA. During one of his many visits to the US I asked him why he didn’t trade stocks in Taiwan. He said because their market was corrupt. If we did not have the SEC, FBI and NASD doing the jobs they do for us investors we would be saying the same thing about Wall Street albeit they certainly are no saints even with all that scrutiny. Check out the linked video on the PBS web site called:  To Catch a Trader

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J P Morgan’s 9 Billion dollar loss?

June 28, 2012

So much for the Obama administration’s financial legislation to rein in Wall Street. Why is it our business if  J P Morgan loses part of its capital? More than likely a failed J P Morgan implies another round of taxpayer bailouts. Let us hope that does not happen. Click below for the New York Times article:

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Wall Street insider is right

March 16, 2012

I worked as a broker for 32 years for three large Wall Street firms. I left two of them because of their unethical policies and started by own small brokerage to get away from the rest of Wall Street. Never once during the 25 year existence of my small brokerage did we receive a written complaint from a customer. The movie Inside Job gives you a pretty good idea of the values of Wall Street. The booklet advertised on this blog cites many Wall Street ills and suggests ways to avoid them. We need capitalism but we do not need crooked brokers

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We Are the 99 Percent

October 5, 2011

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It’s deja vu all over again

July 14, 2011

This joker is helping Wall Street dismatile the new  financial regulations that were set up to try and prevent another meltdown:

“Wall Street has spared little expense, spending nearly $52 million to woo Washingtonin the first three months of the year, up 10 percent from the previous quarter, according to the Center for Responsive Politics.”

I have been an online reader of the New York Times for many years so maybe I am grandfathered into their new “pay-to-read” program but I do not think so. As I understand it anybody can read 20 of their articles “free” per month so I think you can read the article by clicking the below link:

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Martha Stewart’s decorated cell available?

March 28, 2011

Wiretaps captivate NY insider trading trial

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I doubt it

April 28, 2010

The headline on the below linked story implies Goldman understands change is coming to Wall Street. Having been a part, albeit small, of Wall Street for 36 years I strongly suspect Goldman will change but not the way congressman and the American people want them to change. “Greed is good” is part of their “being” and about the only thing they will change is how e-mails are handled because e-mails are turning out to be the most visible “smoking guns” congress has found so far.

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