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Wall Street is crooked. This is not really a surprise to anyone. I lived on the street. And I worked on the street.
Wall Street starts at broadway and continues down to Water Street. Along the way, it gets crooked.
Right around Broad Street it starts to curve. If you are standing at one end of Wall Street and try to look at the other end, you won’t see it.
It’s crooked. It jags. It turns a little. People walk back and forth daydreaming about getting rich. Others are crying because they couldn’t make it. And if you can’t make it there, as the song sort of goes, you can’t make it anywhere.
Which is really true. Because “there” is where the money is. And people get desperate around money. So desperate they will do anything to get it.
At one point I invested in a dozen hedge funds. Eleven of them ended up being caught doing illegal activity. I think a few people are in jail.
Every night I was scared because I started to see what was going on until eventually I shut the whole thing down.
My investors were very upset I shut things down when things were going well. This was in mid-2006. By 2009 I finally got my money back from all of them. That’s how desperately Wall Street tries to hold onto your money. I thought Wall Street was a quick way out. But it was a quick way to stress and misery. I got out. I stayed out.
“BILLIONS” the new show on Showtime is the first show that I think accurately describes what is going on on this tiny street.
But there’s a lot of terminology in the show and I thought I would explain some areas. This is to say, I’m about to have spoilers. So don’t read further if you are a purist. Watch the show. I may do this after future shows as well if you like this post.
At a basic level, the show is about a “hedge fund manager”, Bobby Axelrod, played by Damian Lewis, and a US Attorney, Chuck Rhodes, played by Paul Giamatti. I put “hedge fund manager” in quotes because it’s a term I’m about to explain.
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