The relationship is symbiotic. While the middle-man cannot exist without the two parties, the two parties would have a much harder time doing business without the middle-man. At this point in economic development, removing the middle-man would cripple the system. Try having an IPO without an investment bank. Try hedging your oil risk without the financial industry. Try doing just about anything that allows you to reduce risk and smooth payments without the use of financial products and derivatives. Good luck.
Main St anger so intense some say "acts of violence" called for
- Thread starter ByLoSellHi
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The relationship is symbiotic. While the middle-man cannot exist without the two parties, the two parties would have a much harder time doing business without the middle-man. At this point in economic development, removing the middle-man would cripple the system. Try having an IPO without an investment bank. Try hedging your oil risk without the financial industry. Try doing just about anything that allows you to reduce risk and smooth payments without the use of financial products and derivatives. Good luck.
http://en.wikipedia.org/wiki/Nebraska_Legislature
Sit outside a wall street investment bank and just start blasting?
How about everybody marches on Goldman Sachs and locks arms so that nobody can enter the building? Million man Goldman Sachs march?
Quote from MaklodaSux:
I hope we do, but how I see it, the problem lies in bipartisan politics. It's republican or democrat, some how we need to encourage more competition in politics and get American people to pull away from being so one sided, "I'm either republican or democrat." How about neither.
Main street shouldn't have to resort to violence, if our leaders where actually working towards the goals of democracy none of this nonsense would have happened in the first place. But they're not.
It's a good start that people are questioning our government. The next step is to unite and form some numbers. Criticism or violence will work better that way and the only thing holding people back then is our own military. I mean this is a big problem, how can a country be fixed when the leaders are so corrupt, what do you do? It's a very tough question/problem. What do you do? Go on strike? Quit working? Don't put money in the banks? Don't go into the military? Don't pay taxes? Sit outside a wall street investment bank and just start blasting?
If we recall early American history... the colonists in favor of the Revolutionary War risked, "... life, property, and sacred honor"... with the understanding that "we must all hang together or we will surely all hang separately"... that is, they were FED UP ENOUGH TO COMMIT TREASON against the Crown.
Will the majority of Americans get "fed up" enough to risk similarly? Probably not any time soon and not before much, MUCH more damage is done... sadly.
What about a simple startup company? What about 80% of the things normal people do? It doesn't rely on investment banks.
The market was trying to get rid of them last fall until Paulson and who knows what saved their corrupt hides.
I have held a grudge against these investment banks for almost ten years waiting for justice one day.
I have held a grudge against these investment banks for almost ten years waiting for justice one day.
Hey that's a good way to get the message across. I'm sure after the first day and people found out, lots more people would join in after.
Actually it has happened before in history, it wasn't in this country though. The military tried to suppress the people who were revolting and ended up joining in and overthrew the government shortly after. I can't remember the name of it.
That's how I feel too. You've got to start somewhere though, persistence will eventually win over.
I don't think you know what investment banks do. IPOs are only one piece of their business, and it's just a racket. Look up Google and how they went public. The whole structure set up by Wall Street for IPOs is a barrier contaminated with unnecessary costs.
IBs certainly do not do anything for the predominant base in this country, small businesses. Large retail banks get involved, but the small local bank is always the better suitor.
The financial products & derivatives you speak of do not do anything except generate commissions & spreads, in a parasitic manners. Then when the sh*t hits the fan, because in essence all that is being sold is a bunch of crap, who ends up paying for it. Ahh yes, the public. Is that the symbiotic relationship you speak of?
Hate to break it to you , but little productive & beneficial work happens in these Investment Banks. It's just schemes to squeeze out fees, commissions & trading profits.