New York as a financial center will largely be determined by Washington.

[FightTheFuture]

Is the Stock Exchange Obsolete?

The CEO of the NYSE says the future of New York as a financial center will largely be determined by Washington.

By MARY ANASTASIA O'GRADY


In the late 18th century there was a buttonwood tree in lower Manhattan where brokers gathered to trade stocks. But by 1817, the tree had become obsolete as a trading hub. The traders migrated indoors and changed the name of their group to the New York Stock and Exchange Board. The...............

http://online.wsj.com/article/SB10001424052748704500604574483632628966424.html?mod=googlenews_wsj

 

[clacy]

Both parties are clearly in bed with Wall Street (possibly the Dems even more so than the R's), so I would say they will fare well in the future, even if it is due to tax payer support.