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If you go back to the time of J.P. Morgan, the world of high finance was completely wholesale. The prestigious investment banks on Wall Street appealed exclusively to large corporations, governments, and to extremely wealthy individuals.
I have worked on Wall Street and on Bay Street. I started a charity and I've been doing it while raising four children. And I think that's the kind of experience people want to see from their political leaders. It's real life experience.
The Mexican debt crisis, Latin American debt crisis, the crises of the 1990s, the Wall Street stock market crash, and other events should have reminded us, and did remind us, that financial instability remains a concern, remains a problem.
I think Wall Street is very important, especially to tech companies. Wall Street will get in their rhythm and go fund tech companies, and tech companies will go create jobs and employ a lot of people, so there's that aspect of Wall Street.
But the good news is that out in the countryside, just about every place that's got a zip code has somebody or some group of people battling the economic and political exclusion that Wall Street and Washington are shoving down our throats.
I never realized that growing up in Brooklyn, flying jets, working on Wall Street and starring in a sci-fi series was the prerequisite for the fast-paced demands of talk radio. But, if that's what it takes to succeed, I'm glad I did it all.
Wall Street shouldn't be deregulated. I think Wall Street and Main Street need to play by the same set of rules. The middle-class can't carry the burden any longer, that is what happened in the last decade. They had to bail out Wall Street.
In the 1990s, the Democratic Party began to cozy up to their long-time enemies: Wall Street Bankers. They took their money and relaxed their regulations until the Great Recession forced the Democrats via Dodd-Frank to re-regulate the banks.
In my first book, 'Ghosts Of Manhattan,' the setting was Wall Street, and I explored the predictable nature of a bond trader inside the compensation scheme at Bear Stearns and the government regulations of Wall Street. That was about money.
Periodically, 'The New York Times' runs a business news story lamenting how few women still make it to the top in the Wall Street boys' club. Could it be that women are choosing to be conscientious objectors in these wars of one against all?
The similarities are limited but real. They amount to a shared disgust with politics as usual in America. The Tea Party focuses on the federal government; Occupy Wall Street focuses on corporate America and its influence over the government.
As blue chips turn into penny stocks, Wall Street seems less like a symbol of America's macho capitalism and more like that famous Jane Austen character Mrs. Bennet, a flibbertigibbet always anxious about getting richer and her 'poor nerves.'
Wall Street is not the right career for everyone or for every woman. That is clear. But it can't be wrong for every woman. A big job in a trading house can't only be the head of Human Resources or chief operating officer in charge of overhead.
I don't run a non-profit. There are lots of non-profits in America - in Detroit, parts of Wall Street, etc. I run a not for profit. We're a business. The only difference is that instead of selling soap or sneakers, we sell hope and leadership.
I had been a foreign correspondent in Japan for the 'Wall Street Journal' when my editor there became Washington bureau chief - this was 2007 - and he said, 'How would you like to go to Iowa and cover Hillary Clinton?' I was 28. I went to Iowa.
By incentivizing Wall Street players to sniff out inefficient or corrupt companies and bet against them, short-selling acts as a sort of policing system; legal short-sellers have been instrumental in helping expose firms like Enron and WorldCom.
By the 1890s, the leading Wall Street bankers were becoming increasingly disgruntled with their own creation, the National Banking System... while the banking system was partially centralized under their leadership, it was not centralized enough.
By creating an urgent crisis that can only be solved by those fluent in a language too complex for ordinary people to understand, the Wall Street crowd has turned the vast majority of Americans into non-participants in their own political future.
I was with top CEOs in 2009, and they were clearly shaken. Top leaders of Wall Street and elsewhere, shaken. The ones at the top did get by because if they are seeing a decline somewhere, there is also growth elsewhere, like in emerging economies.
During my 30 years on Wall Street, taxes on 'unearned income' have bounced up and down with regularity, and I've never detected any change in the appetite for hard work and accumulating wealth on the part of myself or any of my fellow capitalists.
I think a lot of hedge funds get their trades from Wall Street and get their ideas from Wall Street. And I just like to find my own ideas. I'm reading a lot; I read a lot of news. I'm addicted to it. I basically - I follow my nose on news stories.
I think that, in addition of the intersection of media and technology, there has also been an intersection between technology and finance, which is something I find a little closer to home, seeing as I spend so much time covering Wall Street banks.
If you think Wall Street has a short memory, you're dead wrong. No, the folks who work on Wall Street, regulate Wall Street - and, above all, invest in its wares, notably its hedge funds - don't have a bad memory. They don't have any memory at all.
When Occupy Wall Street happened, I took my money out of Citibank. I already had problems with all the banks - Citibank, Bank of America - but I was kind of just too lazy to take my money out until I saw how Citibank responded to Occupy Wall Street.
I represented Wall Street, as a senator from New York, and I went to Wall Street in December of 2007 - before the big crash that we had - I basically said, 'Cut it out! Quit foreclosing on homes! Quit engaging in these kinds of speculative behaviors.'
For decades, activist shareholders were an entertaining, but largely ignored, Wall Street sideshow. Disgruntled investors would attend annual meetings to harangue executives, criticize strategies - and protest that their complaints were being ignored.
To Wall Street, a firm like BP isn't just a profitable energy company with lots of assets like oil rigs and pipelines and gas stations - it's also a corporation that routinely borrows hundreds of millions of dollars to keep its business up and running.
I can see this on Wall Street today - I can see this with the securitization of everything is that, everything is looked at as a securitization opportunity. People are looked at as commodities. I don't believe that our forefathers had that same belief.
Helping Wall Street regain confidence and stability was the last thing an angry public wanted in 2009 after the markets crashed. But without such support, markets can buckle and liquidity can disappear - often for decades, as has been the case in Japan.
There are those on Wall Street and in the plutocracy who feel that Geithner is a hero who deftly steered the country from economic ruin. To many ordinary Americans, however, he is considered a Wall Street puppet and a servant of the so-called banksters.
I served in all commissioned ranks from a second Lieutenant to a Major General. And during that time, I spent most of my time being a high-class muscle man for Big Business, for Wall Street, and for the bankers. In short, I was a racketeer for capitalism.
'Wall Street' was the big movie of 1987, the year in which Harveys opened. It was a film about greed and self-indulgence, about hunger for success, and Michael Douglas's line, 'breakfast is for wimps,' became a mantra for anyone who wanted to get to the top.
In the past, liberals have competed to see who could shout the loudest to shut down the banks, ridicule success, and penalize anyone working in finance. In fact, the Occupy Wall Street movement was an aggressive liberal effort to shut down Wall Street banks.
By no stretch of the imagination can you describe me as a Wall Street lawyer. If you're going to do that, you'd have to say that 7,500 people who work here in Southwestern Pennsylvania for the Bank of New York Mellon with good family jobs are Wall Streeters.
The entire political class and ruling Wall Street class are zero-percent-interest zombies who talk about 'deflation' in the value of their second, third, and fourth homes. This is paper-deflation, zombie-deflation, and has nothing to do with the real economy.
Having billions of dollars immediately available to plug budget holes without raising taxes is very appealing. And to the delight of Wall Street investors, state and local governments often fail to ask the important questions or consider the long-term impact.
These Wall Street types, they're not exactly the kind of people you want your children turning into. They're really not very smart. They're certainly not thoughtful or kind. They're often poorly-educated, mostly ignorant and always self-interested and greedy.
Every president needs to deal with the permanent government of the country, and the permanent government of the country is Wall Street oligarchs and corporate plutocrats and the questions becomes what is the relationship between that president and Wall Street.
There are some who think that the government is limited in how many corruption cases it can bring against Wall Street, because juries can't understand the complexity of the financial schemes involved. But in 'U.S.A. v. Carollo,' that turned out not to be true.
During the 2005 Bush tax holiday, corporations didn't bring back the billions they stashed overseas to build new factories, increase wages, or create more jobs. The lion's share of that windfall went to CEO raises and stock buybacks for investors on Wall Street.
The idea of a financial transaction tax on Wall Street trades is gaining momentum. I have a bill called - nicknamed the Robin Hood tax also. It's a bill that taxes stock trades, derivatives and bonds, and would generate in the neighborhood of $300 billion a year.
I got into Goldman really by acquisition because I had gone - I grew up in east New York in the Linden Projects - I did go to fancy schools, but my resume wasn't up to a Wall Street set of resumes. I went to college. I went to law school and practiced for a while.
The best tech companies are led by founders with entrepreneurial zeal and strong egos. They consistently deliver what we want and what we need, at prices that decrease over time. The Wall Street firm is a long-standing institution with a more established hierarchy.
When giant companies wanted more tax loopholes, Washington got it done. When huge energy companies wanted to tear up our environment, Washington got it done. When enormous Wall Street banks wanted new regulatory loopholes, Washington got it done. No gridlock there!
People go to work at Wall Street firms to make a lot of money. They may not love what they are doing, but the punishing hours and travel are incredibly well-compensated. By contrast, the engineers at technology firms do believe that they can change how we all live.
In truth, Wall Street is in for a radical makeover. Fewer people, lower margins, lower risk, lower compensation - and ultimately, fewer talented people. It is likely to change the culture of an industry that for nearly a century has been the money center of the world.
When I started at the Wall Street Journal after college in 1990, there were lots of smart women around me all the time. They were writing for the paper, serving as managing editor, winning Pulitzers and anchoring the weekend show I worked on. It was so inspiring to me.
I think voters want somebody who understands their problems. You're right that they don't expect the president to fix everything. When he's wrestling with Congress and Wall Street and the rest of the world, they hope he'll be looking at things from their vantage point.
I left Goldman Sachs. I was thinking about going to another Wall Street place. I didn't want to do that. That was crazy. After you work on Wall Street, it's a choice: would you rather work at McDonald's or on the sell side? I would choose McDonald's over the sell side.
Barack Obama's life was so much simpler in 2009. Back then, he had refined the cold act of blaming others for the bad economy into an art form. Deficits? Blame Bush's tax cuts. Spending? Blame the wars in Iraq and Afghanistan. No business investment? Blame Wall Street.