Wall Street Feasts on Blue Model Failures
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  • ljgude

    When is a capitalist a ‘vulture capitalist’? Selling riskier investments to over extended governments sounds a lot like when a trader overtrades you account to turn your capital into his commissions. It’s called ‘churn and burn’.

  • Kavanna

    And let’s not forget the role that Wall Street played in creating the problems in the first place, by underwriting and marketing questionable debt to begin with. Wall Street has also been eager to sell desperate municipalities wacky securities to supposedly lower their risks.

    A solid cronyistic relationship of Wall Street and prominent politicians (mainly Democrats) sustains these practices.

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