Market Currents
Wall Street’s reputation is deeply wounded, as losses suffered by the financial industry...
-
Friday, January 6, 2012, 11:56 AM ETWall Street’s reputation is deeply wounded, as losses suffered by the financial industry and the ensuing recession pulled back the curtain on a system corrupted by greed, excess and a lack of regulation. So how can Wall Street reclaim its position? A stock-transfer tax, David Weidner argues.
Other date
Latest Articles on Financials
This news story has 16 comments:
And since when did Wall Street *EVER* have a good reputation among the Eloi?
It's worse than I thought out there...
Whistleblowers pointed out the wrongs to them and they ignored it. More money will just screw the small investor and go down the same rat hole all the current funding goes in to.
If the tax cuts down or knocks out HFT, it might be worth it.
Agree, but they could put a stop, or at least a slow down, in HFT right now but choose not to.
The real problem is that the so-called regulators start out with a self-bias, and simply tune out flags that don't reinforce that bias. There is a good article on that here http://bit.ly/xzAOAJ