Geiseric

The Main Street - Wall Street Bout, Round Two

It's correct that this is a question of confidence, but its not Main St's lack of confidence in Wall St that is fueling the backlash as much as the confidence that it has in itself. Most of Main St can tighten its belt (I looked at my $100 cell phone bill last night and asked "Why?") and would be more than happy to help Joe Sixpack get into a house/ mortgage that he can afford over the long haul. What Main St is rejecting is the Wall St notion that the health of the entire economy is determined by the churn of money through the system and that credit is the grease that make the wheels turn. That's true for the health of Wall St and all the folks making money from nothing more the the movement of money through the system. And for those folks, Main St has no sympathy. And we're not buying your fear.