Comments on: Main Street… you’re on your own http://thecuriousinvestor.com/2008/11/18/main-street-youre-on-your-own/ A stock market and investing blog for the curious Tue, 08 Dec 2009 07:09:51 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Dan Hung http://thecuriousinvestor.com/2008/11/18/main-street-youre-on-your-own/comment-page-1/#comment-12382 Dan Hung Sat, 24 Jan 2009 15:34:22 +0000 http://thecuriousinvestor.com/?p=372#comment-12382 I think you missed the point of this little editorial of mine. I was frustrated over the class war that politicians had been fighting over the credit crisis. I wasn't saying that Main Street was to blame or that the world would be better off without "normal people." My argument was that if people really think the world would be better off without finance, credit, and the whole host of other services provided by large financial institutions, they are dead wrong. Not only that, but the idea that "rich people" just sit fat and happy and watch others suffer is not the case at all as it is the "rich" that ultimately shoulder the load for many of the social programs that we all care about. I think my point is borne out in the fact that it seems that the Obama administration has brought a new sense of cooperation and there's more of an understanding that Wall Street is just as vital and just as worth saving as those folks out on Main Street to our economy. I think you missed the point of this little editorial of mine. I was frustrated over the class war that politicians had been fighting over the credit crisis. I wasn’t saying that Main Street was to blame or that the world would be better off without “normal people.” My argument was that if people really think the world would be better off without finance, credit, and the whole host of other services provided by large financial institutions, they are dead wrong. Not only that, but the idea that “rich people” just sit fat and happy and watch others suffer is not the case at all as it is the “rich” that ultimately shoulder the load for many of the social programs that we all care about.

I think my point is borne out in the fact that it seems that the Obama administration has brought a new sense of cooperation and there’s more of an understanding that Wall Street is just as vital and just as worth saving as those folks out on Main Street to our economy.

]]> By: roar http://thecuriousinvestor.com/2008/11/18/main-street-youre-on-your-own/comment-page-1/#comment-12371 roar Sat, 24 Jan 2009 07:45:07 +0000 http://thecuriousinvestor.com/?p=372#comment-12371 Wrong. Wall Street and Main Street are Siamese twins, congenitally joined, and sharing vital organs. If any twin parishes so does the other. Wrong. Wall Street and Main Street are Siamese twins, congenitally joined, and sharing vital organs. If any twin parishes so does the other.

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