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dpdoor (30.64)

Wall Street sucks the life out of Main Street

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September 24, 2011 – Comments (5)

Small business are responsible for 97% of all exports from the United States. The big guys build factories over seas the small guys build things here. It is Main Street that Exports and it is Main Street that Employees most of America.

It is Main Street that is paying for Wall Street's mistakes and it is Main Street that now has to pay the banks of Wall Street to stay in business.

5 Comments – Post Your Own

#1) On September 24, 2011 at 6:40 PM, Valyooo (99.44) wrote:

No it's the government that sucks the life out of main street.  If there were no government there would be no bail out.  If there were no government, there would not have been an organization that encouraged banks to lend out crap loans for the sake of being an equal opportunity lender because they were secured.  No government means no fed means not messing with interest rates and monetary supply.  Without the big banks, the small businesses would not have had the loans necessary to start their company.

 

When a non-bank company goes out of business, why don't people point fingers at them the way they do when a bank goes down?

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#2) On September 24, 2011 at 10:58 PM, cbwang888 (25.99) wrote:

Globalization kill jobs, not just in US, but every developed countries with social welfare. Cheap labors and low living standard from China & India, coupled with extremely polarized wealth distribution in many developed and emerging countries are the main factors. In-debted public sectors are not sustainable until they can effectively taxes the rich to balance their deficits.

Bailouts are for riches and they just go hide their wealth overseas. 

 

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#3) On September 25, 2011 at 1:48 AM, dpdoor (30.64) wrote:

[When a non-bank company goes out of business, why don't people point fingers at them the way they do when a bank goes down? ]

 

The banks caused the problem! get it!

I grew my company with no bank loans, but when business drops 50% in one year because the banks and wall street were irresponsible it dose not seem right. I pulled out of the stock market in March of 2007, I thought it was obvious that things were slowing. Why couldn't the banks see the same, even Ford cut back in 2006 and prepared for a slow down, why not GM. I don't see how hard workers could see a problem in 2006 and the banks not see it until it was too late. Now the government has spent all their money on the banks and now most businesses need to borrow money form them to stay in business. I am lucky that we prepared for a slow down but most did not. The banks started this and now they will profit from this. Yes they loan money, that is their job, but it is our tax payer's money they are lending.

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#4) On September 25, 2011 at 10:04 AM, Valyooo (99.44) wrote:

The government encouraged those crappy mortgage investments, and THEY are the ones who stole our money to pay the banks.

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#5) On September 25, 2011 at 10:04 AM, MoneyWorksforMe (< 20) wrote:

"Without the big banks, the small businesses would not have had the loans necessary to start their company."

 Small banks are better suited for small businesses....The TBTF banks are detrimental to the U.S. and global economy and should be dismantled, as far as I'm concerned. 

http://www.entrepreneur.com/bestbanks

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