Deborah, most of the financial activity on Wall St. produces nothing. It’s not even connected to production, it’s all about “vigorish” - making money on an endless loop of financial manipulations. Yes, stocks are traded on Wall St. but that’s a small part of what banks, hedge funds and various investors do today. “Liar’s Poker” by Michael Lewis is one book that exposes the chicanery of Wall St.
Deborah, most of the financial activity on Wall St. produces nothing. It’s not even connected to production, it’s all about “vigorish” - making money on an endless loop of financial manipulations. Yes, stocks are traded on Wall St. but that’s a small part of what banks, hedge funds and various investors do today. “Liar’s Poker” by Michael Lewis is one book that exposes the chicanery of Wall St.
Deborah, most of the financial activity on Wall St. produces nothing. It’s not even connected to production, it’s all about “vigorish” - making money on an endless loop of financial manipulations. Yes, stocks are traded on Wall St. but that’s a small part of what banks, hedge funds and various investors do today. “Liar’s Poker” by Michael Lewis is one book that exposes the chicanery of Wall St.