WTF is Wall Street Thinking

I have watched with fascination as a novice and non-expert as Wall Street seems to live in an alternate plane of existence from the rest of us, “little people.” Bad economic news? No problem, the stock market booms. I have shaken my head more than once, until I heard a very reasonable explanation for this weird “herd” mentality. An expert said that Wall Street unlike other small businesses can “adapt” more easily to new and restrictive government regulations. They just figure out “work arounds”, new schemes or create new products to skirt the new regulations.

Lets not forget Default Swaps, Hedge Funds and the bundling of high risk loans that were then sold to the federal government or funneled through the FHA.

Small businesses that find themselves hampered, hog-tied and bogged down by compliance with newer and ever more restrictive government regulations from the ever expanding alphabet soup of agencies, cannot not financially compete or keep up. They generally end up closing or cutting back over-head by laying off workers. Workers I might add who need their jobs…

On the other-hand, Wall Street can always find “creative” ways to work around those same restrictive regulations with the help of the SEC, who tends NOT to do their jobs and may I say, Wall Street tends to not only survive but thrive in spite of said new and restrictive regulations. Big banks can also survive due to easy and cheap money from the Fed and then they can always depend on their comrades in the Fed system that will bend over backwards to make sure they not only survive on OUR dime, but also thrive due to cheap and easily gotten money.

With the new announcement that there MAY be a 3rd QE program in September, the stocks went up. Why? Well to my untrained eye it looked like a win/win for Wall Street & Banks. They will be the ones who benefit from ANY bailout, not you and I. Its a no-brainer for them, after all the only firm to feel the heat in the last downturn was Lehman Bros. and one has to wonder if that fall from grace was purposeful for some reason. It seems odd that the other “bad actors” in the industry go gang busters, get billions of “secret money” paid for by the tax payers and yet Lehman is let to go bankrupt? Trust me it smells like pay back to me…again to my decidedly untrained eye…

I am certain, that the financial wonks and experts will tell me that I have this all wrong, they will have some intellectual or financial rationale for what happened…to which I respectfully say…bullshit…Here’s what I live by…if it walks like a duck and sounds like a duck, its a duck…here’s another on..a rose by any other name is still a rose.

We as taxpayers and voters have been HAD by the powers that be…

About KellyAnn Hicks-Digby

My hubster & I have been married for almost 35 yrs (seems like yesterday). We are empty-nesters with 2 handsome sons & 2 beautiful daughters-in-law. We also have a large adopted family that are very special to us! I am a not-so-perfect Christian-in-the-making, a wife, a mother, professional Chef, writer & paralegal. I went to college at 50 and graduated with my Bachelors degree 4 years later. We moved to S.C. 2010 and loved our time there and the Southern culture and our friends and family. We moved to the great Volunteer state of Tennessee in 2018 and love the mountains and all that this great state has to offer! I love chocolate, cheesecake and putting a smile on folks & family's faces by creating special meals and sweet treats for them. My passion is to find the best darn chocolate and eat it all! Life cannot & should not exist without great chocolate! Life is short eat dessert first! Till next time ya'll!
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4 Responses to WTF is Wall Street Thinking

  1. bunkerville says:

    I must have been watching the same channel. They say this in the most benign tone of voice while we are being screwed. Excuse the vernacular. Once galloping inflation takes place, which of course is the cruelest tax of all, we can live as peasants, while they will be our masters.

  2. I agree Bv…I shake my head as ppl on Wall Street (or should we say Wahhh Street) as they complain about the regs as they pay off (or whatever they do to the SEC to keep them out of their hair…remember Soros, Madoff et al?). They continue to figure a way to get their bonuses and perks while we suck it up and cut our budgets to the bone…don’t get me wrong please, I do NOT begrudge them their millions IF they are gotten honestly…that is the key term to me HONESTLY…but lets face it shall we? They make money betting against this that or the other or speculating (gambling) and if it didn’t affect me directly that would be one thing, but unfortunately it does. As much as ppl like to say speculation is a victimless gambling endeavor I beg to differ…it affects oil and commodity prices which affects each of us when we go to buy stuff…inflation is going to cut those of us at the bottom of the feeding chain off at the knees being, figuratively and financially but those folks on Wall Street will be able to weather the storm…

  3. 2+2 = 4.5 didn’t you know?

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