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...true.) Even though "Wall Street" means the nation's big financial and investing operations, not a geographical location, a disproportionate number of Street people live in Manhattan. Things in the desirable parts of that borough are expensive beyond belief, especially if you have children and feel the need to send them to $40,000-a-year private schools. But these people choose to live in Manhattan...
Main and Wall are never going to love each other. And they probably shouldn't, because their interests aren't identical. But if we're going to get through this mess as a society and regain our prosperity, Main Street and Wall Street need to understand each other. And they don't. (See how Americans are spending...
...when the likes of Goldman Sachs or JPMorgan Chase, which were well capitalized and well run, say they didn't really need TARP money in the first place, that's more or less accurate. However, that doesn't mean that Goldman, JPMorgan and every other bank in the country weren't bailed out. Had the world economy melted down and more giant institutions failed, even strong firms like Goldman would have gone under. In July, Goldman acknowledged this, more or less, when it graciously - yes, graciously - paid a full price of $1.1 billion to redeem stock-purchase warrants it gave...
...need to visit the Institute of Contemporary Art, to walk the Freedom Trail, to crack an oyster at the Union Oyster House. I am afraid I missed all the Red Sox play-off games...
...have seen no evidence to that so far,” says Josh A. Bookin, a Thayer proctor who is admittedly not a strong believer in ghosts. “The most notable of the out of the ordinary activities are parties that need to be broken up.” Note to Thayerites: Bookin will not be accepting a fear of ghosts as an excuse to cuddle up with him in his room...