Word: streets
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...always been ruled by commissioners appointed by the president. There are four commissioners, two Republicans and two Democrats, and a chairperson. The incoming president chooses two commissioners from his or her party. Once the commission is formed, the inevitable political bickering begins, with nary a beneficial outcome to Wall Street or Main Street...
...sell stocks all the time based on perception and rarely on the reality. On the New York Stock Exchange we’d say, "Buy the rumor, and sell the news." The perception that Goldman Sachs and many, if not all, of the investment banks on Wall Street are crowded with evil, greedy people fuels a perception that leads to a cancerous cynicism and the erosion of confidence. The American capital markets, which are based upon trust and confidence, hang in the balance. Standing on their own, laws don’t instill trust and confidence. Laws with competent...
...above is not the case in today’s enforcement practices on Wall Street. Today, an SEC examiner comes to do an audit with a preconceived notion that there is something illegal happening. Then he or she finds something that isn’t illegal, forms the perception that it is illegal, and ties up the firms and the SEC’s legal apparatus for years. The only people getting rich here are the lawyers...
Raskin said that alarming levels of corporate misconduct have influenced the current generation of students—from the Massey Energy Corporation in West Virginia, to BP Oil in the Gulf of Mexico, to Goldman Sachs on Wall Street...
...restaurant’s founder, recalls having radically different neighbors 25 years ago. Among his neighbors were the Bow and Arrow Pub, a sandwich shop called Elsie’s, a camera store, and a tiny jewelry store—all squeezed in just between Bow Street and Holyoke Street...