Comments on: Wall Street Oligarchy: Read All About it http://toughmoneylove.com/2009/03/28/wall-street-oligarchy/ The Hard Truth about Money and Personal Finance Fri, 24 Feb 2012 15:57:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: MasterPo http://toughmoneylove.com/2009/03/28/wall-street-oligarchy/comment-page-1/#comment-3434 MasterPo Thu, 02 Apr 2009 03:32:24 +0000 http://toughmoneylove.com/?p=2947#comment-3434 RC - What's the difference between money made by someone working a machine that produces a product vs. money made by someone who loaned or finance (i.e. invested in) the person working the machine? RC – What’s the difference between money made by someone working a machine that produces a product vs. money made by someone who loaned or finance (i.e. invested in) the person working the machine?

]]> By: RC Brooks http://toughmoneylove.com/2009/03/28/wall-street-oligarchy/comment-page-1/#comment-3417 RC Brooks Wed, 01 Apr 2009 14:34:07 +0000 http://toughmoneylove.com/?p=2947#comment-3417 I have had many of the same sentiments as the article. Of course many don't agree with me, because I feel that social concerns have to be taken into consideration when speaking about finance and vice-versa. I worry that the excess of our financial "geniuses" are shoving us into socialism. I worry about the health of the US, because we just are producing enough. Money "made" on the stock market isn't actually a product at all. All money as we know it comes from material resources and similar stored from previous generations. When you have these new financial products, all it really does it remove actual wealth from the base of the economy. But then again, what do I know? I have had many of the same sentiments as the article. Of course many don’t agree with me, because I feel that social concerns have to be taken into consideration when speaking about finance and vice-versa. I worry that the excess of our financial “geniuses” are shoving us into socialism.

I worry about the health of the US, because we just are producing enough. Money “made” on the stock market isn’t actually a product at all. All money as we know it comes from material resources and similar stored from previous generations. When you have these new financial products, all it really does it remove actual wealth from the base of the economy.

But then again, what do I know?

]]> By: Rick Beagle http://toughmoneylove.com/2009/03/28/wall-street-oligarchy/comment-page-1/#comment-3393 Rick Beagle Tue, 31 Mar 2009 03:58:29 +0000 http://toughmoneylove.com/?p=2947#comment-3393 Here is another fine <a href="http://www.boston.com/news/nation/washington/articles/2009/03/30/pension_insurer_shifted_to_stocks/?page=1" rel="nofollow">article</a> for you to read, and mull about. This just keeps getting worse and worse.... Here is another fine article for you to read, and mull about. This just keeps getting worse and worse….

]]> By: Rick Beagle http://toughmoneylove.com/2009/03/28/wall-street-oligarchy/comment-page-1/#comment-3340 Rick Beagle Sat, 28 Mar 2009 22:32:08 +0000 http://toughmoneylove.com/?p=2947#comment-3340 Careful there! You are starting to sound like a Liberal?! Just kidding, and thank you for sharing. Rick Beagle Careful there! You are starting to sound like a Liberal?!

Just kidding, and thank you for sharing.

Rick Beagle

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