I have also been saying Wall Street is a large gambling pit, which has nothing to do with investing in businesses, but most people do not care. For example, we are still feeling the effects of the Great Recession of 2008-09.
It caused millions of home foreclosures, job losses and then hedge funds bought these homes by the tens of thousands for extremely low prices. And rent them out at high prices. Wall Street is the chief reason housing is so unaffordable.
The key takeaway I get from your post is that we have to think not in terms of being capitalists, but see capitalism as a necessary, but small part of commerce. To thrive, we must do business in accountable ways. For example, build local and regional economies that are transparently accountable as healthy and supporting neighbors. Capitalism was always to be controlled, because it is the decendant of feudalism. Democratic commerce requires Wall Street be restrained.
You were making some sense there for a minute...I know the terrible fees from so many sides the 401k banking systems charge. It's Robert, especially when some are required to contribute. It costs you to move it. On one 550 contribution I made over 4 mos, company shifted, changed my job, terribly understaffed and couldn't train anyone. I left the disaster and was charged nearly 150.00 in fees for my 550 that I let them play with. Markets were still up then, except for a coyote of days. Funny that it appears they waited for a down day. Then, just 2 weeks before my 59 1/2 birthday, when they woukd have to release w very minimal fees.
I will never contribute to these again. That's not the first time I've had trouble w them.
However, you go on about someone doing something to make the left look bad. Honey, they don't need any help at all. They are marksist. They are NOT FOR you or I.
I have also been saying Wall Street is a large gambling pit, which has nothing to do with investing in businesses, but most people do not care. For example, we are still feeling the effects of the Great Recession of 2008-09.
It caused millions of home foreclosures, job losses and then hedge funds bought these homes by the tens of thousands for extremely low prices. And rent them out at high prices. Wall Street is the chief reason housing is so unaffordable.
The key takeaway I get from your post is that we have to think not in terms of being capitalists, but see capitalism as a necessary, but small part of commerce. To thrive, we must do business in accountable ways. For example, build local and regional economies that are transparently accountable as healthy and supporting neighbors. Capitalism was always to be controlled, because it is the decendant of feudalism. Democratic commerce requires Wall Street be restrained.
You were making some sense there for a minute...I know the terrible fees from so many sides the 401k banking systems charge. It's Robert, especially when some are required to contribute. It costs you to move it. On one 550 contribution I made over 4 mos, company shifted, changed my job, terribly understaffed and couldn't train anyone. I left the disaster and was charged nearly 150.00 in fees for my 550 that I let them play with. Markets were still up then, except for a coyote of days. Funny that it appears they waited for a down day. Then, just 2 weeks before my 59 1/2 birthday, when they woukd have to release w very minimal fees.
I will never contribute to these again. That's not the first time I've had trouble w them.
However, you go on about someone doing something to make the left look bad. Honey, they don't need any help at all. They are marksist. They are NOT FOR you or I.
Get a life Troll. Your AI generated English sucks. F' off!