Before the sputtering classes start spraying saliva, let me - TopicsExpress

Before the sputtering classes start spraying saliva, let me comment up front that the folks in the movie were up to unquestionably illegal activities, and most of the people on Wall Street (technically, I dont think this firm was even located on Wall Street) arent breaking laws. However, if you have seen the movie, and recall Mathew McConaugheys character near the beginning, a legitimate broker, you know the distinction is based upon the letter of the law. There was nothing socially beneficial about what that firm of stock brokers did; indeed, it was often as harmful as the penny stock operation. And that is the dirty not so secret of modern finance: when it comes to greasing the wheels of finance, these days there are fewer and fewer wheels, and more and more grease. The worlds (especially Americas) resources are mortgaged to provide plenty of action in these giant casinos. And the winners, often winning simply because someone has to get lucky, display one talent, the ability to sell the public on the idea they are something other than degenerates.

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