Would Bernie supporters be so kind as to define "Wall Street" for us?

[MrMickeysMom]

71. I can't believe you haven't been informed, but here goes...

Since the rise of U.S. commercial banking,which was supposed to have served under federal regulation and acting to compete with state banks, the laws the regulate how lending to the American business and home-buyer have drastically changed. Check out the cabinets of each Presidential administration, especially after Reagon's Ruling class appointees entered the ever-revolving door into Wall Street banking has allowed this industry to control who lends, and who pays. Since then, the power of lending essentially stems from 10 major Wall Street banks with almost no oversight from our Congress.

If you want to point fingers at those at the top, banking regulations are so relaxed, the incestuous relationship with the Federal Banking system is not federal, but these top privately owned banks, who can basically can print money and lend it out to OTHER banks for zero percent. We get to deal with those who can draw from this never ending well. As I see it, the Wall Streeters are (with their total assets after their name)

1. Bank of America Corp. Charlotte, N.C. $2,340,667,014
2. J. P. Morgan Chase & Company New York, N.Y. 2,135,796,000
3. Citigroup New York, N.Y 2,002,213,000
4. Wells Fargo & Company San Francisco, C.A. 1,223,630,000
5. Goldman Sachs Group, Inc. New York, N.Y. 880,677,000
6. Morgan Stanley New York, N.Y. 819,719,000
7. Metlife, Inc. New York, N.Y. 565,566,452
8. Barclays Group US, Inc. Wilmington, Del. 427,837,000
9. Taunus Corporation New York, N.Y. 364,079,000
10. HSBC North America Inc. New York, N.Y 345,382,871

Unfair lending practices, which increases the risk of being able to pay back loans after aggressively marketing and giving a thumbs up to mortgages, brought the greatest economic crisis since the Great Depression after 1929 market crash. Due to relaxation of laws to properly regulate how safe the lending market could become, the IOU's for paying the cost of the home off were allowed to be gambled. They simply BET and LOST because they were no longer able to be regulated as they once were after the depression. (Thank you, Bill Clinton). Since the bets against credit default swaps and rating systems (each big bank's compliance officers being paid off to rate "AAA" over the heaviest risks, the loss due to this irresponsible management fell on the American people. I would image you have some memory, unless you lived off planet that Wall Street bankers went directly to Washington for a bail out of $700 BILLION. We've been bailing them out while the economy's tanking affected millions of jobs. Many people, faced with the way the economy tanked were even less likely to survive the high interest rate they paid, and they lost their homes. Remember. Banks lend to themselves for ZERO percent.

If that's not enough, then I suggest you go to the library or book store and get your reading glasses on.