Why Do WE need to Know?

Wall Street
Wall Street
Big Bonuses
Big Bonuses
Retirement Money
Retirement Money

Last week I heard a so called Wall Street expert, explaining to us uneducated masses, how “Weiner gate” or the behavior of Lindsay Lohan can all affect the “market”.

Surely what he should be saying is how they could affect the market. He and his amazingly well paid colleagues should, if they are doing their jobs, stop these things from having an effect.

To me, some of these people, most, probably, think they are there just to make money for themselves. Which, of course, they are but they should be doing it in such a manner that keeps the market stable and make the money from that.

Every time there is some kind of financial crisis we hear new excuses. Too much oil, not enough oil, there is a war going on; there are no wars or somebody spat on the sidewalk.

Of course everything can affect the economy but that is why, there are supposed to be experts there, to stop them from becoming ill effects. If the economy slumps, it means they are not doing their jobs right. They lost sight of the ball.

If a fireman, soldier or nurse make a mistake lives could be lost and they could find themselves, at best, picking up a check from social at the end of the year. They mess up; they still pick up big end of year bonuses.

OK, they say that if they mess up, the whole country perhaps the world could feel the ill effects that is why they get the big bucks.

Alright, let’s assume I believe and agree with this. Why do they still get the big bucks if they screw up?

In recent years it has become apparent that, no matter how much we complain or protest, they will continue to get big bonuses regardless of how they perform. Why is it though, even when they are getting our hard earned money, they insist on trying to get our sympathy too?

If they are looking for sympathy, I suggest they look in a dictionary between symptom and syphilis. They should keep their eyes on the ball and concentrate on making sure the little money we put aside, is still worth something when and if we are fortunate enough to retire.

They are not interested in how we do our jobs, so why should they assume we are interested in how they do theirs? They are obviously aware that everything can affect the market, so why aren’t they correctly anticipating? They say they only knew afterwards what had happened. Afterwards, any of us could tell them what happened. They are supposed to pre-empt these things. If they can’t, then they are only there to add up the losses and any high school graduate could do that and not expect six zeros for doing it.

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Comments 6 comments

dahoglund profile image

dahoglund 5 years ago from Wisconsin Rapids

Experts,especially government experts, can make the economy worse. i don't know if hey have ever made it better.


WillStarr profile image

WillStarr 5 years ago from Phoenix, Arizona

I see.


rafken profile image

rafken 5 years ago from The worlds my oyster Author

Willstar I expect them to keep the markets stable. If I knew how, I would do their job. If they can't, at the very least, I would expect them to say so and except the personal losses like everybody else. They should not get bonuses regardless of performance. If a factories sales go down, it may not be the workers fault but he will still probably have to face a drop in wages, bonus or both. Why should these people be different?


WillStarr profile image

WillStarr 5 years ago from Phoenix, Arizona

Unanswered:

"He and his amazingly well paid colleagues should, if they are doing their jobs, stop these things from having an effect."

"How? What do you expect them to do?"


rafken profile image

rafken 5 years ago from The worlds my oyster Author

If the markets do good, they want the glory. If it does bad, it's not their fault. The market is their "Tool". It is a bad workman that blames his tools.

If they like to eat fish but cannot find fish to eat. They will blame the fisherman. If the market does bad, who am I to blame, the fisherman?

They should not cry on our shoulders. If they must cry, cry into their "wads".


WillStarr profile image

WillStarr 5 years ago from Phoenix, Arizona

"He and his amazingly well paid colleagues should, if they are doing their jobs, stop these things from having an effect."

How? What do you expect them to do?

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