Market Review and Trends
Make Wall Street Great Again!
By The Fifth Person  •  December 5, 2016
Hey, do you remember this little event back in 2008-2009 called the subprime mortgage crisis, or better known as the financial crisis? That was nearly a decade ago and, boy, were those good times. Oh, and remember that before the crisis, the root cause that led to the crisis was the lack of regulations to keep human greed and short-termism in check right? The Wall Street heydeys from 2002-2006 mirrored the heydeys of the 80’s with the leveraged buyout boom with Michael Milken leading the charge at Drexel Burnham Lambert. Loose regulations allowed the banks to lever up and go crazy on derivatives trading; massive bonus payouts incentivized them exacerbate the vicious cycle of greed. What stopped this was obviously the credit crisis but it was the suffocating regulations that followed that truly came down on the banks like a ton of bricks. Prop trading was essentially banned in the ......
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By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
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