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If I pay a $7 fee in commissions on a trade, that $7 goes to a brokerage firm, who then pays it out to stock holders of the brokerage firm.. Its still NEUTRAL!!..
Trading stocks moves money from person A, to person B, PERIOD..
Are you trying to argue that wall street commissions caused the economic collapse? haha....
Ok so the blow-hard Pres. was yapping today about evil Wall St......But can someone tell me how in the world he leaves out the biggest culprits,Fanni/Freddi,Dodd and B.Frank?
The B.S. that this guy spews is amazing and the saddest part is, there are people who actually believe it!
History lesson.....C.R.Act and Andrew Cuomo are the real evil S**theads here.....
Maybe he thinks most Americans are not smart enough to get it right. Do you actually think that this president is going to give up his Buddies, Fanni, Freddi, Dodd, and the really nice B. FRANK i don't think so. I say they should all be lumped together, because they each had a sad part of this freaking mess. Some more then others, but each played a part, and therefore should also be mentioned.
Wall Street is EXACTLY who created the crash and economic collapse. They are the ones running the country. You will soon find out my friend.
I'll ask you like I asked the other poster.. HOW? Do you have a clue, or are you just buying the same old bs you heard others say without having a clue?
I'll ask you like I asked the other poster.. HOW? Do you have a clue, or are you just buying the same old bs you heard others say without having a clue?
I tend to trust the experts such as Gerald Celente. He has been dead on for years. Watch this short video and research him.
What exactly caused the problem in your mind.. This should be entartaining..
(p.s. rating companies made them saleable because they were guaranteed by the government, giving them a AAA rating. Thats the GOVERNMENTS fault, not the rating agencies fault)
100% right on!
Oh and dont forget the 1 million $$$ obumer got from Goldman Sachs...
If I pay a $7 fee in commissions on a trade, that $7 goes to a brokerage firm, who then pays it out to stock holders of the brokerage firm.. Its still NEUTRAL!!..
Trading stocks moves money from person A, to person B, PERIOD..
Are you trying to argue that wall street commissions caused the economic collapse? haha....
Sorry you are wrong on this one.
First of all only the discount brokers charge 7$/ stock trade.
Second of all commissions fees spreads are revenue generators.
Dude, I work for a BD. Im telling you they generate tremendous revenue on trading activity, its how they profit.
How do you think multi millions in bonuses are paid out to their trading desks and brokers every year?
And I am not saying wall st commissions caused the collapse but they are excessive. It should not cost an investor 20% in fees and commissions every year to invest their money.
I tend to trust the experts such as Gerald Celente. He has been dead on for years. Watch this short video and research him.
That video discusses a company thats out of business and individuals who lost money investing in the individual company. This thread is discussing Wall Street. Can you discuss the topic? No.. you cant.. Your posting does not support your argument..
Ok so the blow-hard Pres. was yapping today about evil Wall St......But can someone tell me how in the world he leaves out the biggest culprits,Fanni/Freddi,Dodd and B.Frank?
The B.S. that this guy spews is amazing and the saddest part is, there are people who actually believe it!
History lesson.....C.R.Act and Andrew Cuomo are the real evil S**theads here.....
Do you homework. The CRA had to adhere to strict banking guidelines and had nothing to do with this at all. This is what happens when you're educated by right wing blogs, and other liars.
Quote:
Originally Posted by pghquest
That video discusses a company thats out of business and individuals who lost money investing in the individual company. This thread is discussing Wall Street. Can you discuss the topic? No.. you cant.. Your posting does not support your argument..
First of all only the discount brokers charge 7$/ stock trade.
Second of all commissions fees spreads are revenue generators.
Dude, I work for a BD. Im telling you they generate tremendous revenue on trading activity, its how they profit.
Dude, you are confirming I'm correct!!
I buy a stock, and pay a fee, which then sends money to whoever. ITS STILL NEUTRAL. My gain is another traders loss, my loss is another traders gain. its how it works..
I could pay $1,000,000 in fees, and its still revenue neutral because whoever the hell got those fees, SPENT THEM and put them back into the economy.. IT DOESNT DISAPPEAR, nor does it create any new risk which didnt exist previously. The player on the trade might change the risk remains the same!!!
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