GREED IS GOOD

EOC Week 6
Wall Street the hidden face on the American dollar, few realize the significance of Wall Street and its effect on American culture. If you wish to know where we stand as a nation read the indexes, one of these being the New York Stock Exchange (NYSE). This is where will find the price of oil by the barrel, or how much Orange Juice is going to cost in Super Markets. When something has value and enough people want it, and can become a publicly traded item known as shares or stocks. The day the idea of Real Estate Investment Trust (REIT), was conceived the inventor truly thought he had something and so did Wall Street, another way to fuel their greed, however; I can see the potential in this concept. I feel as though it was poorly governed and regulated, but was truly meant to give those with not so great credit a chance, to obtain an American quality of life that may have been unimaginable before, or was it? I firmly believe anything controlled by man can be manipulated to work in another’s favor.
Being the father of this brain child entitles you to a certain amount of compensation, but when your child becomes the destroyer of worlds, that compensation should be forfeited until all the bugs are worked out of the system, or is it the price Americans pay for doing business?
The movie “Wall Street” depicts the power of greed and what one will do to achieve it, regardless of whose left holding the check. The movie is 30 years old and still reflects today’s business practices indicating the same problems that existed then, we still experience today. As long as business is conducted someone is guaranteed to receive the short end of the stick.