Posts Tagged ‘Wall Street’
Tags: Bitcoin, cartoon, corporations, Koch brothers, lobbyists, Obamacare, oil, politics, Senate, United States, Wall Street, workers
Tags: chart, healthcare, investment, Obamacare, Only in America, Wall Street
We’re all betting on the success of Obamacare to expand people’s access to decent, affordable healthcare. Apparently, for quite different reasons, so are investors [ht: sm].
“A new online broker, Motif Investing, is offering Obamacare’s friends and foes alike a chance to put their money where their mouth is. Co-founded by a former Microsoft executive, Hardeep Walia, and backed by Goldman Sachs and other investors, Motif allows customers to bet on narrowly tailored concepts.”
“Two of the hottest motifs right now are Obamacare and repeal Obamacare.”
“What’s most striking isn’t the performance of the two funds, but where investors are choosing to place their money … One is clearly more popular: … Motif investors have bet 45 times more money on Obamacare’s success than on its failure.”
Tags: cartoon, Cincinnati, corporations, environment, inequality, Jesus, religion, rich, Wall Street, water, West Virginia, workers
Tags: banks, California, cartoon, corporations, environment, food stamps, inequality, regulation, rich, Tories, United Kingdom, Wall Street, water, West Virginia
Tags: Big Pharma, cartoon, corporations, drugs, environment, profits, Third World, Wall Street, West Virginia
Tags: cartoon, coal, corporations, environment, inequality, Paul Ryan, safety net, Wall Street, wealth, West Virginia
Tags: bankers, films, greed, Martin Scorcese, Oliver Stone, Wall Street
I went to see Martin Scorsese’s Wolf of Wall Street over the break—and, as readers know, I didn’t much like it.
Still, I can thank my luck stars I didn’t view it with Steve Perlberg in Manhattan’s financial district.
There’s a lot of talk about how Wall Street has “changed” since the financial crisis. Compliance is up, bonuses are down, the holiday parties are boring.
But you wouldn’t necessarily know that from what these guys were cheering at.
When Belfort — a drug addict who later attempts to remain sober — rips up a couch cushion to get to his secret coke stash, there were cheers.
Then, intercut with Popeye eating spinach, Belfort is irrevocably high on Quaaludes (or “ludes,” a muscle relaxer) and dumps coke into his nose to remedy the situation — more cheers.
The worst, though, mild spoiler alert … At one point later in the movie, the feds get Belfort to wear a wire to implicate others at his firm. Meeting with his No. 2, Belfort slides over a piece of paper: “Don’t incriminate yourself. I am wearing a wire.”
And the crowd goes wild. Don’t rat! Stand by your firm!
Bankers: First of all, don’t cheer in a movie. It’s weird. You can laugh, but no cheering. Second, guffawing while Leo attempts to evade federal indictment doesn’t exactly help America’s perception of your societal value.
Maybe Scorcese’s latest will come to play the same role as Oliver Stone’s 1987 film: an obvious critique of “greed is good” to many of us, but a celebration of that same ethos to the real wolves of Wall Street.
Tags: benefits, capitalists, cartoon, films, profits, Republicans, savings, unemployed, wages, Wall Street, workers
Tags: benefits, cartoon, class, jobs, Koch brothers, Republicans, Senate, unemployed, United States, Wall Street