|
|
|
|
|
by munk-a
2287 days ago
|
|
Nope, sorry - this is literally an injection of cash into Wall Street. Political spin can do massively crazy things but this particular injection is specifically going straight into Wall Street - saying otherwise is extremely disingenuous. |
|
This is analogous to: oil in the ground (the financial market) and companies like Exxon and Chevron (financial market companies).
The financial markets are connected to every aspect of the "average" American's life. 65%+ of working-age Americans are invested in some way through the markets - either a brokerage account or a retirement account (401k, IRA, defined benefit plan, etc...).
So if the US Government steps in to stabilize the markets with an injection of capital, yes, you can argue ad infinitum that this helps the Goldman Sachs of the world. But guess what, financial market companies love volatility. That's when the real money is made. So sure, theyll make money on the way up, but they will also make plenty of money on the way down as well.
An injection of capital into the markets helps the average American. It brings stability to people's nest eggs and retirement funds. It puts a floor on panic selling.
There's nothing disingenuous in my distinction of financial markets vs financial market companies. I a merely pointing out that the market is way more complex and interconnected than is being portrayed in this thread.