Quote:
Originally Posted by Riot
Nobody complains when you invest in a company and it is profitable, and most people can take a company not being profitable.
But that's not the way to make money on Wall Street for some time now. That's the point and why people are angry.
The way big money is made now is not purchasing stock in companies, but buying and selling packages of crap like mortgage derivatives. No longer is it buying and selling hard assets and business acumen.
You have Wall Street companies that sell stuff to their investors, then the company takes the short position. And it hasn't been the investors making money.
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So it is ok for union pension fund to profit from companies that supposedly are doing harm to their workers in order to make that profit bigger?