During the past few days we've posted a few letters to Wall Street from Main Street and we've been anxiously waiting for a response. Well, it looks like we've got it, and frankly it wasn't what we were hoping for.
An e-mail has been floating around Wall Street today. It was written anonymously and purports to represent the sentiments of the financial sector. (I'm betting it was written by a successful trader who lives somewhere along the southern shore of Long Island. I'm thinking Massapequa.) Now, according to this letter, we're all going to be sorry if Wall Street gets taken down, despite the fact that no one is advocating taking anyone down. All we've asked for is a little consideration for the well-being of Main Street and the country in general, and a bit of transparency.
Well, read for yourself, Main Street.
"We are Wall Street. It's our job to make money. Whether it's a commodity, stock, bond, or some hypothetical piece of fake paper, it doesn't matter. We would trade baseball cards if it were profitable. I didn't hear America complaining when the market was roaring to 14,000 and everyone's 401k doubled every 3 years. Just like gambling, its not a problem until you lose. I've never heard of anyone going to Gamblers Anonymous because they won too much in Vegas.
Well now the market crapped out, & even though it has come back somewhat, the government and the average Joes are still looking for a scapegoat. God knows there has to be one for everything. Well, here we are.
Go ahead and continue to take us down, but you're only going to hurt yourselves. What's going to happen when we can't find jobs on the Street anymore? Guess what: We're going to take yours. We get up at 5am & work till 10pm or later. We're used to not getting up to pee when we have a position. We don't take an hour or more for a lunch break. We don't demand a union. We don't retire at 50 with a pension. We eat what we kill, and when the only thing left to eat is on your dinner plates, we'll eat that.
For years teachers and other unionized labor have had us fooled. We were too busy working to notice. Do you really think that we are incapable of teaching 3rd graders and doing landscaping? We're going to take your cushy jobs with tenure and 4 months off a year and whine just like you that we are so-o-o-o underpaid for building the youth of America. Say goodbye to your overtime and double time and a half. I'll be hitting grounders to the high school baseball team for $5k extra a summer, thank you very much.
So now that we're going to be making $85k a year without upside, Joe Mainstreet is going to have his revenge, right? Wrong! Guess what: we're going to stop buying the new 80k car, we aren't going to leave the 35 percent tip at our business dinners anymore. No more free rides on our backs. We're going to landscape our own back yards, wash our cars with a garden hose in our driveways. Our money was your money. You spent it. When our money dries up, so does yours.
The difference is, you lived off of it, we rejoiced in it. The Obama administration and the Democratic National Committee might get their way and knock us off the top of the pyramid, but it's really going to hurt like hell for them when our fat a**es land directly on the middle class of America and knock them to the bottom.
We aren't dinosaurs. We are smarter and more vicious than that, and we are going to survive. The question is, now that Obama & his administration are making Joe Mainstreet our food supply…will he? and will they?"
Pretty strong stuff. I will say, for the record, that I don't think the writer of this letter should be teaching 3rd grade. But I appreciate you getting the dialogue going, Joe WallStreet. Now, go home, take a hot shower in one of your five bathrooms, have a nice glass of Macallan 1926, and maybe take a ride out to Fire Island on your 72-foot Overmarine. No one is looking to take your money. We just want to you to stop taking ours.
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