Wall Street. A term that designates not only a physical place, but a symbol, a way of thinking. It’s the capital of investing (embodied in the stock market), the capital of high finance (embodied in the banking system), the capital of… capital. It’s the hub of the economy, domestically and internationally.
And it’s the single biggest stumbling block in the Obama administration’s attempt to get the economy back on track.
Tags: Alan Greenspan, banking, economy, financial crisis, nationalization, Obama, Paul Krugman, Timothy Geithner
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