Yesterday the market went into a wild tailspin- pulled out- then is back to swinging like a pendulum. This isn’t anything about “investing” in companies- this is all about betting on horses- and that’s a stupid way to manage an economy. Really-...
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Will Gamestop stop the game of Wall Street?
When the rich do it, it’s smart and capitalism at work. When the masses do it- it’s an affront to the billionaires. A wealthy friend who said “The small investors are doing the same thing the Wall Street/hedge fund people have been doing for years....
The Feds shut down the wrong casino
Let’s see- GE pays no corporate taxes. We have hedge fund managers collecting billions a year– while making the global economy fail. Angelo Mozilo gets to pay back a pittance of his pay in return for throwing millions of Americans into foreclosure- but no...
High frequency trading on Wall Street- and why it should worry us all
On the average day on Wall Street these days, more trades are executed than the sum total of trades in 1960. Sure, technology has made trading easier- but, as far as I know- the rules of investing haven’t changed that much. Investing is supposed to be how you...
Why Johnny Q. Public can’t pay his mortgage but can bail out Wall Street
Our system is broke. It’s now as morally bankrupt as Wall Street. The American dream is now a complete and utter farce and the belief that the people we elect actually “represent” us should be forgotten as fast as they forgot us with this...
Nicolas Sarkozy agrees with David Esrati on the “Financial Casino”
I’ve been calling for changes in the way Wall Street works for several years. Financial markets were designed for raising long term capital for investment in business concerns- based on long term business strategies. What they’ve become is a casino, where...
League of Women Voters candidates’ night- recap
I invited 35,000 of you to come to the League of Women Voters’ event tonight via a robo-call. It’s a technology I find offensive, and I apologize profusely for intruding into your homes with a 30-second call. It’s not my preferred way of campaigning,...
The “risk takers/job creators” myth
The “American dream” is that this is a land of opportunity. America is supposed to be the magical place where anyone can work their way up from poverty to the presidency, or at least that’s what we’ve believed. Recent studies found that our...
Why should you vote for David Esrati for Congress in OH-10
Yesterday I posted the positions for my congressional run. It’s too long- it’s covering a ton of things I’ve posted on this site before, and it’s on www.electesrati.com for you to peruse. However, I run into a fundamental problem with having...
First campaign commercial- addressing the foreclosure crisis: Esrati: My Neighborhood
No matter where you live in OH-10, you have had it happen. A neighbor loses their job (GM, NCR, Iams, the list goes on) or a family member gets a terminal disease, or gas prices go up to $4 a gallon and begin the slow process toward foreclosure. The banks refuse to...
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