The trouble with Wall Street is well, Wall Street. Those folks in New York City, especially Manhattan, think they are the center of the universe.
Lets move our financial institutions to Omaha Nebraska. That will give them more common sense than they would ever be able to gain on that little island in New York. Warren Buffett has done pretty well with himself by staying there all these years. He has weathered most of the melt-down in pretty good shape. He doesn’t let the flashy lights of fame and fortune cloud his judgment.
The people who live in or near New York City don’t really have any idea of what the rest of the country is about or what our priorities are. I lived in that area for four years waiting to finish out my corporate life before claiming my pension and leaving soon thereafter. When many in that area learned that I was from Indiana the first question they asked was “what is there to do out there in the Midwest?”. To them anything outside of their area is simply a “cornfield with lights”. They don’t understand that there is life without having to live packed together with millions of other people.
I won’t reserve this mentality for only those in the Northeast as those California folks think much the same way but on a different topic. They can’t understand the changing seasons have an appeal to some of us. They can’t understand why any of us would want to live where it gets cold or where there is no ocean.
So, getting back to the original premise of this post lets move our financial district to Omaha. Maybe some saner minds would then prevail for the very fact that not many of those Manhattan folks would follow their jobs to the “cornfield with lights”. But then again maybe I am wrong about that. Greed is a powerful thing…
But what do I know….