Why did the stock market just crash?

1 Answer

Answer :

answer:Well, I’ll answer your second question: The general speculation on the lack of an increase in Wall Street suicides has a serious answer and a non-serious answer. Non-serious: They threw themselves out of windows back in the day. In this day, you can’t open the windows of business buildings. Serious: Back in the day those people had to personally tell their clients, who they also knew, that they’d lost all of the money. There was immense trust placed in them and they’d betrayed it. Today, we all know that Wall Street is full of greed and corruption. There is distance between a trader and his clients as well as the expectation that they won’t really care about the little people, just themselves. We may yet see some suicides from traders, but it won’t be because they’ve lost Anna Marie Smith’s nest egg and now she can’t retire. It’ll be because they lost their own riches. I know it is a lot of stereotyping of Wall Street types, but basically some of the speculation about why there haven’t been suicides is that the traders just don’t care as much about the people they’ve ruined. And there isn’t as much public distaste and disdain heaped upon them because we already had notions of them as sleazy, they’re just living up to those notions now.

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