Wall Street full of opportunists

The Democrats want to blame the Republicans for the financial problems we are now having, and they do deserve some of the "credit".

However, have not the Democrats controlled Congress for the last few years and is it not Congress that approves the spending?

Other then run for president for the past four years, what has Senator Obama done to prevent the mortgage crisis and Wall street failures?

It seems that the so-called leaders in both parties can only see with 20/20 hindsight what has happened and are incapable of seeing the now and looking at what the future will bring.

Speaking of doing nothing, does anyone else see Wall street as doing nothing? They do not produce anything, they do not provide services, all they do is pass paper back and forth and usually the same paper.

Does any one believe that if General Motors stock goes up $1 that GM will add new employees or build more cars? Of course not, since GM would never see any of that dollar. The selling broker takes his commission, the buying broker his and the buyer (usually a big institution buyer) gets what is left. They then look at their "profit" and decide that is not enough for the trip to Vail or the new car so they sell and start the whole mess all over again.

Wall Street is supposed to be where investments can be made, but when trading is done by computers or by day traders, these are not investors, only opportunists.

Greg Stimpson

Wood Dale