We Are Wall Street


By Michael Stifter
The New York Stock Exchange is the cradle of capitalism. It is the symbol of America’s economic power. And now it is going to become German — at least a little.
Translated By Ron Argentati 

Edited by Jessica Boesl

Germany – Augsburger Allgemeine – Original Article (German)
Big ideas often come to grief because of small details. The Germans and Americans have just forged the largest stock exchange in history, and what is the financial branch talking about? What to name this new giant.
A minor detail? It is not that simple. In the supposedly objective world of finance, feelings play a large part. Rise and fall, wealth and bankruptcy, no other institution embodies this combination of cool heads and passionate hearts like Wall Street.The New York Stock Exchange is the cradle of capitalism. It is the symbol of America’s economic power. And now it is going to become German — at least a little.
Many Americans fear they will lose out in the fusion of the German and New York exchanges. After all, the Europeans will form the majority in this future financial giant. Or, to put it more simply: We are now Wall Street, too.
Outrage in Manhattan! Newt Gingrich sees the merger as a clear sign of America’s decline. Of course, it is obvious that the Republican politician, who made Bill Clinton’s life so difficult, is mainly looking to attack President Obama. But his remarks go beyond mere political rhetoric. They touch a national nerve.

Read More>>

Advertisements

Comments are closed.

%d bloggers like this: