Random Restless

11/20/09

Wall Street Flag

NYSE, Last Refuge of Scoundrels

What, you expected Wall Street to hide behind some other flag?

If you haven't been down by the New York Stock Exchange lately [map], it's still an interesting sight, with that giddy tourist-friendly anti-terror edge we just don't get enough of anymore.

There's some serious-looking security infrastructure -- its effect intensified by the narrow streets -- and at least one poor bomb-sniffing dog that looked tired of being on high alert.

There's the sculpted scene from Capitalist Heaven above the flag, left, where an apparently pregnant young woman (center) stands amid the naked rabble of industry while her mom (left) panhandles to keep them fully clothed.

Then there's the funny way that Wall Street's hustlers, free from regulation and responsibility, nearly wrecked the world economy all by themselves, without any help from Al Qaeda.  And the unfunny way they've been treated with kid gloves, while unemployment continues to grow.

Maybe most funny is the fact that -- now that any hustler with an Internet server can run their own stock exchange -- the NYSE is losing volume, and that massive flag may have to stay up permanently to hide the emptiness inside.


[ The Big Squander, Paul Krugman, NYT ]
[ Rivals Pose Threat to New York Stock Exchange, NYT ]