Wall Street traders redistribute wealth to themselves
11/07/2013 8:11 AM
11/06/2013 4:42 PM
Re "SAC to plead guilty, pay U.S. $1.2 billion" (Business, Nov. 5): The large Wall Street firm, SAC Capital, pleads guilty to insider trading violations -- criminal conduct. Wall Street bankers and traders are the kings of wealth redistribution. They redistribute wealth to themselves. They produce nothing and provide no service of value to main street. Rather the opposite; Wall Street traders and investment bankers merely skim money off the top of our economy in astronomical proportions.
-- Larry Braybrooks, Fair Oaks
Editor's Choice Videos
Join the Discussion
The Sacramento Bee is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.