[lit-ideas] Re: Wall Street and Capitalism
- From: David Ritchie <ritchierd@xxxxxxxxxxxxx>
- To: lit-ideas@xxxxxxxxxxxxx
- Date: Thu, 9 Oct 2008 13:42:35 -0700
On Oct 9, 2008, at 1:12 PM, Judith Evans wrote:
How many 'reg'lar folk' bought stock?
Well we all did when America moved from defined pension plans more
DIY pension plans. Even if reg'lar folk don't hold stock directly,
their DIY pension funds do.
But Paul is right. When stock trades cost a hundred dollars each,
working stiffs didn't buy stock. At nine dollars a trade, and with
everyone who knows someone who has made one good decision, the
temptation is far greater.
David Ritchie,
Portland, Oregon
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