The End of Wall Street

Barry Ritholtz has a (3 part) 25-minute documentary by the Wall Street Journal that’s worth watching.  Note that it is all Wall Street Journal reporters who are interviewed, but it’s still worth a viewing.

As a New Yorker, born and raised, my one hope in this recession is that New York City becomes a more heterogeneous city.  Wall Street’s influence on New York City was too large since the 1990s and into the 2000s.  I love New York City but it is not a city I wish to live in at the moment.  If New York City can emerge from the recession as a more honest city, a better place for more people to live, not just rich people, I’d like to live there again one day.