NYC Politicians Want To Completely Eradicate Wall Street From The City ?!?!

You can't believe everything you read. Case in point: NY Post reports a nice little rant from Dick Bove today:

New York politicians know what their constituents want. They want the financial industry punished. They want Wall Street moguls punished. They want the CEO of the largest financial companies in the world to make less money than the third baseman of the New York Yankees. The hue and cry to get those rich bankers will never die in old New York. It will not die until there are no bankers left on Wall Street. There are no major banking firms headquartered on the physical location known as Wall Street. The two major brokerage firms left in New York have indicated that they intend to cut their costs by a billion dollars apiece in the next three years. To do this they will reduce employment in New York. They will move functions to India, China, and Japan. The fact that the physical place known as Wall Street is no longer the conceptual place known as Wall Street is significant. It reflects that the conceptual Wall Street is leaving New York and the United States.


Read more: http://www.businessinsider.com/dick-bove-new-york-politicians-want-to-completely-eradicate-wall-street-2011-7#ixzz1REk186H0