Wall Street

Wall Street, one of the biggest financial markets of the world, generates many mix feelings among people. The New York Stock Exchange NYSE based here, is the worldwide leader in terms of share trading volume. During the 2008-09 recession million-dollar payouts were made to rescue some of the banks to recover from their wrongdoing. Occupy Wall Street criticises the corrosive power of major banks and multinational corporations over the democratic process. I am amazed at the speed these financial centres around the world recover from the crisis and come out stronger and more powerful, while people become weaker and more vulnerable. The global economy makes it easier for big companies to shift their profits to countries with low tax rates or hide them offshore. This should be changed through legislation and the will of the governments.