Wall Street

A metonym for the American financial industry and its largest institutions, centered on the New York financial district; it refers collectively to investment banks, securities firms, financial markets, and their practitioners. In these claims it denotes the institutional nexus of finance whose practices, pay, corruption, and influence are subjects of analysis.

Claims that use this term

• Insiders dismissed the bad-apples excuse as covering pervasive Wall Street corruption
• Slate financing pooled film series to diversify risk for Wall Street investors.
• Wall Street lacked prestige in elite business schools during the early 1950s
• Academic economists lent public trust to the TARP that Wall Street economists could not
• Andrew Lo denies the crisis implicated efficient markets, Wall Street pay, or bank leverage
• The FCIC’s competing crisis narratives both shielded Wall Street from blame