Online or on-site, they are where business trailblazers and our editors discuss the critical topics making headlines and where the moments themselves make headlines. Maybe you are utterly confused by the fact that after attacking Wall Street mercilessly during his campaign, Donald Trump has surrounded himself with Wall Street veterans. From multi-day experiences attended by thousands to invitation-only gatherings, our events bring the Journal’s trusted journalism to audiences around the world. Maybe you don’t really understand Wall Street, and phrases such as “credit default swap” make your eyes glaze over. Maybe you hate the greed of Wall Street but know that it’s important to the proper functioning of the world economy. Maybe you think the banks should be broken up and the bankers should be held accountable for what happened in 2008. shows that graduates in these subjects earned 103.5 and 97.8 more, respectively, about 10 years post-commencement. But a year-long survey of 1.2 million people with only a bachelor's degree by PayScale Inc. Instead of being denigrated, they should be celebrated-and made to work better for us. Your parents might have worried when you chose Philosophy or International Relations as a major. Along the way, he argues that Wall Street and the big banks, with their important interstitial role between those who have capital and those who need it, are the invisible-albeit flawed-engines that power our ideas and enable our dreams to be fulfilled. In a brisk, no-nonsense narrative, Cohan traces the history of Wall Street from a handful of traders on a cobblestone street in downtown Manhattan to the multi-trillion- dollar global financial behemoth it is today. Why Wall Street Matters is a timely and trenchant reminder of the good these institutions do-and the dire consequences for us all if the essential role they play in making our lives better is carelessly curtailed.
But in recent years he’s become alarmed by the cheap shots and ceaseless vitriol directed at Wall Street’s bankers, traders, and executives-the people whose job it is to provide both the capital to those who need it and the grease that keeps our economy humming. He has long been critical of the bad behavior that plagued much of Wall Street in the years leading up to the 2008 financial crisis, and because he spent seventeen years as an investment banker on Wall Street, he is an expert on its inner workings as well. He’s one of America’s most respected financial journalists and the progressive bestselling author of House of Cards. Cohan is no knee-jerk advocate for Wall Street and the big banks. If you like your iPhone or your widescreen TV, your car or your morning bacon, your pension or your 401(k), then-whether you know it or not-you are a fan of Wall Street.