New York Discovers Wall Street Charges Fees

Re:New York Discovers Wall Street Charges Fees by wavesounds on Friday April 10, 2015 @02:09AM (#9352791)

The biggest sham is that Wall Street has convinced us all that they deserve to paid in percentages! Sure %0.2 doesn't sound like much until you realize its $200 million dollars a year. Why is everyone so afraid of just hiring a few smart economists paying them $200k each salary? Nobody really beats the market over the long term anyway.

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Re:New York Discovers Wall Street Charges Fees by learnstats2 on Friday April 10, 2015 @03:38AM (#9352955)

Because somebody already hired those people for a fixed wage and is smart enough to charge us a percentage for it?

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Re:New York Discovers Wall Street Charges Fees by chris_b on Friday April 10, 2015 @03:24AM (#9352921)

Because there are people who will pay those economists a percentage and they would rather work there?

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Re:New York Discovers Wall Street Charges Fees by blueside on Friday April 10, 2015 @01:05PM (#9355653)

The same could be said for real estate agents

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