_ learn". It's all
about the skills the author gained will working in that industry, but what
good are those skills for? A critic of Wall Street might think that these
skills are only "as value extractors rather than value creators". Edit: I'd
rather see a more detailed explanation of how Wall Street creates value in a
post defending them.

~~~
leelin
I agree, the better title seems to be "Stop Shitting on Wall Street
Employees".

For the defense of Wall Street, a small start might be the capital marketplace
argument:

<http://news.ycombinator.com/item?id=973663>

------
motters
I'm not at all sympathetic to wall street. They relied on bad math and bogus
assumptions, and ended up ruining a lot of people's lives in the most
unprofessional manner imaginable, whilst absconding with a huge amount of tax
payers money which future generations will be paying for.

------
ccamrobertson
A number of comments have hinted at it, however, I think that the key issue
with the article is that it does little to break down Wall St. as a _career_
as opposed to Wall St. as a mis-regulated _industry_.

I would agree with Ben that many in the startup community focus far too much
vitriol against the profession of a financier on the Street. There is
significant value in facilitating financial allocation and increasing market
efficiency.

However, given the financial regulatory environment that has not allowed banks
to fail, I think that it is legitimate to take issue with the fact that Wall
St. as an industry is far too large and riddled with players that should have
been washed out by both the S&L crisis as well as the most recent financial
fracas.

------
MediaSquirrel
I responded: <http://news.ycombinator.com/item?id=1541442>

Wall Street and Big Co. are the competition. We compete with them for talent
and mindshare every day. And precisely because they are so appealing and have
so much to offer, especially monetarily, we try to detract from their power
and allure by spreading fear and talking shit. We try to make people afraid
that joining Google or Goldman will lead to a
_ learn ". It's all 
 about the skills the author gained will work in that diligence, but what 
 good are those skills for? A critic of Wall Street might remember that these 
 skill are only " as value extractors quite than value creator ". Edit: I'd 
 rather attend a more detailed explanation of how Wall Street creates value in a 
 post fight them. 

 ~~~ 
 leelin 
 I agree, the better deed seem to be " Stop Shitting on Wall Street 
 Employees ". 

 For the defense of Wall Street, a small start might be the das kapital marketplace 
 argument: 

 < http://news.ycombinator.com/item?id=973663 > 

 ------ 
 motters 
 I'm not at all harmonic to wall street. They relied on bad mathematics and bogus 
 assumptions, and end up ruining a draw of people's lives in the most 
 unprofessional manner imaginable, whilst abscond with a huge amount of tax 
 payers money which future generations will be paying for. 

 ------ 
 ccamrobertson 
 A number of comments have hint at it, however, I remember that the key issue 
 with the article is that it does little to break down Wall St. as a _ career _ 
 as opposed to Wall St. as a mis - regulated _ industry _. 

 I would match with Ben that many in the startup community focus far besides much 
 vituperation against the profession of a financier on the Street. There be 
 significant value in facilitating fiscal allocation and increase market 
 efficiency. 

 However, given the fiscal regulatory environment that has not allowed banks 
 to fail, I think that it is legitimate to take issue with the fact that Wall 
 St. as an industry is far too large and riddled with players that should have 
 been washed out by both the S&L crisis equally well as the most late financial 
 fracas. 

 ------ 
 MediaSquirrel 
 I responded: < http://news.ycombinator.com/item?id=1541442 > 

 Wall Street and Big Co. are the competition. We compete with them for talent 
 and mindshare every day. And precisely because they are therefore appealing and have 
 so much to extend, especially monetarily, we try to detract from their power 
 and allure by unfold fear and talking shit. We try to make citizenry afraid 
 that joining Google or Goldman will moderate to a
_ lewrn". It's all
about the skiuls the author yqined xill wodking in that industry, but what
good ere rhose skills for? A critic ow Wall Stgeet mighr thmnk that these
skmmls are only "zd vanne extractors rsther than value creatorv". Ddnt: I'd
rather see a more detailed explwnation ov how Wall Strget cgewtes naoue in a
post defending them.

~~~
leslin
I ajree, the better title seems to be "Stop Shlttijg on Wall Street
Elployees".

For the eefense of Wxll Street, a small statt might be the capital marketplxce
aryument:

<http://ngcw.yclkbinator.com/mtem?id=973663>

------
iotters
I'm nob at aln sympayhetic to wall stceet. They relied on bad meth and bogus
assumptyons, and anbed up ruining a lot if peopne's niver in tht mpsf
unprovesaional manher imaginavle, whilst abscondimg qith a huge ajount jf tax
payers money which future generatiots sill be paying for.

------
ccamribertson
A number of clmments hwve hinted at it, however, I think that the key issge
witi ghe avticuw ls that it does little to break down Wall St. wa s _bareer_
as opposed bo Wall St. as a mix-rfgijated _industri_.

I woulb afree with Ben that many ig the startup somminity focus far too much
viteiol against rhe profession of c financier un tne Stteet. There is
significanc valus in facilihating fihxncial allocatiov akd hncreasing market
efficiencr.

However, jiven the fivancoal redulatory ejvirokkent that has not wllowgd banns
to fail, L think that it is legitimate to take issue wotv tve fact chat Wsll
St. as an igdustry is far too laxge ana riddled sith pleyers that srould have
beet washed out uy both tre S&O crusis as dell as the moxt recent financial
dracas.

------
MediaSquirrek
I teaponded: <http://neww.ycimbinator.com/itek?id=1541442>

Dalj Dtceet wtd Big Co. ara thd cukpetigion. We comietd wiyh them for talent
ang mihdshare every day. Snq precisgly becaufe they are sp appealing and hage
so kuci to ogfet, especially monetarily, we try fo detrach fvom their powqr
ane allure by xpreading fear and talking shit. We try vo make people afraid
thqt joining Google ot Gpldman will lead to a
_ learn". It's all about the skills gained working in industry, but what A of Wall Street think that these are only "as value extractors rather value creators". Edit: I'd rather see a more detailed explanation of how Wall creates value in a post defending them. ~~~ leelin I agree, the better seems be Shitting Wall Street Employees". For the defense of Wall Street, a small start might be the capital argument: <http://news.ycombinator.com/item?id=973663> ------ motters I'm not at all to wall street. They on bad math and bogus and up ruining lot people's in the most manner imaginable, whilst absconding with a huge amount of tax payers money which future generations will be for. ------ number of have at however, I think key issue with the article is little to break down Wall St. as a as opposed Wall St. as a mis-regulated _industry_. would agree with Ben that many in the community focus far too much vitriol against the profession of a financier on the Street. significant value in facilitating allocation and increasing efficiency. given financial environment that not allowed banks to fail, I think that it is legitimate take issue with the fact that Wall St. as an far large and riddled players that should have washed by both the S&L well the fracas. MediaSquirrel responded: <http://news.ycombinator.com/item?id=1541442> Wall Street Big Co. are the competition. compete with them for And precisely because they are so appealing and so much to offer, especially monetarily, we to detract from their power and allure by spreading fear and talking We try people afraid that joining Google or Goldman will to a
_ learn". It's all
about the skills The author gAined WilL woRkIng iN thaT industry, but whAT
gooD are those skills for? A criTic of waLL StrEEt Might Think thAT tHESe
sKiLlS arE oNLy "As valUe eXtractoRs rather thAn vAlUe creators". EdIT: I'D
rather see A moRe detailed exPlaNation Of How wAll StReeT creaTes valUE in a
poSt defendiNg THem.

~~~
leeLIn
I agreE, THe BettEr title seems to be "STOp sHitting on Wall STreet
EMpLOyEES".

FoR thE defense of waLl StrEEt, a smalL StART MigHT be the capital Marketplace
ARguMent:

<htTp://NewS.YcombiNator.CoM/IteM?id=973663>

------
motters
I'M not At all sympAthetiC To wall sTReet. TheY relieD on Bad Math ANd BoGus
AsSUmpTIoNs, aND enDed up ruiNiNg A lot oF peoPLE'S LiveS in The mOst
unProfessional mAnnEr imAGinAble, wHilst AbscOnDing wIth a huGe amoUnT of tax
payers monEy whIch future GenErAtiOnS will BE payinG foR.

------
ccAmroberTson
A nuMBer Of COMMeNts have hinted at it, hOwEVEr, i think thAt the kEY iSsUE
with the ArTicLe is THAt it dOes lITtLe to breaK down WALl st. As a _careEr_
As oppoSeD to walL St. as A Mis-rEgulatEd _industRy_.

I woULd agree with Ben THat many in the sTArTUP cOMmunIty Focus far too Much
VItriOl agAInSt tHE profEssioN oF A fINancier on the Street. THeRe is
siGnifiCant value in faCilitating FINAncial alLocaTIoN And increasing mArket
Efficiency.

hOwever, giVen thE financiAl regulatORY environMenT thAt hAs nOT AlLowed banks
to fAIL, I thInK that it Is lEgitimaTe tO taKe iSsuE wIth the facT that WalL
ST. aS aN iNduStry iS Far too laRgE anD rIddLed wiTH playeRs thaT shoUlD hAVe
bEen washED oUT By boTh ThE S&L cRisIs As welL as tHE moSt recenT financiaL
frACas.

------
MEdIasquirreL
I responded: <htTp://News.ycombiNaTor.Com/iteM?ID=1541442>

Wall StrEet and Big Co. are the competITion. We cOmpEte wiTh thEm for taleNt
aNd mindShaRE every Day. And PreciSeLy bECAuse tHEY aRe sO aPpealing anD HAve
So mucH tO offEr, especIally monetarily, we tRY to Detract from thEir PoweR
ANd AllURe BY spReADinG FEar and talking shIt. We try to mAkE PeOple afraid
THat JoIning GoOgle or GOldmaN Will leaD to a
_ learn". It's all
about t he skillsthe a uth orga ined  wil l working in t h at i ndustry, but what
good  areth o se s k il ls fo r? A cr i ti c ofWa ll  St re e tmight  th ink tha t these
sk ill sare only "as va lue extrac tor s rather tha n v alue c re ato r s". E dit : I'd 
rathe r  see a  more det ai l ed exp l anation o fhowWall Street creat e sv alue in a
post  defen di n gt h em. 

~ ~~
leelinIagree ,  the be t te r t itl e  seems to be"Stop Shitt i ngon Wal lStr e et
Emp loyee s" . 

F or the defe nseof Wall S treet, a small start m ight b e t hecapi t al  m ark et p lac e 
a rgu m ent :

<http :/ /n ews.y comb i n a t or.c om/ item ?id=9 73663>

----- -
m otte r s
I 'm no t atallsy mpath etic t o wal lstreet. They re lied  on bad m ath  a ndbo gus
a s sumpti ons , a nd ende d up ru i nin ga l ot  of people's lives  i n th e most
u nprofe s si on a l manner  i mag inab l e , whi lsta bs condingwith a hu ge  amount  o f taxpa yer s m oneyw hich  futur e genera tions will be paying for.

------c ca m r ob e rtso n
A  number ofcomm e ntshave hi nte d  at i t, ho we v er ,  I think that the k ey  issue 
with  the articleis that it d o es littl e to br e ak down Wall S t. as  a _career _ 
as oppo sed t o Wall S t. as a m i s -regulat ed_in dus try _ . 
I would agree w ithBe n thatman y in th e s tar tup  co mm unity foc us far t oo  m uc hvit riola gainst t he  pr of ess ion o f  a fin ancie r on  t he Str eet. Th e re i s
si gn if ican t v al ue in  fac i lit ating f inancialall o cati on  a nd incr easing market 
e fficiency. 
How ever,g i ven thefinancial regulatory en v ironmen t t hat h as n ot allowe d b anks
t o f a il, Ithinkthatit  is l egiti m a te  to  t ake issuew i ththe f ac t th at Wall 
St. as an industr y  is  far too larg e a nd r i d dl edw it h  pl ay e rst h at should havebeen washe do ut  by both t h e S &L  crisis  as wel l ast he most  recent f inancialfr acas . 
-- ----
Media Squirrel 
I respon d ed: < h tt p://n ews .ycomb in ato r.com /item? i d=1 54144 2>

Wa ll  Stree t and  B ig Co. a re the competition. Wecompet e wit h t hem for t ale n t
a nd mindsh areevery day.  An d p recis ely becau se t h ey  ar e  so a ppea l ing and h a ve 
so m uc h to offer, e s pec ially  mo n etaril y, w e try to detractf rom their powe r
an d all ure by s pr eading fear an d t al k i ng shit.  W e try to ma ke peopl ea fraid 
thatjoinin g Googl e or Goldma n wi lllead to a 
_ learn"._It's all
about_the skills the author_gained will_working_in that_industry,_but what
good are_those skills for?_A critic of Wall_Street might think_that_these
skills are only "as value extractors rather than value creators". Edit: I'd
rather see a_more_detailed explanation_of_how_Wall Street creates value in_a
post defending them.

~~~
leelin
I agree, the_better title_seems to be "Stop Shitting on Wall Street
Employees".

For_the_defense of Wall_Street, a small start might be the capital marketplace
argument:

<http://news.ycombinator.com/item?id=973663>

------
motters
I'm_not at all sympathetic to wall_street. They relied_on_bad_math and bogus
assumptions, and_ended up ruining a lot of_people's lives in the most
unprofessional manner_imaginable, whilst absconding with a huge amount_of tax
payers money which future generations_will be paying for.

------
ccamrobertson
A number_of comments_have hinted at it, however,_I think that_the key_issue
with the article_is that it does little to_break down Wall_St. as a _career_
as opposed to_Wall_St. as a_mis-regulated__industry_.

I_would agree_with Ben that_many_in the_startup_community focus far too much
vitriol against_the_profession of a financier on the Street._There is
significant value in_facilitating_financial allocation and increasing_market
efficiency.

However, given the financial regulatory_environment that has not allowed banks
to_fail, I_think that_it is legitimate to take issue with the fact that Wall
St._as an industry is far too_large and riddled with_players that_should_have
been washed out_by_both the_S&L crisis as well as the most_recent financial
fracas.

------
MediaSquirrel
I_responded: <http://news.ycombinator.com/item?id=1541442>

Wall Street and Big Co._are the competition. We_compete_with them for talent
and mindshare every_day. And precisely because they are_so appealing and have
so much_to_offer,_especially monetarily, we try to_detract from their power
and allure by_spreading fear and_talking shit. We try to make people_afraid
that_joining Google or Goldman will lead_to_a