Word: prospered
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Dates: during 2010-2019
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...sustain risk than smaller banks. When I was on Wall Street, we used to have at least 20 firms that competed in the market. My book is the story of how Wall Street started as a group of small firms, and how those firms maneuvered to survive and prosper, but in the process, most either failed or were swallowed up by others. The net result has been a positive for users of capital markets, which can be accessed more cheaply than ever before. But the success of the market has resulted in a vast accumulation of capital in tradable form...
...only exacerbated this mood. Until the federal government takes an active role in the basic economic education of its constituents, things will not get any easier. From Warren Buffet to Joe the Plumber, the economic vitality of the United States is a source of concern whether one seeks to prosper or to secure a leisurely retirement...