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"New York Stock Exchange: a failed experiment?" AP Report

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Ktheblacksmith is not online. Ktheblacksmith
Joined: 09 Jun 2011
Total Posts: 12
28 Jul 2013 02:26 PM
Traditionally, the New York Stock exchange, better known as the NYSE, is a place for large multinational corporations to sell stocks to traders and investors, right? However, as of late, it has become simply a wasteland of abandoned companies. For example, the NYSE harbors 36 so called "companies". In fact one of them is a Country, and its treasury bank. How could this happen? You see, in the NYSE, there are no regulations, so companies can join, even if they only have one person in them, sometimes, not even the CEO! Another problem is abandoned groups. Boeing, Northrop Grumman, Embraer, BA Cityflyer, and Delta Imports are all companies that have no group owner, OR any staff either. Now, the NYSE has just become an advertising board, for owners of small groups to spam and request people join their groups. Things need to change, but it just may be too late.
(ktheblacksmith, AP, 7/28/2013)
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