Attention Investors, Wall Street has another plan: Carbon Credit Trading?
Just when you thought Wall Street was going to undergo a major transformation and reform, the Obama administration has created an opportunity to profit. It was only a question of time before the investment bankers stood up, shook off the dirt and began to think of the next vehicle for success. I actually think trading these credits makes sense and why shouldn’t Wall Street get a shot in the arm? Isn’t that good for the economy – in particular the New York Metropolitan area?
Carbon Credit Trading will not replace the gains from the mortgage debacle, but it is a sign that Wall Street bankers are beginning to surface. After all, once TARP funds are paid back, bonuses will be back in vogue.
The following article tells the story well. http://bit.ly/13CZdW
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