Wall Street knows the price of everything, but the value of nothing. This is an old saying that unfortunately is still true. We live in a (mostly) free market economy and the prize goes to the highest bidder. But it seems wrong to have the New York Stock Exchange go to a foreign buyer. The Exchange goes back to the famed buttonwood tree in 1792. Capitalism was born in the United States and despite its many flaws, is still the best system for advancing the human condition. There are few icons that should/need to be preserved, but this is one.
When the twin towers came down on 9/11, New Yorkers wondered if they could recover. I had breakfast two days after with the intellectually toughest man I know. And we both sat and cried at what had happened to our City. America and the rest of the world looked on and wondered as well. The focus shifted to the Exchange as the symbol of New York, America, and what our country stood for. Through herculean efforts the Exchange quickly reopened and the world marveled and knew New York, therefore America, could not be defeated.