A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006.

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Entry from February 27, 2011
Fraud Street (Wall Street nickname)

"Wall Street is looking more and more like Fraud Street,” was printed on the June 17, 2002 New York (NY) Post, describing WorldCom and other major business scandals. The nickname “Fraud Street” was rarely used until the financial crisis of 2008, when “Fraud Street” became frequently used.


New York (NY) Post
27 June 2002, New York (NY) Post, “Outrage over big-biz scams” by Paul Tharp, pg. 4:
Wall Street is looking more and more like Fraud Street.

Google Groups: alt.fan.rush-limbaugh
Newsgroups: alt.fan.rush-limbaugh, alt.politics.clinton, alt.politics.gw-bush, alt.politics.liberalism, alt.politics.libertarian, misc.invest.stocks
From: “cast iron skillet”
Date: Mon, 01 Jul 2002 01:59:33 GMT
Local: Sun, Jun 30 2002 7:59 pm
Subject: WorldCon (GOP influence ?)

World con: As business scandals
deepen, the White House finds itself under fire
Posted on Sunday, June 30 @ 10:22:59 EDT
---------------------------------------------------------
By Ed Vulliamy, The Guardian Observer
(...)
The language that now abounds is that of a popular uprising. Even the right-wing tabloid press - usually sympathetic to corporate interests - joined in this week, with Rupert Murdoch’s New York Post running a special ‘World Con’ section reading: ‘Wall Street is looking more like Fraud Street.’

Google Groups: talk.politics.misc
Newsgroups: alt.conspiracy, alt.politics, alt.law-enforcement, talk.politics.misc
From: (JOHN LEBLANC)
Date: 13 Dec 2002 08:28:24 -0800
Local: Fri, Dec 13 2002 10:28 am
Subject: WALL STREET SHOULD BE CHANGED TO FRAUD STREET!

Those crooks make the mafia look like choir boys.

Google Groups: ,isc.invest.stocks
Newsgroups: misc.invest.stocks
From:
Date: Tue, 02 Oct 2007 15:51:59 -0400
Local: Tues, Oct 2 2007 1:51 pm
Subject: FRAUD Street Shocker! “Market” is “rallying” in the last hour!!

Mark you calendars......You’ll never see this happen again.....The fraudulent friggin’ JOKE of a “market” is “recovering” in the last hour......

Google Groups: misc.invest.stocks
Newsgroups: misc.invest.stocks
From:
Date: Fri, 25 Jan 2008 07:29:33 -0500
Local: Fri, Jan 25 2008 6:29 am
Subject: US Gov to the rescue of FRAUD Street

They’re worried about the economy my foot....This laughable “stimulus package,” along with Benny the Inkjets “emergency rate cut,” which staved off a move to 10K in this laughable “market,” are intended to do nothing but save FRAUD Street....

Telegraph (London)
It’s not just Wall Street with its back to the wall
I’m in shock. Can this crisis get any worse? My instinct is it can. My deep concern is it will.

y Liam Halligan 8:25PM BST 27 Sep 2008
(...)
Having spent the last few days in the US, I can vouch voters are very, very angry about feather-bedding a bunch of overpaid bankers. Even in New York, a city that lives and breaths high finance, the tabloids screamed “Fraud Street” – aimed directly at the Wall Street crowd.

The Observer (London)
When smalltown USA turned on ‘Fraud Street’
Americans have watched with horror as financial chaos has spread across the country, choking the economy and threatening to plunge the country into recession. Last week they turned their anger on the administration as it battled to put together a rescue package. Report by Paul Harris in Pennsylvania, Ruth Sunderland and Heather Stewart
Paul Harris in Pennsylvania, Ruth Sunderland and Heather Stewart
The Observer, Sunday 28 September 2008

BusinessWeek
News Analysis
October 18, 2008, 12:01AM EST
The Financial Crisis Blame Game
Think of the current market and economic turmoil as a disaster by committee, with blunders by government officials, Wall Street pros, and regular Americans alike

By Ben Steverman and David Bogoslaw
Tune in to Anderson Cooper on CNN and watch as he counts down the “10 Most Wanted Culprits of the Collapse.” Pick up the New York Post and read about FBI investigations of top financial firms under the headline “Fraud Street.” With a bewildering and frightening financial crisis in full swing, the new national pastime is finding someone to blame. 

Posted by Barry Popik
New York CityBanking/Finance/Insurance • (0) Comments • Sunday, February 27, 2011 • Permalink