Page "Wall Street" Paragraph 51

Wall Street's culture is often criticized as being rigid.

This is a decades-old stereotype stemming from the Wall Street establishment's protection of its interests, and the link to the WASP establishment.

More recent criticism has centered on structural problems and lack of a desire to change well-established habits.

Wall Street's establishment resists government oversight and regulation.

At the same time, New York City has a reputation as a very bureaucratic city, which makes entry into the neighborhood difficult or even impossible for middle class entrepreneurs.