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A true investment banker takes no deposits and makes no loans. What are they supposed to do? Gamble with other people money. Gamble with their
A true investment banker takes no deposits and makes no loans. What are they supposed to do?
Gamble with other people money. | ||
Gamble with their own money | ||
Advise the federal government about how to run the economy by testifying to Congress. | ||
Underwrite securities by using their reputation capital as an implied endorsement, and thus helping business- particularly new business, to survive and grow. |
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