3 ms·
This is just a cheap shot at an unpopular target. But finance has real value. Do you want a loan? Finance. Invest in stocks, or real estate? Finance. Comp
by mhartl 18y ago
This is just a cheap shot at an unpopular target. But finance has real value. Do you want a loan? Finance. Invest in stocks, or real estate? Finance. Complete a merger? Finance. Have your check clear? Finance.
Some finance companies just play poker with their assets, and the industry has been cartelized and corrupted by government interference and perverse incentives, but most financial service firms provide real value to their customers. That is why they will endure.