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Wall Street sells trust. Trust that, for the one time you want to take a company public in your life, that it won't get screwed up. Trust that they'll repay the
by eldavido 14y ago
Wall Street sells trust. Trust that, for the one time you want to take a company public in your life, that it won't get screwed up. Trust that they'll repay the billions (trillions?) of commercial paper loaned nightly over the phone, day-to-day, to the commercial banks, which they use to pay interest.
Technology is the last thing Wall Street sells.