Investment banks will no longer be the gatekeepers to access to capital markets.
The gatekeepers of access to the capital markets have traditionally been investment bankers. Now it is time for crowdfunding to play a greater role.
Much of What Investment Bankers do is Socially Worthless
Is the finance industry a cancer to society?
In “What Good Is Wall Street?” a long, thoughtfully argued piece in the New Yorker, John Cassidy makes the case that “Much of what investment bankers do is socially worthless” — it doesn’t “provide liquidity” or “price risk,” it merely extracts farcical rents for the relatively utilitarian task of moving money around…
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