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business, finance

Investment banking in a nutshell

03.14.08 | Comment?

Help me understand investment banking if you can… as I see it, the business follows the “business cycle” with just two phases: 1) make up a bubble and earn record bonuses; then 2) d’oh! find out that all that money never really existed in the first place, but get bailed out by the government. Convenient.

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