Wednesday, January 04, 2017 11:34:15 AM
Again this is an association and not to be taken literally. It is due too underwriters of public common shares that a private company will often have much better returns but if a bank is not willing to take all the risk often cause of the nature of the risk then someone has to step up to the plate and play ball.
This has often lead to great innovation and jobs but not always positive for the investor.
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