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Monday, 05/29/2023 1:22:18 PM

Monday, May 29, 2023 1:22:18 PM

Post# of 647878
One of the reasons Wall Street had cooked up this new industry called structured finance was that its old-fashioned business was every day less profitable. The profits in stockbroking, along with those in the more conventional sorts of bond broking, had been squashed by Internet competition.”
? Michael Lewis, The Big Short: Inside the Doomsday Machine

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