What is Investment Bank?
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Greed, the downfall of American Productivity.
If your factory or enterprise is no longer privately held, and margins are less than 25%, prepare for your job to move offshore.
Fred: "Hey Greg, where's your car?"
Greg: "Couldn't afford the payment. An investment bank took over our factory, sold off the machinery and building, and now 14 year old Chinese girls make Oster blenders."
Fred: "It's economics. 1/8th the quality at 1/10th the wage."
See
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