( The following is an excerpt from our Intangible Asset Exchange Advisor newsletter located here )
Except those individuals sleeping under a rock, the rest of the world is becoming more and more familiar with the credit crunch and how it is affecting the economy.
What was a key trigger of the credit crunch? One was the collapse of several Investment Banking Firms on Wall Street.
How do Investment Banking Firms work? These non-deposit taking financial institutions were permitted to provide loans to borrowers.
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