Bank debt levels “outrageous”: Stanford professor
In 1840 equity funded more than 50 per cent of bank assets in the US, now it’s around 7 per cent. Banks would never lend to a business with no equity.
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In 1840 equity funded more than 50 per cent of bank assets in the US, now it’s around 7 per cent. Banks would never lend to a business with no equity.
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