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But a smaller investment minimum doesn't mean that this type of bond has lower risks. Baby bonds are issued by the same types of companies that issue traditional bonds, including utility companies, investmentbanks, telecom companies and other types of corporate issuers.
This effectively collateralizes the cash value of the policy. The fair market value of the cap is what the carrier paid the investmentbank to buy the 10% cap. With a home equity line to collateralized your house. Let’s supposed for a minute the cap is 10%. And that’s it.
It was between corporate law and investmentbanking. RITHOLTZ: So even back then, when it was the size that you could take a Christmas picture with everybody in one room at Goldman, they’re still doing investmentbanking. RITHOLTZ: Oh, really? KLINSKY: Yeah. They’re trading. They’re advising clients.
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