As a COO of a small regional broadband company, we utilize investment bankers to “broker” capital for expansion.That's because it's a law that if you want to loan YOUR money you have to use a broker...it's called usury.
Investment bankers don't have money. They (by usury law) use small investor's money to loan.
I’m waiting for your better idea on how to facilitate lending and borrowing.
Actually, we are not obtaining loans, they find “qualified” investors (high net worth individuals) over $1M in assests or family trusts to invest.
They are subject to securities law....
Of course, investment bankers are not true banks......
This is why Obama’s Buffet plan is so dangerous for small business, it will dry up this source of capital.
Already, traditional banking and leasing capital is all but gone, if this tier disapears, we are screwed.....