Re: [Pen-l] Purpose of stock market

[Doug Henwood <dhenwood@xxxxxxxxx>]

On Apr 27, 2009, at 10:08 AM, Bill Lear wrote:

> I should know the answer to this, but the general purpose of the
> stock market is clearly not to raise new capital for businesses.
>
> What broader economic purpose does it serve?

I have a ton on this in Wall Street.


Doug Henwood
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