Publisher's Synopsis
Excerpt from H. R. 660, Small Business Credit Availability Act of 1993: Hearings Before the Committee on Small Business, House of Representatives, One Hundred Third Congress, First Session, Washington; DC, February 4, May 6 and 12, 1993
An often-repeated story is that of a reporter who asked Willie Sutton why he robbed banks. His response was because that is where the money is.
Well, today there is a considerable amount of money in banks, but it is also in pension funds. It is also in the hands of insurance companies. It is also in the hands of institutional investors and pri vate citizens, and these groups all have one thing in common: They invest in securities.
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