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Prior to the 2008 recession, many financial institutions were engaging in 'proprietary lending,' where a bank would invest funds for its own gain instead of earning revenue through commission by trading on behalf of clients.
Seth Moulton
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"Prior to the 2008 recession, many financial institutions were engaging in 'proprietary lending,' where a bank would invest funds for its own gain instead of earning revenue through commission by trading on behalf of clients."
— Seth Moulton #moneywealth

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Prior to the 2008 recession, many financial institutions were engaging in 'proprietary lending…

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Prior to the 2008 recession, many financial institutions were engaging in 'proprietary lending,' where a bank would invest funds for its own gain instead of earning revenue through commission by trading on behalf of clients. — Seth Moulton

About Seth Moulton

Seth Moulton was a Politician from United States (1978–present).

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Frequently Asked Questions

Who said "Prior to the 2008 recession, many financial institutions were engaging in 'prop…"?
This quote is attributed to Seth Moulton, a Politician from United States.
When did Seth Moulton live?
Seth Moulton lived from 1978 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.