Huge. One produces a tangible product( capital goods) and another speculates. Investment banks are largely inconsequential to the real economy, but real goods and services matter.
Wow, that's completely wrong.
The car companies' major earnings source was their financing. No large business could get capital without investment banks.
Cars are not capital goods, anyway.
Thanks, I think you've revealed what you know about economics. Zilch.
I meant capital goods as in factories, equipment, machinery, and tools. etc. These are things which we need to produce real goods and services. I was on my iPad, so my goal was to be quick and to the point, but I can see where the confusion may have stemmed from my use of parenthesis.
The large TBTF banks are largely problematic and an actual drag on the real economy. Between their control fraud and rent seeking, they've become a cause for concern. They add a form of economic rent to all economic activity in our daily lives and society at large.