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A financial market is “the meeting place for people, corporations, and institutions that either need money or have money to lend or invest” (Block and Hirt, pg. 13, 2005). The Under Secretary for Domestic Finance Robert K. Steel described financial markets as “a bridge, connecting suppliers of capital with users of capital. They connect those who have resources to invest with those who could use this capital to turn new ideas into businesses, generating jobs and contributing to the economy” (May 17, 2007). The purpose of this paper is to describe the role of investment bankers, the sources of capital available to corporations, and the means corporations use to raise short-term and long-term capital through this financial system...
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