As I have mentioned with regard to some hedge funds, money will continue to be made by a decided minority over the shorter term, from aberrations in the economy, and not growth.
On the other hand, investment bankers make money with corporate marriages and divorces.
On the AIG breakup, nearly $1 Billion for IPOs or underwritings, and consulting for breaking AIG eventually apart is BIG money in any economy. Managing so-called toxic assets and handling other financial meltdown arrangements are huge sources of capital under any financial conditions.
What other business pays so well for those who give poor advice?
No comments:
Post a Comment