Investment bankers can make money either way the market goes, with acquisitions and divestments.
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 corporate growth.
In addition, investment bankers make money with corporate marriages and divorces.
Example: On the AIG breakup, nearly $1 Billion for IPOs or underwritings, and consulting for breaking up AIG eventually 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.
Then there are other pending fiascos to be attended to.
What other business pays so well for those who give poor initial advice and are asked to tidy up their mess?
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