What business pays well for those who give poor initial advice and are asked to tidy up their mess? Investment banking advisory.
Investment bankers can make money either way their advice works out, with acquisitions and divestments. After all, if the advice for the marriage was so good, why the need for the corporate divorce?
And in any economy. Just one example: On the AIG breakup, nearly $1 Billion for IPOs or underwritings, and consulting for breaking up AIG eventually is a lot of money in any economy. Managing so-called toxic assets and handling other financial meltdown arrangements are huge sources of capital under any financial conditions. ( See the Earl J Weinreb NewsHole® comments.)
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