neilmcnasty comment: Either this journalist is totally clueless about banking history, or he is deliberately misleading the public with his title of this article.Everyone who has done a tiny amount of research on this subject, knows perfectly well that the Rothschild Family are the main architects behind the current economical situation, so of course they are having record results.
THAT'S THE WHOLE POINT, STUPID!!!
The inability of the current investment banking model to withstand the ongoing liquidity crisis has forced many investment bankers out of business or those few that have survived to get by on reduced or no bonuses this year. However, as lenders globally continue to write off and provision for a significant volume of soured loans, U.K.’s Rothschild group, one of the world’s leading investment banking organizations, has posted record results. The bank has been able to maintain its very strong performance again this year, despite the credit crunch, economic slowdown and the threat of a U.S. recession, with investment banking and corporate banking businesses both producing record revenues.
The bank’s chairman Davide de Rothschild, following unconventional investment banking strategies, has steered his organization clear of proprietary trading, prime broking and other activities that have devastated rivals as a result of an environment where asset prices keep falling while liabilities remain fixed.
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