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Too many brokers were far more interested in earning fat fees for steering their clients to ruinously priced loans that the borrowers could never hope to repay.
As middlemen, they traditionally bought and sold raw materials, financed building projects and sold finished goods around the world, earning fat commissions.
But opponents and the media soon began questioning the contracts, and pointing out that Labour councillors were earning fat salaries on the boards of those bodies.
Microsoft is still primarily a vendor of software licences, earning fat profits that it can use to subsidise a search war almost indefinitely.
He has brought about a sea change in relations with Iraq.Syria is earning fat profits by smuggling out Iraqi oil by both lorry and pipeline.
In India, Reliance Communications sells handsets for less than $25, with 1-cent-a-minute phone calls across India and 1-cent text messages and no monthly charge -- while earning fat profits.
Similar(46)
It earns fat revenues from alcohol taxes and hotel casinos.
Although Goldman executives generally earn fat paychecks, the partnership bestows top pay and prestige.
When times are good, some landlords regard brokers as parasites who earn fat commissions for very little work.
(Certainly Wall Street's bankers, who earn fat fees on more traditional flotations, would like to think so).
While they ponder, Moody's, S.&P. and Fitch will continue to earn fat profits, and their executives walk free.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com