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As these changes took place, finance again became a high-paying career — spectacularly high-paying for those who built new financial empires.
The institutions that were rescued in 2008-9 weren't old-fashioned banks; they were complex financial empires, many of whose activities were effectively unregulated — and it was these unregulated activities that brought the U.S. economy to its knees.
Inoue was closely associated with the financial world and had connections with the giant Mitsui zaibatsu (one of the vast, family-owned financial empires of Japan up to 1945).
Before 1930, banking was an exciting industry featuring a number of larger-than-life figures, who built giant financial empires (some of which later turned out to have been based on fraud).
No fiction could beat the appeal of daily newspapers and TV news bulletins with their relentless stories of financial empires tumbling down, well-known magnates biting the dust, powerful political parties crumbling, and mighty politicians of all stripes standing accused of corruption and complicity with organized crime.
Rockefeller, Carnegie and Morgan saw themselves as building great industrial or financial empires and making America rich, and they did not feel that they had to atone for commercial sins or "clean up" their images for posterity by giving money away.
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Robert E. Brennan, the financier who built a financial empire and a lavish style of living selling penny stocks on television in the 1980's, was convicted in federal court today of money laundering and bankruptcy fraud.
One example is the Lazard financial empire.
The financial empire had become shaky, however.
SO WHAT about Yasser Arafat's financial empire?
Shares in the financial empire slipped 4% on the warning.
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CEO of Professional Science Editing for Scientists @ prosciediting.com