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Credit Suisse, according to the complaint, raked in huge fees on loans against the properties, which it syndicated and sold to hedge fund managers.
The mergers business was in full bloom, bringing in huge fees for securities firms and the promise of more to come.
Goldman is still expected to rake in huge fees as an active manager on the Facebook IPO, although it will play second fiddle to Morgan Stanley.
On Friday, The Wall Street Journal reported that Mr. Spitzer is investigating whether Citigroup's Salomon Smith Barney unit issued a bullish research report on AT&T stock at the behest of Citigroup's chief executive, Sanford Weill, in order to reel in huge fees from the phone company's 2000 spinoff of its wireless subsidiary.
The only people who will benefit from this ginned-up political food fight are the permanent class of professional political consultants who will rake in huge fees to advise Democrats and Republicans on how to spend their new-found cash, produce a slew of new attack ads, and take fat commissions placing those ads on TV.
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The richest soccer clubs in Barcelona and Turin and Manchester pay huge fees to teams and federations in Amsterdam and Rio -- even Chicago -- for developing great young players.
In many cases, it is investment banks that help to drive the mergers and acquisitions (M&A) market by identifying takeover targets for clients, and picking up huge fees in return.
Monday night's Panorama goes undercover to expose the bailiffs who seize cars and demand huge fees in what has become a multi-million pound business chasing unpaid parking tickets.
Mr Eichenwald describes how Mr Fastow and his henchmen, principally Michael Kopper, created a series of investment vehicles such as LJM, the Raptors and Chewco that bought assets from Enron, supposedly to reduce the firm's risk but in reality to generate huge fees and profits for Mr Fastow and his chums.
Nevertheless, those involved still treat themselves to huge fees in dollar terms, but still minor percentages of the deal size.
I don't see why banks need government bailouts when they are making 36% in interest and charging huge fees.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com