Thick as Thieves
Thick as Thieves Bankers stick together. The concept of a Club Deal and a Syndication were both invented by bankers. They love to hang together so that no one looks too stupid when a deal goes bad. Everyone likes to free ride on the other guy’s diligence or smarts. I should know, I was a senior banker for over forty years. And you’ve heard the expression “honor among thieves”? That implies that one banker would…

