Wall Street's largest investment banks are both peddling and profiting from the latest corporate craze known as "inversion mergers" in which large U.S.-based companies sell themselves off to foreign companies or subsidaries in order to further insulate themselves from paying taxes in their home country. According to a story in the New York Times
Peddlers & Profiteers: Wall Street’s Finest Pushing Tax-Dodging Mergers
‘As much as I may hate these deals and the ramifications for our country, if I don’t do the deal, my competitor across the street will be happy to do it.’