Re: BBC ban Rule Britannia from proms Archived Message
Posted by Ken Waldron on August 23, 2020, 6:58 pm, in reply to "Re: BBC ban Rule Britannia from proms"
"Javid’s enthusiasm for the huge amount of leverage that investors were getting was presumably not shared by US private equity firm Arco Capital, which tried to take Deutsche Bank to court in September 2012 over the $37 million in losses it incurred by investing in the deal. The case was dismissed as it came after the expiration of the five-year statute of limitations. Arco claimed that Deutsche had stuffed the CDO with ineligible loans that resulted in the 14.28% loss rate in the pool. Deutsche claimed that the losses were due to the financial crisis and that Arco was aware of the risks it was taking on. One former Deutsche Bank colleague expressed amazement to Euromoney at how Javid “is spinning his former career” as a sober investment banker as opposed to a structured credit trader at the heart of the business that precipitated the global financial crisis. Javid left Deutsche Bank in 2009, just as the full extent of the firm’s credit-related losses were becoming apparent. In 2010, he ran for safe Conservative seat of Bromsgrove" https://www.euromoney.com/article/b12km259jtpqtd/sajid-javid-from-risky-business-to-business-secretary How Javid presents this: "...He later moved to Deutsche Bank in London to help build its business in emerging market countries. Sajid left Deutsche Bank as a senior Managing Director in the summer of 2009 to give something back through politics." https://www.gov.uk/government/people/sajid-javid
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Message Thread:
- BBC ban Rule Britannia from proms - Cockneymystic August 23, 2020, 10:54 am
- Lol, the woke Daily Mail are really going to be triggered by this - nm - psingh August 23, 2020, 12:15 pm
- Re: BBC ban Rule Britannia from proms - johnlilburne August 23, 2020, 12:36 pm
- Oh no! Teams and reams of newsprint and FB spittle later ... issues dealt with = 0 nm - Focus August 23, 2020, 2:11 pm
- Re: BBC ban Rule Britannia from proms - Mary August 23, 2020, 4:26 pm
- Re: BBC ban Rule Britannia from proms - Ken Waldron August 23, 2020, 6:58 pm
- That's the lefty BBC for you; they'll be banning episodes of Fawlty Towers next...nm - Jamie August 24, 2020, 9:21 am
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