Duncan Mavin
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“Performance was steady because the funds didn’t have to recognize when loans went bad – instead, they could just roll the loan over. It was a kind of ‘extend and pretend’ approach.”
― Pyramid of Lies: The Prime Minister, the Banker and the Billion Pound Scandal
― Pyramid of Lies: The Prime Minister, the Banker and the Billion Pound Scandal
“goodwill’, effectively the excess purchase price over and above its fair market value.”
― Pyramid of Lies: The Prime Minister, the Banker and the Billion Pound Scandal
― Pyramid of Lies: The Prime Minister, the Banker and the Billion Pound Scandal
“GA stumped up $250 million for an approximate 14 per cent stake in Greensill in July 2018. Whatever the internal doubts at GA, externally their investment was a ringing endorsement for Lex. He had the backing of one of the world’s premier investors. And his company was valued at about $1.7 billion.”
― Pyramid of Lies: The Prime Minister, the Banker and the Billion Pound Scandal
― Pyramid of Lies: The Prime Minister, the Banker and the Billion Pound Scandal
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