He blew up the US economy, setting the stage for Obama to get in Fucking appropriate
In the autumn of 2006, Javid was sent to Singapore to lead Deutsche’s credit trading in Asia. That meant, according to the financial magazine Euromoney, that he was in charge of, among other things, collateralised debt obligation (CDOs) – a financial product that was soon to get a very bad name for itself in the coming crisis. Earlier this year, Euromoney highlighted Javid’s role in the controversial pre-crash trading of CDOs. Speaking to a reporter in 2006, Javid had said of emerging-market CDOs: “As long as investors understand the risk/rewards of an emerging-market CDO, they are very appropriate.” That line is now described by a senior debt market reporter as “hilarious”.
He is totally tied in to Wallstreet, and Deutchbank https://www.theguardian.com/politics/2015/jul/15/sajid-javid-what-thatcherite-union-buster-learned-from-wall-street
Isn't this interesting, Javid was aide to Rudy Giuliani's 1993 mayoral campaign and made his fortune with Deutsche Bank.
Hmmm.....
[–] 19166635? ago
Javid already signed. The issue has been passed to the court. That's his protection: "The court did it!"
[–] 19166683? [S] ago
Ya I got that part, like he left wall street in 2009, after setting up the CDOs that below up subprime and started the financial avalance. He left before the lawsuits started and before Iceland showed people how it should be done.
He is fucking smart, the bastard.