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[–] 19166529? [S] ago 

He blew up the US economy, setting the stage for Obama to get in Fucking appropriate

https://www.theguardian.com/politics/2015/jul/15/sajid-javid-what-thatcherite-union-buster-learned-from-wall-street

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”.