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*UNLOCKED* Britainology 20: London Finance Geezers feat. Matt Edwards

TRASHFUTURE

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Trade Financing - I Loathe Them, Am?

David Frum: Green silk received an awful lot of money. He says green silk bought loan books, a which is a lazy man's trade finance. It means you don't have to do due diligence on each transaction at you're just buying a rated loan bookle he says. Frum: I think that was the kind of thing that greensill did, which is fairly similar to the sub prime crisis.

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