An old story in modern times. Duncan Mavin's pretty darn good book on Greensill
Bronte Capital
OCTOBER 23, 2022
One of the stories of the financial crisis is that the bankers that ran big institutions, who had billions entrusted to them, and who projected the air of masters of the universe were in fact buffoons incompetent at anything other than organising their own bonus. The air came out of financial markets when you realised you just can't trust anything they say.
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