Cameron only made £7m from Greensill - should have texted Matt Hancock instead

[SirGalahad]

https://www.bbc.co.uk/news/uk-58149765

A fraudulent endeavour when they knew GFG was in trouble but still went to get Tax payers backed loans.

David Cameron made about $10m (£7m) from Greensill Capital before the finance company collapsed, documents obtained by BBC Panorama suggest.

Before its collapse, Mr Cameron unsuccessfully tried to persuade ministers to invest taxpayers' money in Greensill loans.

Panorama has discovered how the company Mr Cameron promoted has left investors and UK taxpayers facing huge losses.

Greensill Capital lent around $5bn (£3.6bn) to GFG Alliance - a group of companies controlled by the steel magnate Sanjeev Gupta.

Internal documents reveal that Greensill Capital knew GFG was in financial trouble by the start of 2020 because it was unable to make payments on Greensill loans.

But Greensill used its own cash to cover repayments GFG could not afford - leaving investors unaware of the problems.

Instead of raising the alarm about GFG's inability to make loan payments, Greensill Capital looked for a new investor.

It turned to the UK government - and David Cameron was sent in to try to make it happen.

But Greensill Capital lent Mr Gupta's GFG Alliance £350m by making seven taxpayer-backed loans of £50m to seven of his companies.

Greensill also made an eighth loan of £50m to another company closely associated with Mr Gupta.

The companies have all failed to make repayments on the taxpayer-backed loans.

 

[transam]

Looks like he trousered a few squid for doing not a lot

par for the course in the UK

pencil pushers
Paper shufflers
Middle men coin it in for doing FA imo

And when they actually tell u what there job is to earn such vast amounts
Of money you are none the wiser

 

[Brigade77]

We laff & joke about it.

Every penny they steal comes from our pockets.

 

[sxturbo]

Thought I read in the guardian it was 10 million he made.

Whatever it was, bet nothing will get done.

Good old politics though always looking bout for their Chums/donors

 

[transam]

The point is was Cameron’s 7 mill
From the public purse ?

 

[JohnD]

Tory sleazeball makes millions from crooked company

Tries to get Tory chums to shovel in taxpayers money

Tory sleazeballs have no shame

https://www.bbc.co.uk/news/uk-58149765

"Greensill, which made its money by lending to businesses, went into administration in March, leaving investors facing billions in losses.

Mr Cameron's spokesman said his remuneration was a private matter."

 

[JohnD]

In other news


"There are the property sector’s donations to the Conservative party — a quarter of its funding in the last two years, as the Financial Times has revealed — when Johnson proposes to take a scythe to planning constraints. That followed Robert Jenrick, secretary of state for housing, expediting a £1bn London Docklands development by the businessman Richard Desmond, to a timetable that saved Desmond £45m in local taxes. Soon after, Desmond gave the party £12,000; Jenrick later accepted that his decision had been unlawful."

https://www.ft.com/content/ee5c5cbc-a6d0-4911-a40a-2ffe02337f92

 

[JohnD]

"In addition, there has been the appointment of Johnson’s friends and close contacts to key posts, and the awarding of contracts without a normal process. The Covid emergency justified the latter, according to former adviser Dominic Cummings — but the National Audit Office was scathing in its review."

 

[transam]

Be all that as it may but was Cameron’s 7 million from the public purse ??

probably not

in which case Transam gives not a jot tbh

some football club had just paid 100 million squid for some bloke to kick a bag of wind up and down a pitch

please them selves I never contributed to it

 

[Bodd]

Tory sleazeball makes millions from crooked company

Tries to get Tory chums to shovel in taxpayers money

Tory sleazeballs have no shame

https://www.bbc.co.uk/news/uk-58149765

"Greensill, which made its money by lending to businesses, went into administration in March, leaving investors facing billions in losses.

Mr Cameron's spokesman said his remuneration was a private matter."

All we need is an opposition that is credible , honest and can run the country....... if there was one I would have voted for them....

 

[Bodd]

Like Blair????

He conned me.... I voted for that shister.

 

[SirGalahad]

All we need is an opposition that is credible , honest and can run the country....... if there was one I would have voted for them....

Absolute conceited BS and lies. Voting is not mandatory.

The current crop are corrupt to the point they are being investigated for changing their phones trying to hide the trail of contacts when handing out contracts to their mates.

The s hit show they have nade of the Brexit deal that they now want to negotiate.

Stop lying. You would vote for a donkey if it had a blue rosette pinned to its penis.

 

[SirGalahad]

We laff & joke about it.

Every penny they steal comes from our pockets.

I'm not laughing or joking when I have to pay for this and this burden passes onto my kids. But the Tory bots on here think there is nothing to discuss as they are so drunk on the Tory Kool Aid.

 

[transam]

I'm not laughing or joking when I have to pay for this and this burden passes onto my kids. But the Tory bots on here think there is nothing to discuss as they are so drunk on the Tory Kool Aid.

get a grip ffs

All politicians are scheisters most have or will get there snouts in the trough

if I was Cameron and some one whinged about my 7 million
I would tell
Em to mind there own and go and do one

The kinnocks all got there snouts in the trough ref the EU
And
mandelson
And
Blair

you never contributed to the 7 mill

 

[transam]

Absolute conceited BS and lies. Voting is not mandatory.

The current crop are corrupt to the point they are being investigated for changing their phones trying to hide the trail of contacts when handing out contracts to their mates.

The s hit show they have nade of the Brexit deal that they now want to negotiate.

Stop lying. You would vote for a donkey if it had a blue rosette pinned to its penis.

no he would not