Difference between revisions of "Pig in a poke"
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Also known as “putting lipstick on a pig”, this is the process of creating a situation where others believe the toxic asset has long term value and disposing of it through sale before the toxicity reveals itself. | Also known as “putting lipstick on a pig”, this is the process of creating a situation where others believe the toxic asset has long term value and disposing of it through sale before the toxicity reveals itself. | ||
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+ | {{Book|11}} | ||
+ | A mechanism of dressing up a liability as some form of future business before divesting to a third party.{{Book cite 11}} | ||
==Key Elements== | ==Key Elements== |
Revision as of 05:50, 30 May 2019
Also known as “putting lipstick on a pig”, this is the process of creating a situation where others believe the toxic asset has long term value and disposing of it through sale before the toxicity reveals itself.
From chapter 11 in the book:
A mechanism of dressing up a liability as some form of future business before divesting to a third party.[1]