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He admitted that "top tier deals" were hot, but said he saw the "bottom falling out" on lower-end deals.
The bank believes it can fund the acquistion from its own resources but admitted that its tier one capital ratio - a measure of financial strength set out by regulators - would dip from 7.6% now.
Grayson, who has taken three different clubs up from the third tier, admitted his side had been beaten by a "good team" in Rotherham but felt the two were evenly matched over the two legs.
But he admitted that lower-tier workers did not earn enough to be able to afford the plans.
While none of the top tier developers admitted to intentionally doing this, it was a widely-known practice.
My daughter was admitted to a top-tier school, not knowing anyone, not connected to anyone and living in New York City.
I hear stories each year from parents of candidates who apply to top-level colleges Many parents say that you have to know someone to be admitted to the top tiers.
Scalia was referring to the so-called "mismatch theory" originally set out by UCLA law professor Richard Sander, which contends that black students sometimes fare badly if they are admitted to a top-tier law school.
He scored 432 points out of a possible 750, too low to be admitted even to a second-tier institution.
Surely, the top-tier computer science students admitted to the program will be given a nudge towards working at Facebook after college.
Specification 2: Adds the number of UC campuses where the individual submitted applications and was admitted in each of the three tiers of UC campuses to Specification 1. Specification 3: Adds indicator variables for the highest ranked campus where the individual was admitted to the baseline specification.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com