Article

2008-01-24 -Lurid Crime Tales-

Rogue Trader costs French Bank 7 Billion Dollars

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Posted by Anguper Hupomosing9418 2008-01-24 06:05|| || Front Page|| [10 views ] Top

#1 I could use $7,000,000,000 too!
Please expound on his technique in more detail.

Posted by 3dc 2008-01-24 10:06|| 2008-01-24 10:06|| Front Page Top

#2 Executives said the trader may not have sought personal gain from the fraudulent deals.

Uh-huh.
Geez, with guys like that in charge, ya really have to wonder how this could possibly happen, don't ya...

Posted by tu3031 2008-01-24 12:44|| 2008-01-24 12:44|| Front Page Top

#3 Ima willing to lose only 5 billion. We can split the 2 billion profit 50/50.

Posted by ed 2008-01-24 12:58|| 2008-01-24 12:58|| Front Page Top

#4 I wonder if its
a) Split the profit with the counter-party after a slap on the wrist.

b) a much bigger cover-up of sub-prime losses.

Posted by Bright Pebbles 2008-01-24 13:02|| 2008-01-24 13:02|| Front Page Top

#5 I smell a patsy.

Posted by Sock Puppet of Doom 2008-01-24 23:15|| 2008-01-24 23:15|| Front Page Top

#6 I saw an article that claimed he was basically placing bets on stock prices in the hope of increasing his annual bonus. Nick Leeson was awfully happy he hadn't been involved this time.

Posted by trailing wife 2008-01-24 23:36|| 2008-01-24 23:36|| Front Page Top

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