Lloyd's on 'Rogue Traders'
International News • July 1, 2008
It appears the "rogue" trading in the investment banking industry may not be an isolated problem. After Jerome Kerviel cost French bank Société Générale to book some $5 billion in losses, Morgan ...
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Subject: Fix It
Posted On: July 1, 2008, 1:30 pm CDT
Posted By: Dread
Comment:
What a long-winded load of crap. The "intelligencia" in the investment community needs to be able to police it's own "rogues" before they send the world economy into the shitter. Offering insurance to cover the symptom of the the problem is no solution at all. The fact is, the investment community IS the root cause of many problems. Why they allow speculators and rogues to operate under their noses is beyond reason. Find them; eliminate them.
Subject: Fix It