Monday, February 23, 2009

How derivatives traders hoodwink their bosses

The Sunday Times:How derivatives traders hoodwink their bosses; A former banker lifts the lid on how greed eclipses prudence




Read this article.
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4 comments:

Anonymous said...

Individual investors paid for these greedy banks mistake.

February 23, 2009 8:12 AM
david santos said...

Good luck!
Have a nice week!!!

February 23, 2009 7:42 PM
minicharms said...

lack of ethics?

February 23, 2009 11:28 PM
Anonymous said...

I don't believe that only those on the inside knows what was happening. How could they have covered up something as widespread and prevalent as this, where every bank is somehow involved.

Financial analysts and bloggers have been talking about this problem as far back as early 2007, but sadly, those who can make a difference just turn a deaf ear or are part of the scam, directly or indirectly. By then the problem was probably so huge and impossible to unravel, so it was left to play itself out, for better or worse.

Now, some on the inside are supposedly just coming out to reveal what many people already knew. Is it out of conscience or just to make them look holier than thou. After all they already lost their jobs, but whilst abetting the scam also took all the huge bonuses.

Lost Citizen

February 24, 2009 3:29 PM

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