Comments on: Le Hain: A Good Day To Bury Le Rogue Trader http://www.anorak.co.uk/money/179837.html Tabloid news for broadsheet readers Sun, 23 Nov 2008 15:59:06 +0000 http://wordpress.org/?v=2.6 By: chenier http://www.anorak.co.uk/money/179837.html#comment-201878 chenier Fri, 25 Jan 2008 14:03:38 +0000 http://www.anorak.co.uk/money/179837.html#comment-201878 2 David Says: January 25th, 2008 at 1:13 pm Rogue trader? If his schemes had worked he would have been hailed as a business genius and got an obscenely large bonus. But they didn’t so now he’s the bad guy. ------------------------------------------ I don't think you have quite grasped what this is about. He didn't have any schemes. He managed to lose a cartload of money on the safest instruments around, and none of his line managers noticed. They can't even produce the usual excuse about the instruments being too complex for the old guys to understand. He was breaking all the boringly obvious rules of trading, and yet the bank's fail-safe systems didn't spot it. And then the bank spent three days closing out his positions before they finally coffed to the regulators... 2
David Says:

January 25th, 2008 at 1:13 pm
Rogue trader? If his schemes had worked he would have been hailed as a business genius and got an obscenely large bonus. But they didn’t so now he’s the bad guy.

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I don’t think you have quite grasped what this is about.

He didn’t have any schemes.

He managed to lose a cartload of money on the safest instruments around, and none of his line managers noticed.

They can’t even produce the usual excuse about the instruments being too complex for the old guys to understand.

He was breaking all the boringly obvious rules of trading, and yet the bank’s fail-safe systems didn’t spot it.

And then the bank spent three days closing out his positions before they finally coffed to the regulators…

]]> By: David http://www.anorak.co.uk/money/179837.html#comment-201811 David Fri, 25 Jan 2008 13:13:27 +0000 http://www.anorak.co.uk/money/179837.html#comment-201811 Rogue trader? If his schemes had worked he would have been hailed as a business genius and got an obscenely large bonus. But they didn't so now he's the bad guy. Rogue trader? If his schemes had worked he would have been hailed as a business genius and got an obscenely large bonus. But they didn’t so now he’s the bad guy.

]]> By: chenier http://www.anorak.co.uk/money/179837.html#comment-201626 chenier Fri, 25 Jan 2008 10:59:53 +0000 http://www.anorak.co.uk/money/179837.html#comment-201626 Chicken feed; if you've got really bad news you have to compete with the giants in the field. Like Northern Rock... Chicken feed; if you’ve got really bad news you have to compete with the giants in the field.

Like Northern Rock…

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