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To: Slumdog who wrote (138777)	2/6/2002 6:51:44 PM
From: H James Morris	Respond to of 164684

Another rogue trader? Did you hear what happened to the UK's Barring's (sp) Investment bank only a few years ago? That 25 year old rogue trader bet billions thinking the yen would only go up. I've always said its easy to risk other peoples money. That's why I choose to manage my own. Sink or swim.

To: Slumdog who wrote (138777)	2/6/2002 7:46:58 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

"It's a heavy blow but not a fatal one," said AIB chief executive Michael Buckley, adding that there was an important distinction between this case and the Nick Leeson affair. "What Nick Leeson did was cause terminal damage to Barings. But an important point I want to make is that even when we write off that $750m, we will be making a profit after tax for 2001," said Mr Buckley. In 1995, Singapore-based derivatives trader Nick Leeson ran up £830m ($1.17bn) in unauthorised trades that caused the collapse of the blue-blooded Barings bank.