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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (28712)1/28/2008 8:55:55 PM
From: elmatador  Read Replies (1) | Respond to of 219824
 
The rogue trader abused the system. He wasn't stopped at first sign of his rogue trade, taken his badge out and escorted to the street promptly, to the waiting police car. He was used by the system to cover the tracks of others and deflect the blame.

See the posting below from Businessweek.

Usually in this kind of situation he will be persuaded to cooperate. Keep quiet and receive only 7 years and go out after 3.5 years. Else locked up for 20 and spend 10 in calaboush.

At 31 years of age and not tough enough he will succumb.



To: Elroy Jetson who wrote (28712)1/28/2008 10:54:22 PM
From: elmatador  Read Replies (1) | Respond to of 219824
 
1) System not responding.
2) Crisis confined to narrow set of problems affecting the finance sector.
3) Needs Basel II top be revised.
4) most banks fail because of a lack of liquidity, not a lack of capital.
5) BASEL II failed. Emphasises solvency, ignoring the golden rule of banking: most banks fail because of a lack of liquidity, not a lack of capital.


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