"Some members of the London team failed to value positions properly and in good faith, minimized reported and projected losses, and hid from me important information regarding the true risks of the book," said Drew, who spoke softly but firmly about her role in the debacle. Well DUH. And your risk mgmt process assumes they do?? YOU DESERVE TO LOSE. HAVE YOU HEARD OF NICK LEESON?? http://www.cnbc.com/id/100557851 Gotta love Wall St.