Clearly these banks are being run by overeducated imbeciles. Further confirms that 99% of them are grossly overpaid. What a racket. Nice that they hired the guy, but to not have him on 24/7 watch was the act of a 'tard.
Tru dat.. tru dat.. Look at the red necks and white trash in America... They are worse than some blacks and other minorities...
What to do... Blacks now have control of the presidency of the United states, have top trading jobs in the city of London, opportunity to blow 2 billion buckeroos...can't blame poor whitey sitting at home in his rat infested council flat for getting a bit jealous, its just human nature.
Kweku was a director on a delta1 ETF desk. These guys have no discretion, so it looks pretty open -> shut case. Obviously is speaks more poorly of UBS' internal controls. HTF do you let a guy spreading ETF against index hide these positions? I know an MBS director at UBS and she's terrified that they're going to shutter a lot of desks because of this news.
Firstly, innocent until proven guilty. But if it's true, it's easy to hide stuff, if you come from middle office, which both he and Kerviel did.
Nick Leeson served 3.5 years(of a 6.5 year sentence) for his rogue trades....lets see how much time a black man gets for doing the same crime.