Kweku Adoboli, 31 year old ETF trader held over $2bn rogue trade

Discussion in 'Wall St. News' started by ASusilovic, Sep 15, 2011.

  1. they knew about it, but didn't confront him cuz they were afraid he would sue for discrimination, so they crossed their fingers and hoped the position would move back in his favor.

    guess they were wrong
     
    #31     Sep 15, 2011
  2. He had nut-cancer? They cut it short due to illness.
     
    #32     Sep 15, 2011
  3. And Leeson.........
     
    #33     Sep 15, 2011
  4. interesting these things usually come out when volatility is high. Any ideas what the general position was, I would get guess net long.
     
    #34     Sep 15, 2011
  5. Rumor is that it was a spread trade.
     
    #35     Sep 15, 2011
  6. All they have to do is not hire scum.

    oops, that reduces the eligible pool to a small puddle.

    ou think that could happen at GS? doubt it. they are in the biz of robbing YOU, not themselves.
     
    #36     Sep 15, 2011
  7. He went long the FAZ.

    [​IMG]
     
    #37     Sep 15, 2011
  8. Samsara

    Samsara

    Wow, who'd expect this would be red meat for the not-racists of ET? Apparently a ton of retired folks in Arkansas are furiously masturbating behind their screens at the chance to let loose.
     
    #38     Sep 15, 2011
  9. How's Little Rock this time of year?
     
    #39     Sep 15, 2011
  10. benwm

    benwm

    Do you know what was he spreading?
     
    #40     Sep 15, 2011