In the battle between conflicting values, some people are more bothered by violations of fairness, and some by violations of loyalty. CalVolibrator and others seem to be in the latter camp. Both fairness and loyalty are normal human values. Which is the more important is an entirely personal judgment. There will never be consensus. That Aleynikov violated GS policy is not in dispute. That the federal charges were overreach would seem to be pretty clear as well. The appeals judge ruled, not that the prosecutor failed to prove his case, but that there never was a case to begin with. That's a pretty stinging rebuke to the prosecutor (and to GS). A junior assistant prosecutor, or any trained lawyer, should be able to figure out whether a law applies in a particular case. GS can still sue Aleynikov, but compensation would be based on GS' loss. As for Michael Lewis, he is a story teller, not an investigative journalist. Maybe he overreached with this story. I wasn't involved, so I don't know all the facts. We never do. There was at least one factual inaccuracy in the story, and a lot of unanswered questions.
interesting, according to your line of reasoning its now people like me who are a danger to society. I find it actually pretty sleek how you got there so smoothly. There is a deterrent element in there when a dumb fatty burns her lips on a hot coffee and is awarded a million dollars for her incredible suffering. That you take no issue with. Why? Because a big corporation paid for which it does not make much of a difference? But you root for the guy who got couple more years for his crime than would have been just without any element of deterrence. Is that the application of justice you are talking about? That is how you define your sense of justifiability? According to your logic we should show forgiveness to all criminal offenders and potentially let them go on the lose. I think you are twisting my words quite a bit but let me answer your question very directly: No I do not think 8 years is unreasonably harsh. If a rapist is convicted to 5 years then I find it unreasonably lenient. But 8 years for corporate espionage and theft with criminal intent and personal enrichment is an offense that sound at least still within the bounds, especially given the fact that the deterrence was cited as one of the reasons for the ruling. You may disagree with that and I respect that but making it as if I display "dangerously low levels of empathy" sounds like you just graduated from a rhetorics and speech course and need to practice verbal persuasiveness.
I cannot help it but feel you are the only one completely blind. If you truly fall for the rhetoric and complete change of facts presented by ML then I am very disappointed. That poor Russian deserves all of our support. You may actually donate to his family, I am sure they will shortly make an account number available. (or maybe not, given they had not the slightest issue to immediately post bail in the amount of 800,000 USD). P.S.: On second thought and re-read of your post I am absolutely convinced you just smoked a big huge bong and would be int he position to even hug Saddam and Adolf right now).
300 dollars (repeated offense or not) and 29 years? Please show us a reference anywhere because this story must have made national TV. I think you make up a big fuxxing BS story. See, GhostOfCutten, you start to open the can of worms and not only worms but all sorts of insects and other low lives are crawling out of it. Buyer beware.
Believe it or not. I think the posters who have been here long enough would know its a true story. Have a fantastic day holmes.
Just google about repeated offenders' unjust prison terms. It is quite possible in CA for example. It is not the amount that matters, but the fact that they keep doing it.
I don't get it. How could you work in the industry for a long time in any sort of senior trading capacity and yet have zero understanding of business areas outside your own domain? Are you sure you were a quant trader and not just a glorified programmer that jumped from shop to shop every couple years?
you are twisting what I said. I said I never worked at a commodities trading desk. And I learned programming pretty much from scratch when I entered my quant math grad school program. I entered as practitioner with trading experience while the majority of peers had CS backgrounds in one way or the other. There are firms such as Citi, especially in the Asian region, where traders or sales people over time rotate and get exposure to different products. 25 year Citi/Salomon dinosaurs, who have traded stocks, mortgages, US treasury securities and what have you, are not unheard of. That is not really the case at most other sell-side banks.
thanks for that stamp of approval but I judge my programming skills as being way below that of any developer who passes the interviews to work on sell-side or hedge fund financial trading applications. I understand enough to direct a team of programmers, one on-site, others remotely and on contract basis and enough to decide on which key technologies to utilize. By the way, hardly anyone who specializes in equities or equity derivatives would ever touch fx, commodities or OISs, for example and vice versa. What I mentioned about Citi is a very rare exception. Only shows it is you guys who do not have the slightest inkling. This site is so full of dropouts, wannabees, and bullshitters, I would not use it for anything but a good laugh and the occasional rant. P.S.: And seriously, anyone who gives a rat's ass whether that Russian dude got 5,8, or 20 years clearly demonstrates that they are not a front-office producer but a back office lemming. And I guess one previous poster is right, I display an extremely low empathy for charlatans, convicts, thieves, and wannabees who pretend to be someone they are not.