The $2 Billion UBS Incident: 'Rogue Trader' My Ass

There is much hand-wringing in the financial press today as the UBS incident has reminded the whole world that all of the banks were almost certainly lying their asses off over the last three years, when they all pledged to pull back from risky prop trading. Full Story »

Posted by Tanya J. Maurer
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Posted by: Posted by Tanya J. Maurer - Sep 16, 2011 - 5:04 PM PDT
Content Type: Article
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Edited by: Dwight Rousu - Sep 17, 2011 - 6:48 AM PDT

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Walter Cox
3.9
by Walter Cox - Sep. 17, 2011

An opinion piece, yes, but also a clear presentation of the overall picture when it comes to investment banking. We can always count on the big guys to have their hand in the cookie jar, ready to snatch OUR money if their deals go south--the limits of democracy, and the ability of the rich to manipulate the political process, have become more apparent than usual during this fnancial crisis.

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Bob Herrschaft
4.1
by Bob Herrschaft - Sep. 17, 2011

Matt Taibbi cuts through the BS of the "UBS incident"

They’re not “rogue” for the simple reason that making insanely irresponsible decisions with other peoples’ money is exactly the job description of a lot of ... More »

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Randy Morrow
4.3
by Randy Morrow - Sep. 17, 2011

There is much hand-wringing in the financial press today as the UBS incident has reminded the whole world that all of the banks were almost ... More »

See Full Review » (11 answers)

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