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marmar (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 08:06 AM Original message |
Matt Taibbi: The $2 Billion UBS Incident: 'Rogue Trader' My Ass |
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mod mom (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 08:08 AM Response to Original message |
1. Always glad to recommend a Taibbi pice. Bookmarked for later reading. |
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Blue_Tires (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 08:14 AM Response to Original message |
2. The banks keep swearing over and over they've turned over a new leaf |
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Octafish (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 08:32 AM Response to Original message |
3. US Government sent at least $77 BILLION to help bail-out Swiss-owned UBS |
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Mimosa (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 08:34 AM Response to Reply #3 |
4. Right! |
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Octafish (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 08:43 AM Response to Reply #4 |
5. Money just doesn't 'disappear.' It needs help to walk away. |
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avaistheone1 (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 11:48 AM Response to Reply #5 |
15. Agreed. |
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FarCenter (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 09:04 AM Response to Reply #3 |
6. While it may be Swiss-owned, UBS' trading operations are in the UK and US |
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Octafish (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 09:58 AM Response to Reply #6 |
7. And helping UBS get the most out of the US taxpayer is Phil Gramm. |
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FarCenter (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 10:26 AM Response to Reply #7 |
10. And the electronic transactions are probably all copied at Ft Meade and Langley |
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The Wizard (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 03:55 PM Response to Reply #7 |
24. Phil Graham |
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truedelphi (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 01:01 PM Response to Reply #3 |
17. I will vote for any man, woman, child, butterfly or dog that |
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gratuitous (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 10:05 AM Response to Original message |
8. The trader was "rogue" because the money went bye-bye |
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truebrit71 (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 10:07 AM Response to Reply #8 |
9. Absolutely spot on... |
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Roy Rolling (762 posts) Send PM | Profile | Ignore | Fri Sep-16-11 11:37 AM Response to Reply #9 |
14. gratuitous and truebrit71 |
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tomp (1000+ posts) Send PM | Profile | Ignore | Sat Sep-17-11 06:29 AM Response to Reply #14 |
36. without a doubt. nt |
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dembotoz (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 11:55 AM Response to Reply #8 |
16. in the 70's, the packers were a rogue football team--they lost all the time. |
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Kaleko (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 04:44 PM Response to Reply #8 |
27. Yup, that trader was a patsy, |
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QC (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 10:38 AM Response to Original message |
11. KICK |
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joeybee12 (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 10:49 AM Response to Original message |
12. KNR |
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amborin (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 10:56 AM Response to Original message |
13. new rules re: proprietary trading are still very vague, that's part of the problem |
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Major Hogwash (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 01:30 PM Response to Original message |
18. We need to reinstate Glass-Steagall, even if Bill Clinton doesn't agree. |
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ooglymoogly (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 03:37 PM Response to Reply #18 |
22. While Bill Clinton was making hundreds of millions. nt |
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DeSwiss (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 01:38 PM Response to Original message |
19. K&R |
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katty (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 02:53 PM Response to Original message |
20. yeah Matt heard you on radio..1 rogue?! all rogues |
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abelenkpe (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 02:59 PM Response to Original message |
21. Banks: We can self regulate no need for reform |
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Uncle Joe (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 03:51 PM Response to Original message |
23. Kicked and recommended. |
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The Wizard (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 03:57 PM Response to Original message |
25. Other than Madoff |
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bertman (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 04:38 PM Response to Original message |
26. REC and kick. Can hardly wait until our DOJ finds all of those 'rogue' U.S. traders |
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myrna minx (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 07:13 PM Response to Original message |
28. K&R n/t |
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Lucky Luciano (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 08:15 PM Response to Original message |
29. "Rogue Trader" is the right term. |
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dd2003 (198 posts) Send PM | Profile | Ignore | Fri Sep-16-11 10:37 PM Response to Reply #29 |
32. sounding like someone who knows |
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Lucky Luciano (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 11:05 PM Response to Reply #32 |
35. I am saying that someone who knows how to cover his tracks... |
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Enthusiast (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 09:56 PM Response to Original message |
30. And just imagine. In the face of this |
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kenny blankenship (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 10:06 PM Response to Original message |
31. "defies common sense to have professional gamblers in charge of stewarding commercial bank accts" |
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NBachers (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 10:49 PM Response to Original message |
33. How's that thair "reputational risk management" workin' out for ya? |
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Lucky Luciano (1000+ posts) Send PM | Profile | Ignore | Fri Sep-16-11 11:04 PM Response to Reply #33 |
34. There is another term for that: "Public Relatipns.". nt |
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formercia (1000+ posts) Send PM | Profile | Ignore | Sat Sep-17-11 06:57 AM Response to Reply #33 |
37. "reputational risk management" |
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lib2DaBone (1000+ posts) Send PM | Profile | Ignore | Sat Sep-17-11 07:13 PM Response to Original message |
38. This is all part of a planned Depression.... |
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tropicanarose (218 posts) Send PM | Profile | Ignore | Sat Sep-17-11 07:38 PM Response to Original message |
39. Right on! This whole single rogue trader thing absolutely is a complete joke. |
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Yo_Mama_Been_Loggin (1000+ posts) Send PM | Profile | Ignore | Sat Sep-17-11 08:01 PM Response to Original message |
40. The Wall Street Urinal refers to him as a rogue. |
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