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Isn't the traditional capitalistic argument that the people on top are the ones taking all the risk, which is why they should be making all of that money in the
by CaptSpify 9y ago
Isn't the traditional capitalistic argument that the people on top are the ones taking all the risk, which is why they should be making all of that money in the first place?
Note that I'm not making that argument, but trying to understand how this situation differs.
- dx034 9y agoYou take a lot of the risk but not all. If this was due to weaknesses in their IT then managers should be liable. But it's possible that they had one of the most secure systems in finance and still someone found a way in via undisclosed exploits. In that case there's nothing a manager could've done. But since the core database wasn't hacked, it seems likely that someone had a database dump on a development machine which was outside the scope..