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The funny thing about these stories is that it probably can be proven, and the reason for that is that there's quite likely a text or an e-mail from some cocky
by Traster 6y ago
The funny thing about these stories is that it probably can be proven, and the reason for that is that there's quite likely a text or an e-mail from some cocky idiot saying "We could make a tonne if we push the price down" or "Man I can't beleive we managed to push the price to -37, we're going to make a killing".
- dageshi 6y agoI get the impression traders very deliberately don't put things like that in email explicitly so it can't be proven. There's a scene in one of my favourite movies Margin Call "I'm well aware of the fucking time Sam, I'm telling you, you need to see this" "See What? Email it to me" "I don't think... that that would be a good idea...." "I'm on my way" https://youtu.be/W7Jqwpnw9Lo?t=23 https://youtu.be/W7Jqwpnw9Lo?t=23
- Traster 6y agoYeah, that's the smart hollywood impression of what would happen if people were thinking, but often it looks more like this: >Senior RBS Yen Trader: its just amazing how libor fixing can make you that much money https://www.bbc.co.uk/news/business-21358362 https://www.bbc.co.uk/news/business-21358362 And these messages weren't using some burner phones found in a raid, these were messages through their bloomberg terminals.
- jb775 6y agoGreat movie