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Where did I say that? They've been taught a lesson via losing a lot of money, and now they know will be a lot of eyeballs on any future trades of a similar natu
by bidirectional 6y ago
Where did I say that? They've been taught a lesson via losing a lot of money, and now they know will be a lot of eyeballs on any future trades of a similar nature.
- minikites 6y agoHow is that a lesson? What consequences have they endured that will affect their future behavior? "Eyeballs" is not a lesson.
- bidirectional 6y agoLosing billions of dollars in one of the biggest trading stories ever seems fairly consequential and will likely affect their future behaviour. That combined with the newfound knowledge that the type of trade they made can be picked up on and exploited is also likely to affect their future behaviour (i.e. don't do that again).
- minikites 6y agoThese are shame-based punishments, what happens if these people have no shame?
- alisonkisk 6y ago$3B is not shame.
- minikites 6y agoSure it is, and most of us have enough capacity for shame that it works on us. Do you think Bernie Madoff feels ashamed about the money he lost? People who have no shame are very powerful, which is exactly why we need actual, meaningful punishment for people like this.