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>I don't understand this behavior. Did he not know he was committing fraud? Did he think he would never get caught? Sociopaths don't think very far ahead (othe
by itsoktocry 6y ago
>I don't understand this behavior. Did he not know he was committing fraud? Did he think he would never get caught?
Sociopaths don't think very far ahead (otherwise it'd be obvious to them their behaviour would fail in repeated games). When everything is going well, nobody asks questions.
Same deal with Archegos; how does rehypothecating collateral and leveraging up 10 to 1 in individual stock holdings make any sense in the long run? You're literally asking to blow up.
The really worrying thing is: if clowns like this are out there, imagine what the more clever people are getting away with.