5 ms·
1) Smart guy gets good at arbitrage trading, gets a taste for it 2) Starts a trading desk company 3) Loses some bets when he has never lost before, so he bets
by andirk 4y ago
1) Smart guy gets good at arbitrage trading, gets a taste for it
2) Starts a trading desk company
3) Loses some bets when he has never lost before, so he bets the farm (keep in mind the farm in this case is every piece of currency that he can conceivably reach regardless of laws, ethics, morality)
4) Loses his hail mary bets. Game over.
Dude needs to be a man/woman and spend the rest of his life working to repay everyone he hurt all while justice crushes his freedom forever.
- baandam 4y agoDude needs to go to jail. This is EXACTLY the story of Nick Leeson blowing up Barons Bank. Hopefully this asshole gets more than 4 years though but I doubt it. Leeson didn't have the political connections to get all this fluff swirling about him. He just had to go on the lam.
- sschueller 4y agoWhat about all the enablers that knew he was incompetent but still invested millions? Likepeople providing bomb making materials to terrorists.
- chitowneats 4y agoKind of like Germany gutting its energy infrastructure, making itself wholly dependent on nat gas from a revanchist, authoritarian regime? Hope you're doing well, Herr Scheuller.