In the news

Sasoph: Thanks for the Graeber link & summary. Very interesting.

This.

How the fuck this happened, given the scrutiny being given to UBS already, beggars belief.

It's an abject failure of operations, compliance, the regulators, and oversight from business management.

I suspect that the Swiss regulators may move to have the entire bank broken up and sold.

It happens because the people at UBS who are meant to manage risk and prevent stuff like this happening, are too few in number and too busy I suspect. Time for Investment banks to be monitored by independent teams I think.

No fucking chance mind.

With all the shit we had with the banks and politicians expenses.

They finally arrest someone. A black man.

For abusing his position!

got to laugh out loud for that one.

Race has nothing to do with it. Nobody cares about gender/race/whatever as long as you're making money.

If however, you take a huge unauthorised position in CHF just before the SNB intervene and the market gaps against you, you will probably end up in jail for blowing your employer's bonus pool.

^ is that what happened? Fail. The Swiss just can't win with winning.

It jumped 9% or something ridiculous. I thought I was seeing things.

http://www.robertsinn.com/2011/09/16/was-this-the-rogue-trade/

I don't remember exactly how the announcement went with the pegging. Did the SNB act first? The fact that there were massive movements in both directions is messed up.

That is to say, the face that there are massive movements full stop - regardless of direction.

From what I remember, they announced their intention to peg the currency. Whether they loaded up before making the announcement in order to offset future losses they will invariably suffer from having to buy Euros, I wouldn't like to guess.

qwe

You mentioned his race so I assumed you were implying it was of some importance.

qwe

Mines trapped by water in a drift mine in the Swansea Valley
http://www.bbc.co.uk/news/uk-wales-14940053

Two of the miners found dead :(

http://www.telegraph.co.uk/news/uknews/wales/8768299/Trapped-Welsh-miners-second-body-found-in-flooded-colliery.html

I certainly did not mention his race!! I don't even know what his race is.

With all the shit we had with the banks and politicians expenses.

They finally arrest someone. A black man.

For abusing his position!

got to laugh out loud for that one.

?

qwe

ey?

shakes head

qwe

Two of the miners found dead :(

http://www.telegraph.co.uk/news/uknews/wales/8768299/Trapped-Welsh-miners-second-body-found-in-flooded-colliery.html

I just saw, very sad indeed.

http://www.bbc.co.uk/news/uk-wales-14943584

Very odd

http://www.bbc.co.uk/news/world-europe-14950656

Very odd

http://www.bbc.co.uk/news/world-europe-14950656

munchausen by proxy?

qwe

http://www.bbc.co.uk/news/world-us-canada-14954478

Weekend at Shotgun WIllie's?

Disgusting.
Jesus would never have bought a Samsung Galaxy Android - he would have had an iPhone.

Apple = Romans

tin cans with string = Jeebus

Or did I miss something in bible bashing studies?

What does the film Dogma or the religion of Christianity have to do with mobile phones?
Idiots.

Kevin Smith is sponsored by Sony.

Three people have died and scores are injured after an airplane crashed near a grandstand at an air race near Reno, Nevada, say medical officials.

http://www.bbc.co.uk/news/world-us-canada-14957437