I Gotta Laugh, London Jury Convicts "UBS Rogue Trader " Over $2.3 Billion Loss!

Kweku Adoboli, the so-called "UBS Rogue Trader ", was convicted of fraud  over the huge trading loss at UBS by a London jury . Shame on you jurors . Either defense counsel didn't do its job or you just didn't get it . UBS, like all big banks is greedy. They don't care about  anything but $. They watch every nickel like it's the last coin on earth. They "eat their young" like male rabbits !
   So  for anyone on this planet (who wasn't dropped from an alien spacecraft yesterday) to believe  UBS  wasn't on-board  for the "good and bad"  resulting from Adoboli's trades is beyond  funny !  Whether his trades and positions were expressly or impliedly authorized  is of little significance. UBS was  in for the ride...This ride just happened to crash and burn. Oh well.
   Since  he's convicted, then you might as well  convict all his bosses at UBS, plus the Executive Board. Show some cojones! But no, easier to  have a single  trader  as a scapegoat, taking the ultimate fall.  Hey, the moral of the story. "If you play with fire, sometimes you do get burned".

  Good luck on the appeal.

UBS Trader Arrested(not charged) in Alleged $2 Billion in Losses Via "Unauthorized Trades"....Who are You Fu__in Kidding?

I got to be honest with you I am laughing(LMBO,LMAO,LOL) my ass off today on the latest "trading scandal " involving a UBS European trader at it's Delta One Desk who was arrested (Did someone say 19th Century Debtors Jail?) allegedly for causing $2 billion in losses on unauthorized trades. Now keep in mind Kweku Adoboli was a director and UBS relied upon him to create profits in "EFT'S", in a hot corner of the market. Risky stuff!
So why am I laughing ? Because I like to see big, Swiss banks "take it on the chin"? Of course not(well a little).No , I'm laughing because these greedy international investment banks worship the almighty Dollar, Euro and Yen, give successful traders carte blanche and as soon as there are losses they yell and scream "unauthorized trade ", "unauthorized trade"! Why, because they need a scapegoat...That's why.
So let's call a spade a spade... UBS , things were good while they lasted...They blew up! You knew what you were getting into. Now leave YOUR "disgraced trader " alone..Take it on the chin and move on to the next risky venture.
This is market analyst Steve Goldman signing off.