Kweku Adoboli is a scapegoat, UBS, the Swiss National Bank and the UK government are behind this parody
1) UBS shares have been strugling and the bank was going to have losses, a rogue trader loosing $2B is a good justification for loses instead of profits
2) The Swiss National Bank was trying to weaken the swiss franc without sucess, a major swiss bank loosing $2B by a rogue trader will weaken the swiss franc
3) Cameron has an excellent opportunity to implement the recommendations made by Sir John Vickers and none will oppose a banking reform, a populist measure to gain voters.
A mi no me engañan los culeros.
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Friday, September 16, 2011
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