Viewing profile — taway2021s

I love how 20-sigma events happen every 8-10 years on Wall Street. Sounds like no statistics I've ever seen. Conveniently, money is extracted along the way in the form of generous …

>> In both situations, some subordinates will inevitably commit crimes in the name of the organization (eventually), and holding the person at the top completely responsible is tot…

https://en.wikipedia.org/wiki/Kareem_Serageldin He was literally the ONLY single person who did.

There is a pretty clear line between innovation, risk taking, and fraud. Intent can be shown based on firms' internal positions and emails (e.g., Goldman Sachs was internally short…

You conveniently cite the case where the perpetrators were also fooling themselves. What about the case where the perpetrators were saying on thing publicly and privately betting a…

You dont necessarily need to charge the Wall Street CEOs. You can charge the Senior Managing Director of Structured Products. Or MD of Structured Products banking/trading/risk/what…

Sure. Lets start with an easy example. Why didnt any Directors at Goldman Sachs serve prison time for knowingly bundling Synthetic CDOs with bad CDS that they internally know were …