Friday 4 May 2007


Here is the story of an incompetent Credit Suisse guy busted for insider trading. The dude used the office phone to tip off his contact FFS, no wonder he’s a ‘junior banker’ at the age of 37.

Nice to see CS claiming that they ‘immediately informed’ the authorities, when in fact CS hadn’t any idea what was going on, and had to be told by the SEC.

Still, secret squirrel info is part of the game. I sit here in the knowledge that the employer of someone I know well is up for sale, which may result in their losing their job. Should I tell them? No, because it’s illegal. Do I want to tell them? Yes. It’s all down to what my MBA ethics professor would call (with an absurdly overdone French accent) one’s ‘moral compass’.

Ever wish you were young again? Maybe in your middle teens, with the best (and most heavily subsidised) years of your life just around the corner? Think again – take a look into the mind of a 14 year old. I suppose one forgets the hormone-fuelled intensity of those difficult years…
Well, it’s Friday, so why not mix your self a double-oh drink sit back, and enjoy this quite brilliant piece of creative accounting.
I’m following the herd down to Greece for a few days, so hang in there, friends…

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