• The post you are reporting:
   
  I am sure people will have heard about the bloke who lost £1.3bn last week in the City. Then of course previously there was Nick Leeson who bankrupted Barings,
  
  Well there is an even bigger rogue trader out there and so far he has not been arrested for his crimes. He was not qualified or authorised to trade in the markets, he ignored expert advice to do so. He sold at $275 an ounce, on a low pricing point, something only the very stupid do, having forced the price down from an already low point by announcing his intention! The price is now $1,920 an ounce, a massive rise since he sold off.
  
  His losses have been estimated at between £10bn and £12bn.... This really must be the biggest trading loss ever in the markets by a single trader. What is unforgivable is the fact that he ignored the experts in doing so and his crime was far from being hidden from view.
  
  Yet he has got away with it.
  
  As his employers we should demand the arrest of Gordon Brown immediately for that appalling gold sale.

Report Post

Your Name

Reason