City trader 'gambled away' millions

[atticus]

Quote from Rationalize:

lol.. risk systems in banks are not generally built by the best & brightest. Outsourced & a series of buggy spreadsheets often. Funny when these cost savings don't work out so well..

Rationalize is still using excel 2003!

 

[Rationalize]

Quote from atticus:

Rationalize is still using excel 2003!

eh, 2007 actually.. with windoze xp & explorer 7.

it's a global powerhouse here.

tryin to reduce the number of bloomberg licences currently. "top priority".

the horror, the horror..

 

[atticus]

Quote from Rationalize:

eh, 2007 actually.. with windoze xp & explorer 7.

it's a global powerhouse here.

tryin to reduce the number of bloomberg licences currently. "top priority".

the horror, the horror..

Soon you'll be sharing a mouse.

 

[Rationalize]

Quote from atticus:

Soon you'll be sharing a mouse.

having your own mouse is the "new" killin it.

 

[Rationalize]

Quote from HeSaidSheSaid:

Who's an idiot here? UBS or Mr. Adoboli?

I wouldn't let someone whose background is in e-commerce and digital business to manage billion dollars account. market sharks out there would eat him alive!!!!



http://www.businessweek.com/news/2012-09-17/adoboli-was-in-debt-had-spread-bet-accounts-prosecutor

m yeah .. actually probably over qualified for Delta One

No rocket science required.

A working knowledge of how spurious correlation can fuck you - optional.