UBS stock took a 7% hit today after the news was published that a rogue trader had been arrested. A 31 year old London based UBS broker allegedly surprised his employer with a $2 billion loss due to unauthorized trading. Who doubted that banks took risk management extremely serious after the mortgage crisis and Kerviel [...]
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Remember the 9-11 Commission: According to Commission Chairman Thomas Kean, “Right now we have been spending a lot of energy in the government trying to dry up sources of funding. When it only costs $400,000 to $500,000 to pull off an operation like 9/11, we’ll never dry up money. But by using the money trail, [...] “Moammar Gadhafi is a fugitive whose country of nationality and the International Criminal Court want arrested and held accountable for the serious criminal charges that have been brought against him,” said Interpol Secretary General Ronald Noble. No sign of the man himself. His wealth seems to have been spread around the world. Both the EU [...] |
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