Celebrities list / Nick Leeson

On 15 Aug., 18:35, Manuel Rodriguez wrote: > Hi, > Ich bin grad dabei, mich in die Bilanz der Deutschen Bank einzulesen. > Und da ist mir aufgefallen, dass sie als Vermögen auch Futures und > Derivate mit drin haben. Jetzt meine Frage: sind das die Initial > Margins und muss die Deutsche Bank da nachschießen, wenn das > Underlying dreht? > * * Konkret: Angenmmen, die ...

that's not true about Nick Leeson-he was the fall guy I suggest you re-read the accounts of what happened - he was far more than the fall guy, he was a criminal who consciously traded way beyond his authority and connived to hide what he was doing. That said, ... whose trades were ignored by idiot bankers. You are absolutely right about - any how they escaped so lightly is beyond me....

that's not true about Nick Leeson-he was the fall guy whose trades were ignored by idiot bankers. I think you can rank LTCM- Myron Scholes' baby that nearly bankrupted the world as the anti-matter version of Buffett. Also Victor Niederhoffer has blown up spectacularly. However the collective efforts of the US and UK banks in their smug arrogance also wrecked the global economy, and while they...

I guess one (non-political!!) example would be Nick Leeson who managed to call the market wrong and throw good money after bad until he ran out of (other people's) money? Archie