Thursday, 15 September 2011

White Collar Criminal Arrested!!!!!

Yes, the use of five exclaimation marks in the title is justified. Suspected UBS rogue trader Kweku Adoboli has been arrested today in connection with a trading incident that is estimated to have cost UBS £1.3 billion ($2 billion.) Presumably, if found guilty he will, like his forebears before him, face a prison sentence of 4-8 years.

I do wonder, where were the arrests when the bankers cost the taxpayers of Britain an estimated $1.3 trillion? Are we just to ignore criminality, criminal negligence and individual culpability when it takes part on a grand scale and only ends up cheating the public out of money?

Of course we are!

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