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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