When is an executive not an executive? When he’s a “head of”.
A more accurate description of a “head of” would be senior manager or even baby
executive, but one thing they are not is especially senior, “global” or
otherwise, which prompts a few questions:
1) So (US) regulators are going after currency
traders now, not just libor bods, interesting…. (it fits the still subterranean
narrative of every market that could be gamed appears to have gamed i.e. fraud
was committed, and slowly but surely folks are gonna pay)
2) thought traders got the big bucks because they
superstar moneymakers, not crooks?
3) The folks that’re gonna pay aren’t that senior,
meaning the real senior guys are going to keep getting away with it
4) Why are people who aren’t that senior being
misrepresented as being senior?
5) And Jezuz, Shitting Christ and his 12 disciples, why has been going on for years? (compare/contrast re: how long it takes to prosecute "plebs")
As an aside, given these guys look like they’re getting
hauled up in the US, I’d be shitting myself if I was them (see here for instance).
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