Moi: I see you’re busy this morning (phone ringing off the hook, people rushing everywhere with big files.)
Director: Yes, it’s a bit of a…er…
D: Er…yes. A bit of a shock.
Moi: Did you know the guy?
D: Of course not!
Moi: He did it on purpose, is that it? To sink the ship so to speak, right? Was he mad at someone in the bank do you think? Was he on his own?
D: He must have really hated someone in the bank to do such a thing. (wipes his forehead with a tissue)
Moi: So, are interest rates going down?
D: No, actually, president Trichet of the European bank has announced they’ll probably go up to fight inflation.
Moi: Oh, that’s stupid. When the price of oil, corn and wheat shoot up, you’re going to have inflation anyway. So, what are your fixed rates like?
D: They’re low now.
Moi: Do you know the guy’s name? Have they released a photo of him yet?
D: They released his name, I haven’t seen a photo yet.
Moi: I just can’t believe he did it by himself.
D: Er…That seems to be the case though.
Moi: I mean, how could such a thing happen? And no one saw it coming? It sort of shakes your confidence in the banking system.
D: We have lower interest rates over here. Look at this chart.
(notice how he changed the subject…)
Anyhow, I was wondering if I shouldn’t change banks, just to be contrary, but it’s quite the pain to change everything.
I did find out that:
The bank knew about it DAYS before it was announced.
The trader probably did NOT act alone.
SOMEONE made a HELL of a lot of money. I wonder if they will ever trace it.
President Sarkozy has ordered the bank to give a FULL report to the minister of finance before the week is out.
I kindof would like to be a rogue trader. It’s the idea that’s cool. But Who would trust their money with Moi?