Sunday, January 27, 2008

Preditory lending

Let us revisit the story of Jerome "rogue trader" Kerviel.

Please tell me how his actions differ from those who played by the rules and fucked up with the predatory practice of making sub-prime loans?

My guess is the "played by the rules" people profited whereas, from my readings, Jerome did not.

It sure hurts to be a serf.

I really need my meds.



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