Raw rumour

Discussion in 'The Intelligence Cell' started by hong_kong_fuey, Mar 4, 2008.

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  1. Well this is the rumour service, so here goes. There's noise of another rogue trader, this time at Merrill Lynch. It's being rumoured that the individual is/was a Forex trader who was taking a long position on the Dollar. It's being said that ML will be taking a significant hit, in the region of $500m. Though, next to its billion dollar write-downs this figure appears insignificant. Could be interesting, though, since it could open a can of worms.
  2. I'd be more interestd in finding out something closer to home - what happened to that inquiry into bank charges that blocked us taking the greedy bastards to Court. That died a particularly rapid death the moment the headlines faded.