Wednesday, June 11, 2008


20080611 News today Sime Darby fired two seniou management staff for incurring RM120 million losses from crude palm oil futures trading. these people think they can be Leeson or Jerome Kervial who made tremendous losses for Barings Bank (now defunct) and Societe Generale. That is what you get for thinking the market can be manipulated with size. Now Malaysia has more rogue trader incidents to add to the Bank Bumi and Bank Negara ringgit traders.



1 Comments:

At 5:53 AM, Blogger Unknown said...

This is also your blog!
Cheers!

 

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