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How To Lose $7.2B With Just a Few Basic Skills

Posted by ryuzaki0 on from the l33t-skillz-not-required dept.

Cityslacker recommends a Register piece speculating on how a lowly trader at the French bank SocGen was able to lose billions using only Excel VB. The author freely admits that his story is not based on hard sources, but his experience in the banking industry lends plausibility.

8 of 234 comments (clear)

  1. it must be microsofts fault! by Richard.g.k · · Score: 5, Funny

    The solution is clearly to blame microsoft for it.

    1. Re:it must be microsofts fault! by sempernoctis · · Score: 5, Funny

      Do you really want to throw away $7,200,000,000?

                <OK> <Cancel>

  2. lemme try by gEvil+(beta) · · Score: 4, Funny

    Give me $7.2B and I'll conveniently "lose" it for you. And I have no skills!

    --
    This guy's the limit!
  3. Easy! by arcite · · Score: 5, Funny

    Buy high, sell low!

  4. The code used by Malevolent+Tester · · Score: 5, Funny

    10 STEAL Money
    20 GOTO 10

    --
    If you haven't made a developer cry, you've wasted a day.
  5. Re:Insider knowledge by sskagent · · Score: 4, Funny

    ...employ creative accounting.
    Is that where they draw little faces out of the 0's and make 8's into eyes??

  6. Startanairline by ShakaUVM · · Score: 4, Funny

    According to Richard Branson, the best way to become a millionaire is to start as a billionaire and found an airline.

  7. How to make a small fortune. by JonTurner · · Score: 5, Funny

    Q: Want to know how to make a small fortune in the stock market?
    A: Start with a large fortune.

    thankyouverymuch. Don't forget to tip the waiter. No stock tips, please.