{"id":203,"date":"2008-01-25T12:20:27","date_gmt":"2008-01-25T19:20:27","guid":{"rendered":"http:\/\/www.onecle.com\/blog\/archives\/2008\/01\/25\/legend-of-the-rogue-trader\/"},"modified":"2008-01-25T12:20:27","modified_gmt":"2008-01-25T19:20:27","slug":"legend-of-the-rogue-trader","status":"publish","type":"post","link":"https:\/\/www.onecle.com\/blog\/2008\/01\/25\/legend-of-the-rogue-trader\/","title":{"rendered":"Legend of the Rogue Trader"},"content":{"rendered":"<blockquote><p><strong>MarketWatch<\/strong>: <a href=\"http:\/\/www.marketwatch.com\/news\/story\/riskmetrics-soars-stock-market-debut\/story.aspx?guid=%7B7FAD917D-8EB8-402E-BC2E-8A2AEF329FCE%7D\">RiskMetrics Soars in Stock-Market Debut<\/a>. In markets, like comedy, timing is all-important. So it was highly fortuitous for RiskMetrics Group Inc., a provider of risk-management and corporate-governance products and research, to make its stock-market debut one day after Societe Generale, France&#8217;s second-largest bank, stunned the financial world with the revelation of its $7.1 billion trading loss at the hands of a single rogue employee.<\/p><\/blockquote>\n<p>I&#8217;m not a believer in rogue traders.  If an employee managed a series of trades that netted $7.1 billion, no one will be calling that person a rogue trader.  The lesson is that you are only a rogue trader if you bet incorrectly.  Funny how we don&#8217;t apply that derogatory term to other professions, even when they stumble as badly or worse.  We don&#8217;t talk about a rogue politician that has led our country into war that has resulted in a <a href=\"http:\/\/www.nationalpriorities.org\/costofwar_home\">$488 billion loss<\/a>.  Anyways, <a href=\"http:\/\/contracts.onecle.com\/alpha\/7955.shtml\">RiskMetrics Group Inc. contracts<\/a> are online.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MarketWatch: RiskMetrics Soars in Stock-Market Debut. In markets, like comedy, timing is all-important. So it was highly fortuitous for RiskMetrics Group Inc., a provider of risk-management and corporate-governance products and research, to make its stock-market debut one day after Societe Generale, France&#8217;s second-largest bank, stunned the financial world with the revelation of its $7.1 billion [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10],"tags":[92,128,129],"class_list":["post-203","post","type-post","status-publish","format-standard","hentry","category-ipo","tag-ipo","tag-riskmetrics","tag-rogue-trader"],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/posts\/203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/comments?post=203"}],"version-history":[{"count":0,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/posts\/203\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/media?parent=203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/categories?post=203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/tags?post=203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}