How a broker spent $520m in a drunken stupor and moved the global oil price

OwlHoot

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#1

How a broker spent $520m in a drunken stupor and moved the global oil price

30 June 2010, 21:03

From today's Torylibdemagraph

How a broker spent $520m in a drunken stupor and moved the global oil price

and yes, it quotes the value of his house

Mr Perkins was not available for comment last night at his £340,000 home in Brentwood, Essex, and it is not known whether he has found alternative employment. The FSA will consider re-approving him as a broker after the ban, if he has recovered from his alcohol problem, but noted "Mr Perkins poses an extreme risk to the market when drunk".

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#2

1 July 2010, 09:10

Originally posted by OwlHoot View Post

From today's Torylibdemagraph

How a broker spent $520m in a drunken stupor and moved the global oil price

and yes, it quotes the value of his house

His £340K house? What a loser!

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rsingh

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#3

1 July 2010, 09:23

He certainly lived up to his job title...
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threaded

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#4

1 July 2010, 09:43

Someone enlighten me as I don't get it: if they'd held those positions they would have made money, it's the backing out that made the loss.

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#5

1 July 2010, 09:52

But wait there's more.

How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.

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