Spare time, chewthemslowly, savor, one oflaughterandtears, success and failure, the merits and demerits, gain and loss, letmehaveaperiod ofunforgettablememories.
Mr Oudea rejects the idea of a systemic failure, arguing that the loss was a product of a particular time and place: a period of rapid growth in equity derivatives, which overstretched the bank's capacity to monitor itself, and a peripheral trading desk where people were less jumpy about the risk of fraud.