Thosein positionsofresponsibility, whoshouldhaveknown about the crime (orits planning) andwhofailed to prevent itor prosecute those responsible, shouldbeheld criminally responsible.
Proprietary trading has become a dominant feature of its business, and the least understood from the outside, since Goldman won't talk aboutitspositions.
On the Friday after MF Global filed for bankruptcy and after a week-long hammering of its stock Jefferies published details about the debt it holds in the troubled Eurozone nations as well as its hedged positions.
Anticipating a PTC demise, Siemens AG, a global leader in wind turbine manufacturing, has announced plans to cut more than 600 positions, about 37% of its wind-turbine manufacturing jobs.