By Kurt Cobb (Guest Post)
Last week authorities apprehended a trader for UBS, the huge, international Swiss bank, on suspicion that he lost $2 billion of the bank’s money in unauthorized trades. It’s not the first time something on this scale has happened. In 2008 a trader at Société Générale, the giant French bank now so much in the news, lost $6.7 billion of that bank’s money in supposedly unauthorized trades before he was caught. My question is quite simple. If these traders had made billions for their institutions instead of losing them, would they have been labeled “rogue” and handed over…
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