You have to laugh at the court system. It’s a joke here but it’s reassuring to know that things are no better abroad and judges are “dotty old” everywhere. In the USA, they give people sentences of hundreds of years “because they can”. In France this week, they went in another direction.
A rogue trader got 5 years (2 suspended, time off for good behaviour means he does about 18 months tops) for exposing his bank to a 50 billion euro risk. He was also ordered to pay €4.9 billion in compensation – which the bank says it won’t try to collect. So that was a waste of time.
Afterthought: Maybe the bank is planning to give the guy his old job back and keep his bonuses for a couple of years.
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