Makes sense from the corporation’s perspective. But also kinda sounds like moral hazard to me.
Of course. That was the point. If you can make more bets than you can cover, and suffer no liability when you can’t, you’ve got yourself a license to steal. And clearly the trader knew it.
Makes sense from the corporation’s perspective. But also kinda sounds like moral hazard to me.
Of course. That was the point. If you can make more bets than you can cover, and suffer no liability when you can’t, you’ve got yourself a license to steal. And clearly the trader knew it.