Sir, I need to talk to you. Not now.

It's urgent Sir: I just lost $6.4 Billion

[walkman]

"The fund has lost $6.4 billion, according to the letter, which said assets were down 65 to 70 percent for the month and 55 to 60 percent for the year. Amaranth started the year with $7.5 billion, soared to $9.2 billion before stumbling to less than $3 billion today.

Amaranth’s energy desk, manned by a young trader named Brian Hunter, bet aggressively on natural gas. When certain prices fell earlier this month, the fund found itself in positions too big to liquidate."
[nytimes.com...]

I just saw Rogue Trader, so naturally I am wondering if he pulled a Leeson...

[walkman]

trust me, I love the fact that the got screwed; Exxon's former CEO said that about $20 a barrel is just speculators. We are paying at least a thrid more because of the hedge funds and other speculators.

[JudgeJeffries]

How long before that item is used as the basis for a 419 scam?
Worth remembering that if one party lost 6 bill, someone else made it.

[edited by: JudgeJeffries at 10:07 am (utc) on Oct. 1, 2006]

[Essex_boy]

Do you reckon he'll be fired?