AXA Rosenberg's Attempt To Conceal Its Quant Glitch Costs $242 Million

Tyler Durden's picture

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Double down's picture

Preoccupation with porn

You are killing me!!!

 

Bitches!

Ima anal sphincter's picture

I'm a total financial idiot, but it seems to me if money is missing, it was a planned glitch.

Money Squid's picture

Agreed. Companies keep multiple sets of books, they keep multiple sets of computer programs, ones that trade for profit from offshore companies and ones that trade for losses for the sucker investors onshore.

benburnyanki's picture

yea u rite matey! every trade has a winner and a loser. I a programmer and I know that their software is designed to be hooked up to their Jew Mafia customization that makes winning trades work for the Jew Mafia families and more of the losing trades handed out to locals who the Mossad/CIA have targeted for 'Stasi Secret Disintegration' to financially destroy them. The Mossad secretly financially/emotionally destroys 'smart folks' who are not in the Jew Mafia as nobody even knows there is a Jew Mafia. Biggest most secret fookin' Mob around folks!

h3m1ngw4y's picture

you are so full of shit and/or losses that your mental health is turned into a disaster

Comrade de Chaos's picture

O Common. Ignoring your job duties and failing to oversee your former or future friends, is a very nerve breaking job. How else can one hanle it but a nice long afternoon porn session? 

this case is a clear indication that if one wants to do business in here related to anything somewhat substantial in  "investments" or "banking", one just hasto hire former SEC employees.. or ELSE. (or else no one will warn you when the bad boys come & what they will look for... sarc / sick)

http://www.youtube.com/watch?v=PjpvpQ9c8IE&feature=related

 

 

RobotTrader's picture

The money must have been "skimmed off" by the managers.

Nothing new, move along please.....

Attitude_Check's picture

Making errors faster by computer is never a good thing .... unless you are the recipient of the errors.

snowball777's picture

Zero sympathy for the 'fleeced'...fuck em if they're too lazy to manage their own money.

Yen Cross's picture

Thank you robot trader for filtering the recents chart requests through Tyler. You're both good men. The 10 cross over was on the 21 sma buy the way. Best wishes. To you both.

benburnyanki's picture

Holy Flyin Fink Farts Fatman,

Who the hell let these SEC flak flickers on The Street? Don't ju all got bodygardz to keep the sticky fingered fatties off your necks?

I know how to count in Japanese and not no Hero or nada but can keep a few SEC pinstripped porn pinkos off ur ass fer a few quid.

Call +44 800 tonyblair

Oh and numbnutz investors, when your fund manager says their software is a Quant (pronounced Kunt) that is your first hint that your in for a fuckin' and then they pull the ole switcheroo and make you the femaile end of the equation.

 

sarnuk's picture

AXA doesnt have the lobbying nd bribing paower of the major investment banks. That's why they get fined this obscene amount for a coding error that they already paid for by losing half their assets.

 

Now major bulge brackets get fined $10 million, or maybe one employee's salary, for years of frontrunning, now that's special. Oh, and how are the big banks doing? did they lose half? NOT.

 

What a joke.