October 12, 2015

I know it is so politically incorrect but… where would Britain have been without its fair share of scoundrels?

Sir, Lindsay Fortado writes that Kweku Adoboli, the 35 year old UBS rogue trader, who lived in the UK since he was four, might now be deported to Ghana, “Deportation order UBS rogue trader Adoboli to fight to remain in the UK” October 12.

What is this, has not the UK had its own share of valuable scoundrels? Is being a scoundrel now suddenly a reason to deport someone in Britain? I am not an expert on British history but I know that BBC’s 100 Greatest Britons, broadcasted in 2002, included Walter Raleigh who I, as a Venezuelan, remember being told was even though a poet, sort of a pirate. Who knows perhaps Kweku Adoboli has it in him to kick Sir Walter out of that list and perhaps some Venezuelan would appreciate that.

Sir the real and nothing but the truth truth, although sad, is that few nations would have come very far without enterprising scoundrels.

Sir, I realize it is so utterly politically incorrect but… where would Britain have been without its fair share of scoundrels? Or perhaps even without its more than fair share of scoundrels? 

PS: If I was to deport someone from Britain, because of economic damages caused, it would of course be all those who had anything to do with forcing banks to use perceived credit risks to calculate how much capital they needed, even though those perceived credit risks were already used to set interest rates and amounts of exposure. That made banks 200% sensitive to perceived credit risk, which makes it impossible for these to allocate bank credit efficiently. But deport to where? Perhaps to Basel. 

@PerKurowski ©  J