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Re:Credit Suisse Takes $4.7B Hit on Archegos Meltdown by Spinnaker_ on Tuesday April 06, 2021 @11:21AM (#26712921)
It's called the Bob Rubin trade. For years you stack up risk and profit immensely from it ($125 million). When things eventually blow up you simply... step away.

So sure, people were fired, but it's not like they are giving back all the money they made.

Re:Credit Suisse Takes $4.7B Hit on Archegos Meltdown by whatshisface on Tuesday April 06, 2021 @12:26PM (#26713861)
Principal-Agent problem, we meet again.