13 June 2005

The Wheels of Justice Slowly Grind

The first witnesses in the Bank of Commerce and Credit International collapse case will be heard, 10 years after the fact. Can you remember what kind of paperwork you signed at the office or anything about those interminable management meetings 10 years ago. Unless you're terminally anal, there's at least a 50/50 chance that you were taking a nap, doodling, recovering from or planning a long lunch, or making a personal phone call at any given moment on any given working day.

Now some bewigged person will ask you, "Is it true that at the meeting of the subcommittee on policy planning for derivative hedge trading held on April 9, 1995, you spoke in favor of using Rule 36(b)12 of Subsection 42(A) to use losses on the bank's zloty/rupiah cross interest rate trades to offset profits in the rubidium futures room?. Before you answer, let me remind you that of the penalties for perjury........."

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