Comment Re:Lies, Damn Lies and Theft! (Score 1) 525
Very succinct post. The so-called sophistication is just a smoke screen for FRAUD.
I remember a a couple of years ago the president of HSBC's sub-prime mortgage division bragged that the had 100 PhDs in Risk Management on board. Ask yourself, how can 100 PhDs in risk management actually be put to work? Maybe one or two, but 100? Furthermore, based on their results, I guess all these PhDs missed the mark big time.
The point of all this seeming sophistication is to create unfathomable complexity and a cover story for a very simple objective: theft.