> If anything, Palombo says it probably makes sense to just do things without any questions. "“I complained a lot at work and I believe this made me a target. The more sensible advice is maybe just to play the game, keep your head down, don’t complain, don’t report your bosses, obey. Those people were all promoted, and of course none were charged in relation to the Libor/Euribor cases. Barclays protected them.”
So that’s his takeaway? Kinda sad but then again who wants to end up in prison for doing what everyone else is doing as well.
I think a lot about banks and their stranglehold on everything. Crypto was supposed to be somewhat of a cure but now it’s being adopted by them which will enable control. It really feels like there’s no way to avoid or change the system?
interesting, although it is not clear how long he was in prison for.
Convicts have to pay the government's legal expenses? (At end of article) ... Wild but I suppose there's a certain logic to it.
He committed criminal fraud, went to prison for years, and then did a PhD in Philosophy and Critical Theory. Thesis: "Nudity and Disorder. Adventures in Posthumanist Freedom"
Not sure how he can be surprised his former colleagues are now distant:
- was he even a cultural fit for the finance world in the first place
- you can't go off the radar for years and then simply walk back
- now he has a criminal conviction for fraud, which is clearly going to be a problem for his former colleagues
FYI, a VP title at a financial institution doesn’t compare to a VP at a normal company. Don’t be fooled by the different title structures in banking. Being a VP does not mean someone was an executive or even necessarily in management.