Swiss National Bank (SNB) President, Hildebrand's wife made a ton on currency trades, trading ahead of the SNB's announcement in September that it was going to fix the floor for franc VS the euro. During his press conference yesterday, Hildebrand said all the profits that were made in the currency trades that his wife made, were given to charity. What he's saying is that it's OK to rob a store, as long as you take the money down the church and lay it on their steps if the public finds it out?
I actually wonder what world event will bring back a sense of moral hazard. They are doing exactly what anyone in that position would do since there are no repercussions. You see it in politicians and banksters the world over. You see it in real estate, business dealings everywhere. A sense of 'so sue me' if they are caught out. The other thread on rural vandalism is another example.
