The news that a UBS trader lost $2 billion, and hid the problem, is egregious enough. What is shocking, but ultimately understandable, is that he was relying on Fox News for information. My students will remember that anything Fox/New Corporation is strictly banned as a news source.
http://www.ft.com/intl/cms/s/0/e6148290-df99-11e0-845a-00144feabdc0.html#axzz1Y2nVg63S
(Third paragraph)
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