NAB loss just an illusion: rogue trader

David Bullen, one of the traders at the centre of National Australia Bank's rogue trading scandal, said that the $360 million in losses were “an illusion” and he would welcome a jail sentence as just another life experience. He also said the bank could have prevented the losses but management did not want to hear anything but good news. The traders knew they could get away with their rogue trading, he claimed, due NAB's “bad bank system”.

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