Chinese copper dealer vanishes

[lovuian]

A Chinese trader on the London Metals Exchange who is rumored to have made a bad bet on copper futures has disappeared.

Observers believe that Liu Qibing sold between 100,000 and 200,000 tons of copper short -- promising to deliver it at a lower price than it was selling for at the time. But copper has continued to climb in price, and Liu, or his employers, could be in the hole for about $800 million, the Times of London reported.

One question is whether Liu was working for the Chinese government and whether his trades were approved. Several analysts told the Financial Times Liu's trades, or at least any large ones, would have had to be approved by the Chinese State Reserve Bureau, his presumed employer
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http://feeds.bignewsnetwork.com/?sid=54fd99978640df70

Now heres the question how do we arrest the Chineese government???

[Richard Steele]

1. Move along, nothing to see here....

Futures trader? what futures trader?

[Skink]

2. Isn't w out of the country.

[lovuian]

3. and in Japan and China this is so coincidental

Riiiggghhhttt!!! I agree there is kickback checks being issued to all the corrupt traitors!!!

[lovuian]

4. Like what happens when China doesn't pay its trader's bill???

800 mill just never gets paid??? I love that kinda win win win position!!!