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0 pointsnix235y ago0 comments

That was something else, his wife mysteriously knew that the swiss national bank binds the swiss frank to the euro..and he was the president of the national-bank.

That is insider trading, and directly profiting/stealing from the capital that belongs to the swiss peoples.

0 comments

saiya-jin5y ago

He was perfectly allowed to do that by his work contract (and so his wife, since in swiss marriage wealth is shared, and so are taxes here). That argument didn't work well in face of public and he was let go very quickly.

nix23OP5y ago

>Hildebrand’s wife Kashya, a former hedge fund trader who now runs a Zurich art gallery, bought 400,000 Swiss francs ($418,000) worth of dollars on August 15, three weeks before her husband oversaw steps to cap the rise of the safe-haven franc. She later sold the dollars at a higher rate.

AND

>Hildebrand admitted the scandal had revealed shortcomings in the SNB’s internal regulations and code of conduct.

So he self knew that it's not right to do that, he's not a normal President but the one from the Swiss national Bank. No one wants someone like that in such a position.

AND

>Christoph Darbellay, the Christian Democrat chairman of parliament’s economic committee that Hildebrand addressed, said it would push the SNB to tighten its rules. “People who can have an influence on the currency should keep their hands off,” he said.

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