You didn’t forget Jeb Bush was still running for president, did you? I did, on Monday, for a moment, when the Iowa results were coming in. The New York Times website featured a leaderboard with Ted Cruz on top, followed by Donald Trump, followed by Marco Rubio, Ben Carson, and Rand Paul. Oh, that’s how everyone did.
Lehman Brothers' Japan office is under scrutiny for making a little mistake: it lost a $350 million investment in a fraud. They thought the project they were investing in was backed by a reputable Japanese trading house, but it really wasn't. How did the scammers pull off their master plan? With fake stationery and business cards. Yes: somebody showed them some documents with an "official" company seal, handed over that genuine-looking business card, and next thing you know, $350 million! When things like this—or, say, a low-level trader at Societe General losing $7 billion by himself— happen at some of the world's top financial institutions, the impulse is to call those involved idiots or crooks. And sometimes they are. But guess what: getting scammed can be way easier than you think. And that especially goes for journalists!