You Can't Legislate Morality

So Philipp Hildebrand has quit. Not that he did anything wrong, of course. Hildebrand said "I came to the conclusion that it’s not possible for me to deliver a definite proof that my wife requested the currency transaction without my knowledge. Unfortunately, mistakes were made around this transaction.” The only problem is that he can’t prove he didn’t do anything wrong! The Swiss National Bank released a series of emails between Hidlebrand and his banker. Here’s the Bank Sarasin guy’s email on 16 August: I also remember your saying in our yesterday’s conversation that if Kashya [Hildebrand's wife] wants to increase the USD exposure then...

So Philipp Hildebrand has quit. Not that he did anything wrong, of course. Hildebrand said "I came to the conclusion that it’s not possible for me to deliver a definite proof that my wife requested the currency transaction without my knowledge. Unfortunately, mistakes were made around this transaction.”

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