UBS Warns of Big Loss on Rogue Trades

The Swiss bank, UBS, was rocked early Thursday by its disclosure that a rogue trader racked up about $2 billion in losses at its London branch.  What I find amazing about this situation is not losing $2 billion of course, but how is it that we never seem to hear about unauthorized trades by a rogue trader that makes banks money?  Funny how that happens.  It is like the current market in that as long as financial assets soar to the heavens, no one cares how the Fed, as the rogue trader, is manipulating the market.