Things are super-fun in finance right now! Richard "Chip" Bierbaum, who is related to megasocialite Tinsley Mortimer (his stepfather is Tinsley's husband Topper's father's brother! Parse that!), and five of his bosses were cruelly let go from Calyon, the i-bank arm of Credit Agricole SA, over monster losses of $353 million. Mr. Bierbaum disputes that any of this is his fault and that he most certainly was not maintaining what the company called an "unusually large market position'' that was "above the authorized limit."

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