I heard a hilarious story the other day about an incident that occurred when European Commission investigators raided a trading shop in connection with the Brent investigation. While going through trader emails and documents, one of the crack investigative team came across numerous documents about trading on ICE. The investigator was puzzled, so he asked the a lawyer for the trading company: “You trade ice?” Lawyer: “Yes, we trade on ICE.” Investigator: “You mean you really trade ice? Frozen water?” Lawyer: This is my please-tell-me-you’re-sh*tting-me face.
No prizes for figuring out which was Abbot, and which was Costello.
We are in the best of hands. The best of hands.