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I agree that traders can be unbearable.

There is something wrong with this story. Either it was a failure in hedging that resulted in $30 million in losses or it was intentional inflating of the marks. But if it was a hedging mistake, why did Deutsche Bank squeal on these folks to BondWeek and then have an anonymous internal source say that the mispricing is over $30 million? Doesn't make sense. Apparently, it was overmarking positions for which there were losses.

As the original poster said, how could the person in charge of that area NOT know that the books were inflated? Clearly, the person in charge (apparently Justin Kennedy) should have known about this (or he was not providing any oversight which is just as bad).