this trader named nick leeson managed to conceal until the firm collapsed. here is what he wrote. luckily, for my fraud, there were too many chiefs who would chat about it at arm's length but never go further. they never dared to ask me any questions, since they were afraid of looking stupid about not understanding futures and options. think about that, i have been on the banking committee eight years now. i started off not knowing these issues as well as i should have or wanted to, but i also understand that that is the game they play. they use language, use intimidation, and threats is the wrong word, too. the use language to make you not want to question them because the media does not want to sound stupid and regulators don't want is sound stupid, so we don't challenge them. the story shows why it is so important that we challenged him. still be afraid of looking like you don't know enough about financial reform and financial regulation and these economic issues. don't be fearful about not knowing enough when you challenge power and when you challenge their comments. that is w