NEW YORK ( TheStreet) -- It seems so obvious now. The reason banks use covert-sounding team names like the "Delta One" desk at UBS (UBS - Get Report) and the "Alpha" fund at Goldman Sachs (GS - Get Report) is because they really are trying to cover things up.These are the banking equivalents of special forces. They are meant to operate in the shadows; no one is supposed to know much about them or what they do. When things go wrong, the teams are disavowed. They become "rogue traders" and their actions are decried as "unauthorized."
'Delta', 'Alpha' Teams Provide Cover for 'Rogue' Traders - Outrage
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