Societe Generale uncovers $7bn fraud - 24 Jan 08

[francefer]

Anglais fis de pute, vous allez couler avec votre économie de merde,. Ingères de mierda su economia es una porqueria sus falsas informa Jones nô van ha lograr dextrine la economia francesa

[11gearhead13]

lol....did he think he could get away with all that money? dumbass

[TYX91101]

Some reports are using the word "fraud". Others describe "losses". The second is probably accurate.

Most likely a case of disinformation and damage control wherein a patsy is framed as a "rogue trader" to preserve the illusion of responsible business practices by the bank.

[arifdesign]

maybe i am wrong... i think i have seen the presenter on BBC, or maybe not.

[haldenver]

worked right in the middle of this ( SG equity derivatives ) for many years:unbelievable. Not credible that he did this alone;obvious that senior management must resign.

[cptblake]

that bank got just what it deserved...it seems those fat cats pulling in the big money are not as smart as the think they are. if one man can pull down this.

[davecruz70]

This is truly life imitating art. In the 1999 film Rogue Trader, Nick Leeson (Ewan McGregor's character) was competing against SocGen when he started losing big. He was worried SocGen would win the business from Barrings when he started to trade on behalf of his 88888 account.....stranger than fiction

[KINGFISHER300]

TO GERRY KERVIEL=TOUCHE GK.COMME TA LE VU MSR.GK =GOOD WORK= CETTE SEMAINE GERRY JE SUIS ENCHANTE D'AVOIR FAIT VOTRE CONNAISSANCE LE PLAISIR EST PARTAGE MON MEILLEUR SOUVENIR JE PERE--LE CLIGNOTANT MSR. BONJOUR====KING-FISHER et ECHELON 300

[KINGFISHER300]

TO GERRY KERVIEL=TOUCHE GK.COMME TA LE VU MSR.GK =GOOD WORK= CETTE SEMAINE GERRY JE SUIS ENCHANTE D'AVOIR FAIT VOTRE CONNAISSANCE LE PLAISIR EST PARTAGE MON MEILLEUR SOUVENIR JE PERE--LE CLIGNOTANT MSR. BONJOUR====KING-FISHER et ECHELON 300

[5emeDAN]

man who cost 5 billion

[oneundergod]

the banking system lacks accountability credit has an electronic trail, has to go to another bank

we must stop believing these fairy tales ,cash ,credit cant disappear ,assets bought cant disappear

when govts going to seize back these unaccountable privite instritutional credit creators

the banking cartels are hiding much ,and govts still give them licence to print money"?

it went some where dont presume were supid enough to believe it didnt go to some banker somewhere

[Ayeere]

Are you an accountant? I can tell you this, they can make 1 + 1 = 1. Its not that it "dissapeared" its that it never existed in the first place.

[obsidian2012]

Now that is an interesting theory.

[HamedMAX]

Thx Aljazeera :O)