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Rogue Trader Crushes Bank Societe Generale (Part1)

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The trader(Jerome Kerviel) behind an alleged 4.9 billion euro fraud at Societe Generale is a man in his thirties earning less than 100,000 euros ($146,500) a year, the French bank said on Thursday.
Societe Generale has declined to name the trader for legal reasons.
"He's in his thirties and has been working for Societe Generale since 2002," Chairman Daniel Bouton told reporters at a news conference.
"His salary was slightly below 100,000 euros a year," said Bouton who earlier said he and his deputy Philippe Citerne would give up their own salaries until June.
Bouton gave no further details on the trader and said he did not know where the man was. He said the bank was starting legal action against him.
Asked whether the trader had sought personal gain from his fraud, Jean-Pierre Mustier, head of Societe Generale's investment banking arm, said: "I don't think so."
Then asked whether the trader was acting alone, Mustier said: "I am convinced he was acting alone."

Etiketat: bank banking Generale Jerome Kerviel rogue Societe trader trading
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rogue-trader-movie-trailer.htmlrogue-trader-movie-trailer.htmlrogue-trader-movie-trailer.html
"Rogue Trader " movie trailerRogue traderScandale societe generale trader jerome kerviel 25/01/08
rogue-trader-movie-trailer.htmlrogue-trader-movie-trailer.htmlrogue-trader-movie-trailer.html
"Rogue Trader " movie trailerRogue traderScandale societe generale trader jerome kerviel 25/01/08


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Komentet: Shfaqi || Fshehi
Komentet per kete video ne YouTube
Support and donate ... ( 9 months ago by SiguranGlas)
Support and donate money to Jerome Kerviel
Visit site: jerome.siguranglas.c o m
I know how this ... ( 9 months ago by OnionHead1988)
I know how this goes, he done nothing wrong, the banks put pressure on their traders to take risks like that, its their greed whats brought them down, of course theyre gunna blame their junior employee for everything
Array ( 9 months ago by divinacomedias)
:/
It's not about "Jews", and the international financiers probably made big profits by buying up the market at it's lowest.
I still believe this was manufactured, and SG affair coming to light was a result of the crash which caused them to panic and blame it on a scapegoat.
"of course theyre ... ( 9 months ago by k1353)
"of course theyre gunna blame their junior employee for everything"
They fired all the managers and directors that were spozed to watch after the guy...
Northern Rock in ... ( 9 months ago by TYX91101)
Northern Rock in England; Societe Generale in France; Citibank and Bank of America could be next.
How could one person execute $7B in "unauthorized" trades? That would be a big day even at Goldman Sachs.
worked there and ... ( 9 months ago by haldenver)
worked there and know them all : in denial. The back office was a joke and massive class-war issues between the back-office and the "elite" sales-trading personnel. Expect more to come on "exotic option" hedging losses.The bank is BUST.
Array ( 9 months ago by meph1980)
Jesus Christ!
What have the Jews to do with anything man!!
hey stop with the ... ( 9 months ago by 8data)
hey stop with the anti-semite shit
bros,
Plenty of Jews in Communist Labor Party Circle
I agree, they made some shady shit, and then tried to pin it on this bro, who cares if the rivera people have to eat ramen
poor guy, sweated cuz hes worxing class
fuxing rich pigs, leave the bro alone
Array ( 9 months ago by 8data)
poor guy Xerviel
just cus hes worxing class
Array ( 9 months ago by 8data)
ITS A BUST
BRO, JOIN THE CLASS STRUGGLE, YOU AND ME IN MEXICO
WITH THE GHOST OF TROSXY
Long live Australian Labor Party
I have to admit, ... ( 9 months ago by 8data)
I have to admit, its got nice buildings
Napoleon should xnew how to build the state
LETAIT CEST XERVIEL
COMMUNIST ... ( 9 months ago by 8data)
COMMUNIST REVOLUTION WORLDWIDE
Trotsky? Bolsheviks ... ( 9 months ago by haldenver)
Trotsky? Bolsheviks? Worked there and know them all : policies were a joke and massive class war issues between the inteligentsia bourgeoise leadership and the workers. It's a bust, Bro, barricade yourself in Perth!
Best Rds HD
Array ( 9 months ago by 8data)
fair enough
red ruddsy
best gov of oz history
i am heartbroxen by the death of perths number one bro
heath ledger
always find some ... ( 9 months ago by 8data)
always find some worxing class guy no second home
in riviera
eatsn baguettes
INSURRECTION CLASS WARFARE
Array ( 9 months ago by 8data)
notn bolshevix
trotsxite
marxist
REVOLUTION
EAT THE RICH
....he was not " ... ( 9 months ago by haldenver)
....he was not "working class" unless you define him as not one of the "Enarque" French Elite : compared to that bunch , we are all lumpenproletarite.
Rgds HD
Heath Ledger ...... ... ( 9 months ago by haldenver)
Heath Ledger ........tragic and truly shocking.Could not believe it.Had to be an accident, but what was he doing messing around all that crap??!!
Rgds HD
Array ( 9 months ago by 8data)
weve all been bro
ive been there since 2003 and the invasion of iraq
damn, that shit has been xilling me oh well
SUPER SAD, NOT ABOUT ME AND MY MILLION YOU TUBE COMMENTS, ABOUT A SUPERTALENTED GUY
heartbreaxing, loss i agree he shouldnt be messing with those drugs
as for losing $7 bill who cares its only money
hes one of the cool ... ( 9 months ago by 8data)
hes one of the cool class
le monde diplomatique
good profile of him in nytimes business section
compliance officers at soc gen
should have run the numbers on their own accounts
and do due dilligence
Fix you audio and ... ( 9 months ago by slimjim006)
Fix you audio and maybe I can listen to it.Adobe Audition
This guy is a hero ... ( 9 months ago by Bokkugakira)
This guy is a hero in my mind! Death to Capitalism!
why detah to ... ( 9 months ago by StiggyStigStig2007)
why detah to capitalism?
clearly it won't be .... soc gen lose $7bn, that's just $7bn that goes to other traders around the world - making them richer
death to tree hugging hippies who hate the best system in the world
its ubs that made ... ( 5 months ago by adnmoh1)
its ubs that made the biggest losses soc gen got hit cus of one peon dumbass, ubs did it with the ceo cfo coo and upper execs.



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