Tuesday, October 5, 2010

Kerviel Owes SocGen $6.8B - The Check is in the Mail

Former Societe Generale trader Jerome Kerviel was sentenced to three years in jail by a Paris court on Tuesday for his role in a trading scandal and ordered to pay the French bank 4.9 billion euros ($6.8 billion).

They must think he is the Treasury and able to print dollars - strike that, Euros!

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About Me

A student of the markets that has held portfolio management, analysis and trading positions for over 15 years.