2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 375.93

-1.8%

Nov 14 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Snowshoe	1/24/2008 6:33:55 AM
	Read Replies (3) of 217792

Sacré bleu!... Rogue trader swindles French bank out of record £3.7 BILLION dailymail.co.uk Bankers worldwide expressed astonishment that a single trader could have concealed such enormous losses. Some suggested SocGen's sudden closing of the positions on Monday was a major factor in forcing the US Fed to slash interest rates the following day. The bank said it discovered last weekend that the single trader in Paris had secretly been setting up huge positions - far beyond his authorised limits - betting on stock-market indices across Europe. The timing could not have been worse: global markets went in to a spiral on Monday, just hours after the discovery was made, as virtually every European market fell by 7 per cent or more and a worldwide recession looms. Today however the FTSE is up amid the suggestion that the spectacular fraud may have been such a significant factor behind Monday's crash. Now that the fraud has been uncovered, some markets appear to be recovering slightly to recover.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next