2008 Société Générale trading loss positions built up by Kerviel. This has led to speculation that stock market turbulence caused the Federal Reserve Board to cut the rate. A Federal Reserve spokesperson denied the central bank knew of Société Générale's situation when it made its decision. It is estimated that over the period the total trading in futures and the cash market for the Euro Stoxx 50 was €544 billion. This would make the unwinding of Kerviel’s position account for five per cent or less of overall activity. Société Générale's investment banking chief, Jean Pierre Mustier, acknowledged that the three days of forced selling played
Rogue Traders (TV programme) footage is then shown of what occurred afterwards with the trader, which include interviews with customers who had dealing with the trader and who decided to come forth on to the programme about their experience, and with investigators (mainly from Trading Standards) who investigated the trader, and found enough evidence to prosecute them for unethical, aggressive and illegal business conducts. For the latter, where the trader's trial took place, is mentioned by the host, who also states the sentence the trader received as a direct result. On 2 August 2008, a six-part spin-off show was launched called "Rogue Restaurants", where