2008 Société Générale trading loss a role in the market's overall decline, but characterized that impact as "minimal". 2008 Société Générale trading loss In January 2008, the bank Société Générale lost approximately €4.9 billion closing out positions over three days of trading beginning January 21, 2008, a period in which the market was experiencing a large drop in equity indices. The bank states these positions were fraudulent transactions created by Jérôme Kerviel, a trader with the company. The police stated they lacked evidence to charge him with fraud and charged him with breach of trust and illegally accessing computers. Kerviel states his actions were known
Jerome of Prague were declared to be entirely voluntary and to state his own opinions, in which he announced that he had become convinced that Hus had been rightfully burned for heresy. (Hus had been burned at the stake while Jerome was imprisoned.) However, the Council of Constance kept him imprisoned as they doubted his sincerity and wanted a more incriminating confession. On 23 May 1416, and on 26 May, he was put on trial by the Council. On the second day he withdrew his recantation, and on 30 May he was condemned and burned. In this way, Jerome became the first official