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
St. Jerome in the Desert (Bellini, Florence) St. Jerome in the Desert (Bellini, Florence) St. Jerome in the Desert or St. Jerome Reading in the Desert is a 1480 oil on panel painting by Giovanni Bellini, now in the Uffizi Gallery in Florence as part of the Contini Bonacossi collection, giving it its alternative title of The Contini Bonacossi St. Jerome. Its original location is unknown, though Gamba's theory is that it was an altarpiece for Santa Maria dei Miracoli, Venice, where Jacopo Sansovino mentioned seeing a St. Jerome by Bellini completed in 1489. It uses the same composition as another "St. Jerome in the Desert", controversially