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
Course of the Rogue River (Oregon) on the right. At this point, the Upper Rogue River Trail crosses the stream on a footbridge and continues parallel to the river along the left bank. Muir Creek enters from the right at Muir Campground, at RM 204 (RK 328). Soon the Rogue receives Hurryon Creek from the left, Meadow and Lost creeks from the right, and National Creek from the left. Shortly thereafter, NFD 6530 crosses the road and so does the Upper Rogue River Trail, which continues parallel to the river on the right bank. About later, the river leaves Douglas County and enters Jackson County near