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
History of the Jews in France resulted in another conviction and a 10-year sentence but Dreyfus was given a pardon and set free. Eventually all the accusations against Alfred Dreyfus were demonstrated to be baseless. In 1906 Dreyfus was exonerated and reinstated as a major in the French Army. The Affair from 1894 to 1906 divided France deeply and lastingly into two opposing camps: the pro-Army, mostly Catholic "anti-Dreyfusards" who generally lost the initiative to the anticlerical, pro-republican Dreyfusards. It embittered French politics and allowed the radicals to come to power. The relatively small Jewish community was based in Paris, and very well established in the