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
In the Name of the Law (1922 film) the entire bank and then walks around to the back of the bank. In the heat of the moment. he believes he finds another one of the robbers and a shot is fired. Then to his absolute horror, he realizes he has just wounded his son Johnnie. The story switches to the trial of Johnnie O'Hara for robbery and murder. Even though the case is based on circumstantial evidence, Johnnie is still on the verge of being convicted on all counts. All of the sudden a new lawyer for the defense appears - none other than Johnnie's brother Harry who