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
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