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
Sébastien Rale because he suspected Rale of not showing enough enthusiasm about fanning the flames of war. Governor Dudley put a price on Rale's head. In the winter of 1705, 275 British soldiers were dispatched under the command of Colonel Winthrop Hilton to seize Rale. The priest was warned in time, however, and escaped into the woods with his papers, but the militia burned the village and church. Rale wrote to his nephew: Rale also succeeded in attaching the tribe to the New France side of the war. The French induced in the Indians a deep distrust of English intentions—and they accomplished