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
Chief Ministership of N. T. Rama Rao Chief Ministership of N. T. Rama Rao Nandamuri Taraka Rama Rao (popularly known as NTR) was-Telugu film actor-turned-politician who served as the Chief Minister of Andhra Pradesh for three terms. He was the first non-Congress Chief Minister of Andhra Pradesh, representing the Telugu Desam Party (TDP) founded by him in 1982. His first term lasted 1 years from January 1983 to August 1984. He was ousted in a coup in August 1984, but returned to power a month later, which marked the beginning of his second term. He remained Chief Minister for the next five years, completing his full 5-year