Société Générale was at the centre of a financial scandal in 2009. The bank denied those accusations. January 2008: Trading loss incident (Kerviel Fraud) On January 24, 2008, the bank announced that a single futures trader at the bank had fraudulently lost the bank €4.9 billion (an equivalent of US$7.2 billion), the largest such loss in history. The company did not name the trader, but other sources identified him as Jérôme Kerviel, a relatively junior futures trader who allegedly orchestrated a series of bogus transactions that spiraled out of control amid turbulent markets in 2007 and early 2008. Partly due to the
T,O,U,C,H,I,N,G effects to elicit emotional and psychological responses in viewers. T,O,U,C,H,I,N,G T,O,U,C,H,I,N,G is a 12-minute short film directed by Paul Sharits in 1968. It uses many of the strategies characteristic of the structural film movement, including a static frame, flicker effects, flash frames and continual audio and visual repetition. The audio track consists exclusively of the filmmaker uttering the word "destroy" over and over until the word begins to lose its meaning and creates the impression of different combinations of words being spoken. Unlike many clearly algorithmically-driven films of the structural film movement, "T,O,U,C,H,I,N,G" does not simply follow a sequence of