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 view and does not refute the specifics of Rale's life and incendiary actions. Sébastien Rale Sébastien Rale (also Racle, Râle, Rasle, Rasles and Sebastian Rale (January 20, 1657 – August 23, 1724)) was a Jesuit missionary and lexicographer who worked among the eastern Abenaki people. He was stationed on the border of Acadia and New England, and encouraged Indian raids upon the Colonial settlements in Maine. He fought throughout King William's War and Queen Anne's War, and was eventually killed by the Colonists during Father Rale's War. Rale was born in Pontarlier, France and studied in Dijon. In 1675, he