Société Générale loss, that same day two credit rating agencies reduced the bank's long term debt ratings: from AA to AA- by Fitch; and from Aa1/B to Aa2/B- by Moody's (B and B- indicate the bank's financial strength ratings). Executives said the trader acted alone and that he may not have benefited directly from the fraudulent deals. The bank announced it will be immediately seeking 5.5 billion euros in financing. On the eve and afternoon of January 25, 2008, Police raided the Paris headquarters of Société Générale and Kerviel's apartment in the western suburb of Neuilly, to seize his computer files. French
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