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
The Teacher Who Was Not To Be of Music. In his letter Thommessen chastised Paus for his tonal music. A long monologue on why Paus has misunderstood everything about music ends with the words "I do not want any more verbal contact with you." At the time the opera monologue premiered, the "Teacher" in the monologue remained anonymous. The monologue played an important role in an extensive debate on musical aesthetics in the music journal "Ballade" in 2015, during which the formerly anonymous "Teacher" was revealed by Paus to be Olav Anton Thommessen. The Teacher Who Was Not To Be The Teacher Who Was Not To Be