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
Rale Rasic taught the players how to sing the national anthem." He was a television presenter on SBS, during the Australian network's 2006 FIFA World Cup coverage. His biography, "The Rale Rasic Story," was published in 2006 by New Holland. Rasic was inducted into the Sport Australia Hall of Fame in 1989. In 2001, he was awarded the Australian Sports Medal and the Centenary Medal for "services to soccer" and in 2004 the Medal of the Order of Australia for "service to soccer as a player, coach and administrator." Rale Rasic Zvonimir "Rale" Rasic OAM (/Zvonimir Rale Rašić; born 26 December 1935)