2008 Société Générale trading loss the bank's total market capitalization. Bank officials claim that Kerviel tried to conceal the activity by creating losing trades intentionally so as to offset his early gains. According to the BBC, Kerviel generated €1.4 billion in hidden profits by the end of 2007. His employers say they uncovered unauthorized trading traced to Kerviel on January 19, 2008. The bank then closed out these positions over three days of trading beginning January 21, 2008, a period in which the market was experiencing a large drop in equity indices, and losses attributed are estimated at €4.9 billion. The bank claimed Kerviel "had
T in the Park 2008 T in the Park 2008 T in the Park 2008 was the fifteenth T in the Park festival to take place since 1994. It took place on the weekend of Friday 11 July, Saturday 12 July and Sunday 13 July at Balado, in Perth and Kinross, Scotland. The bands headlining the 2008 event were Rage Against the Machine, The Verve and R.E.M. on the Main Stage and The Chemical Brothers, Kaiser Chiefs and The Prodigy on the Radio 1 / NME Stage. It was announced that the campsite would open on 10 July 2008 to avoid a repeat of the