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
T. N. Seema Indian Languages, Mysore and Hague, Netherlands respectively. She has done many research programmes on subjects including anganwadi centres, decentralised planning, gender study manual, N.R.E.G.A. and Self Help Groups (S.H.G.) She was a teacher of Malayalam language and literature in Government Colleges from 1991 to 2008. She married G. Jayaraj on 23 December 1986. She has one daughter. T N Seema is also the Kerala State President and National Vice President AIDWA, and the State Committee Member of CPI(M) in Kerala. Seema was elected to Rajya Sabha in April 2010. As an upper house member, she was in the Standing Committee