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
Sébastien Rale French would bring them "utter ruin and destruction", and the Colonists continued to settle on the Kennebec River. Governor-general of New France Vaudreuil wrote in 1720: "Father Rale continues to incite Indians of the mission at [Norridgewock] not to allow the English to spread over their lands." Indians began to kill cattle, burn haystacks, and otherwise harass Colonial settlers on the Kennebec. Chief Taxous died, and his successor was Wissememet who advocated peace with the Colonists, offering beaver skins as reparation for past damages, and four hostages to guarantee none in the future. Rale, however, continued to stir up individuals