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 within the tribe, urging armed resistance. He declared: Rale wrote to Vaudreuil for reinforcements, and 250 Abenaki warriors from near Quebec arrived at Norridgewock, reliably hostile to the Colonists. On July 28, 1721, over 250 Indians landed at Georgetown in war paint and flying French colors from a flotilla of 90 canoes. With them were Rale and Superior of the Missions Pierre de la Chasse. They delivered a letter which demanded that the Colonial settlers leave or Rale and his Indians would kill them and burn their houses, together with their livestock. A reply was expected within two months. The