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 in the Park 2008 neutral, promoted public transport and had excellent policies to protect the local environment and waterways. The 2008 line-up was as follows: The Relentless Stage, new to the 2008 version of the festival, was named after and sponsored by Relentless energy drink. 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