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,O,U,C,H,I,N,G effects to elicit emotional and psychological responses in viewers. T,O,U,C,H,I,N,G T,O,U,C,H,I,N,G is a 12-minute short film directed by Paul Sharits in 1968. It uses many of the strategies characteristic of the structural film movement, including a static frame, flicker effects, flash frames and continual audio and visual repetition. The audio track consists exclusively of the filmmaker uttering the word "destroy" over and over until the word begins to lose its meaning and creates the impression of different combinations of words being spoken. Unlike many clearly algorithmically-driven films of the structural film movement, "T,O,U,C,H,I,N,G" does not simply follow a sequence of