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. G. Lingappa to be a freelance musician. He went on to purchase modern instruments from abraoad, especially London where he bought the electric guitar. Lingappa was well capable of playing the guitar. Music directors G. Ramanathan, S. V. Venkatraman and K. V. Mahadevan had used Lingappa for several of their songs. From then on Lingappa was playing many instruments under all the leading music directors. He worked with singers like T. M. Soundararajan, A. M. Rajah, Seerkazhi Govindarajan, V. N. Sundaram, S. C. Krishnan, M. L. Vasanthakumari, P. Leela, Jikki, T. V. Rathinam, A. P. Komala, Radha Jayalakshmi, Soolamangalam Rajalakshmi, K. Jamuna