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They also offer j-trader, x-trader, etcetera etcetera

Actually, we don't know what would have happened if the position hadn't been closed in such an incompetent manner by SocGen higher ups. Remember there was a ST bottom right after the idiots sold the position. I still can't say if Kerviel is a moron using a martingale system, or if he has some...

After loss, now SocGen faces large tax bill. SocGen says they 'didn't notice' Kerviel had produced 1.4 billion euros in profit that's why they didn't pay tax. :D :D :D :D Tax twist in the trading scandal Société Générale may face a tax hit after it was discovered Jérôme Kerviel...

SocGen management and personnel called 'hypocrites', 'incompetent' and 'stupid'. http://afp.google.com/article/ALeqM5hP8hlZv2dX6ZtT_e5NRVC2d2jaoA Former SocGen inspector tells of trading room anarchy 23 hours ago PARIS (AFP) — Profit-crazed traders, controllers out of their depth and...

I can't find the full transcript, even in french. http://afp.google.com/article/ALeqM5jtHSerMHPwM7eBvLUmzfKmJFsipg French trader refuses to be 'scapegoat' for SocGen losses 2 days ago PARIS (AFP) — The dealer blamed for a seven-billion dollar rogue trader loss at French bank Societe...

The government will protect SocGen http://ukpress.google.com/article/ALeqM5ifBCRtNISw4Mxnwm9rSeqibYNg1A France to defend Societe Generale 1 hour ago The French government will back troubled bank Societe Generale against any attempted takeovers while it remains weakened by the rogue...

http://www.guardian.co.uk/business/2008/jan/29/europeanbanks.banking SocGen in disarray as judges throw out fraud charge against trader · Bank admits it was warned on more than one occasion · Shareholders go to court over alleged insider dealing David Gow and Emilie Boyer King in Paris...

I have the slight suspicion he's just a fall guy. I find very hard to swallow this story about someone going long with nothing to gain from it.

This reminds me of the news story about the french tax employee who had an abnormally small brain and most of his cranial cavity was literally empty. According to the story he led a "normal" life. Right... normal in France you mean?.

Actually the settlement price is not necessarily equal to the last traded price.

Worksheet for the lazies: Index, Settlement Price, 5% limit overnight session (points), Minimum trade Price ES 1325.50 70 1255.50 NQ 1849.50 105 1744.50 ER2 674.50 37 637.50 YM...

It actually went limit down on tuesday morning around 2AM. It must have been those frenchies at SG waking up and start selling again the eminis. If you go to your time and sales, a little after 2AM there are large chunks of data with best ask at 1255.50 and no best bid. That's what a lock limit...

B.S. Bernanke cut rates after fat finger trade? LMAO Dumb french bankers selling eminis on a US holiday with huge size? I cannot believe all the stupidity.

Bernanke and Paulson got it wrong and that's because this is a counterparty risk crisis, not a fiscal or monetary problem. So this mess is not going to be fixed with BS money pumping. They should round up all wall st CEO's and tell them no more monkey business, from now on they should back...

All those insurers and credit derivative sellers should be forced to work under a mark to market and margin system just like option and future traders. Market not liquid? then put up 100% portfolio margin, no leverage, sorry. Not profitable? No bailout either, sorry. Counterparty risk would...

Very good point. Roe v Wade is against both libertarianism and constitutionalism. Libertarians don't have a definite position on abortion. Some are pro-choice. Others are pro-life. Ron Paul is a libertarian who happens to be pro-life. On the other hand, libertarians believe on...

WRONG Ron Paul says that federal legislation on abortion will result in EITHER a) the pro-choice camp imposing its point of view to everybody (the status quo) OR b) the pro-life camp imposing its point of view to everyone. A lose-lose proposition. The LIBERTARIAN solution is to abolish...

congrats +$1.01

POLL to Arabs: What do you hate about America? http://www.businessweek.com/bwdaily/dnflash/apr2002/nf20020415_0109.htm APRIL 15, 2002 WASHINGTON WATCH By Richard S. Dunham It's Not Americans That Arabs Hate A new poll suggests that their positions are more nuanced: It's U.S...

Increasing exports prices will negate any positive effect of dollar devaluation on the trade balance.