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1/27/2008 说件不关我的事情ROGUE TRADER COSTS SOCGEN €5BN
Société Générale, a pillar of French finance and one Europe's most profitable banks, yesterday revealed it had fallen victim to a rogue trader in the biggest fraud in banking history, forcing it to launch an emergency €5.5bn ($8bn) cash call. The simple yet sophisticated fraud was being blamed on a Paris-based 31-year-old trader, Jér?me Kerviel. His whereabouts yesterday were unknown. In effect, Mr Kerviel bet billions of euros on future movements in European stock markets and created fictitious hedging positions to cover his tracks in a fraud that has cost the bank €4.9bn. SocGen quickly unwound the equity derivative positions he had amassed, estimated to have totalled between €50bn and €70bn. Details of their trades on Monday prompted speculation that reaction to SocGen's firesale contributed to the heavy stock market falls on Monday which provoked the US Federal Reserve's dramatic interest rate cut on Tuesday. The Fed was not told of the SocGen problem until Wednesday, when it was informed by the Banque de France and the French regulator, the AMF. But SocGen denied that its covering operations precipitated the market fall because it kept them to about 10 per cent of trading volumes. Analysts also pointed out that markets were falling – not least because of fears over US bond insurers – before it could have begun selling. The fraud also overshadowed SocGen's announcement yesterday of a €2bn hit from the US mortgage crisis, several times higher than the impact it estimated only a few weeks ago. Both Daniel Bouton, the executive chairman, and Jean-Pierre Mustier, head of the investment bank, tendered their resignation but had their offer rejected by the board. Although it discovered the problem at the weekend, SocGen waited until it could unwind the trades before revealing their extent. The scandal has shocked the French establishment which quickly closed ranks to support the bank. 周六的时候下了雪，毛茸茸的。我想如果我不出去的话，可能看不到也不会注意到，下午打牌还是这么烂，有时候觉得我打牌时间很让人痛苦的事情。
1/15/2008 点名规则：被点到名字的要复制上一位点名者的问题, 然后随机再点出十个人, 回答所列问题. 每一个问题都要答。最后提一个自己的问题。完成游戏的人將会永远得到大家的祝福。 =1. brandy
2)你们的关系是：同学＋朋友+同学 ★[5號和1號是好朋友嗎?] 不认识 ★ [7號喜歡2號嗎?] 2个女的，谢谢 ★[8號跟9號呢?] 同上 ★[你怎樣認識2號的] 一个晚上，我放弃了观看小兵张嘎，经3号介绍的。 ★ [10號有沒有寵物?] 不知，可能会养一些昆虫 ★ jiajia的问题：[给1到10号每个人说句话] ★ to 9： 我突然很想说：摆脱快嫁了吧 ★ Kimbo的问题：最让你relex的一个事情。 |
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