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Rogue trader loses French bank $7 billion

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posted on Jan, 24 2008 @ 09:16 AM
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Rogue trader loses French bank $7 billion


www.msnbc.msn.com

PARIS - French bank Societe Generale said Thursday it has uncovered a $7.14 billion fraud — one of history’s biggest — by a single futures trader who orchestrated a series of bogus transactions.
(visit the link for the full news article)




posted on Jan, 24 2008 @ 09:16 AM
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What goes through some people's head, you know?

www.msnbc.msn.com
(visit the link for the full news article)



posted on Jan, 24 2008 @ 09:54 AM
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I smell a patsy.

How could this possibly happen without any oversight?



posted on Jan, 24 2008 @ 10:01 AM
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Yeah.. I am also inclined to believe that they will retire on Bahamas now, having been payed a nice sum of money for saving the Bank's face and trustworthy-ness (to a smaller degree).



posted on Jan, 24 2008 @ 11:58 AM
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this post is already being discussed here

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My posts preceeds this one by 3 hours .. pls contribute




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