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Old 24 Jan 2008, 01:56 PM   #1
YankBastard
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Default Frenchie trader loses $7 billion

Capitalism and France don't mix.

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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 whose scheme of fictitious transactions was discovered as stock markets began to stumble in recent days.
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Old 28 Jan 2008, 10:38 AM   #2
HomeatHighbury
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Default Re: Frenchie trader loses $7 billion

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Originally Posted by YankBastard View Post
Capitalism and France don't mix.
That's a load of cash. But you're name seems to fit you doesn't it
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Old 28 Jan 2008, 10:45 AM   #3
YankBastard
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That's a load of cash. But you're name seems to fit you doesn't it
Yes it does.
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Old 28 Jan 2008, 03:59 PM   #4
Pierre-Henri
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Default Re: Frenchie trader loses $7 billion

I can't imagine this guy, at age 31, was toying with a 50 billions € portfolio. That's nearly the budget of all K-12 public education, in all the country.

This guy had under his responsability enough cash to run the ministery of education during a full year ! And he was nothing but an ordinary, run-on-the-mill trader !

Is it me, or all of this is just going crazy ?

And, more important, what don't they give me an insignificant part of it ? Let's say 2 billions ?
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Old 29 Jan 2008, 06:05 AM   #5
guignol
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Default Re: Frenchie trader loses $7 billion

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Originally Posted by YankBastard View Post
Capitalism and France don't mix.
capitalism being what it is today i would say that this story demonstrates the exact opposite... and that is the entire problem.
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Old 29 Jan 2008, 10:05 AM   #6
YankBastard
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capitalism being what it is today i would say that this story demonstrates the exact opposite... and that is the entire problem.
Hey is there a site for all the guignol episodes?
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Old 29 Jan 2008, 10:21 AM   #7
guignol
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Default Re: Frenchie trader loses $7 billion

i imagine you could look on amazon, and there's probably a pretty good selection on dailymotion or youtube... but actually there's no relation between my nickname and LGDI, which is inspired by grand guignol, not the petit.
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Old 29 Jan 2008, 10:54 AM   #8
YankBastard
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i imagine you could look on amazon, and there's probably a pretty good selection on dailymotion or youtube... but actually there's no relation between my nickname and LGDI, which is inspired by grand guignol, not the petit.
Who is the grand guignol?
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Old 29 Jan 2008, 11:14 AM   #9
guignol
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YB, are you really interested or are you just trying to crack wise?

in any case, looking for your answer made me a little wiser, because i used to think "grand guignol" denoted a style of satirical (and a bit racy) theater with live actors; it seems that the emphasis was very much on violence and the fantastic and it was the forerunner of horror movies...

so les guignols de l'info are really more in the tradition of mourget's puppets than otherwise.
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Old 29 Jan 2008, 11:32 AM   #10
YankBastard
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Originally Posted by guignol View Post
YB, are you really interested or are you just trying to crack wise?

in any case, looking for your answer made me a little wiser, because i used to think "grand guignol" denoted a style of satirical (and a bit racy) theater with live actors; it seems that the emphasis was very much on violence and the fantastic and it was the forerunner of horror movies...

so les guignols de l'info are really more in the tradition of mourget's puppets than otherwise.
I'm not trying to crack wise. How on earth did YB ever give that impression.
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