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24 Jan 2008, 01:56 PM
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#1
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BigSoccer Member+
Join Date: Jun 2005
Location: Estados Unidos
Supporter: AS Roma, DC United, Wolverhampton Wanderers
Foe: New York Red Bulls, CD Chivas de Guadalajara
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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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28 Jan 2008, 10:38 AM
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#2
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BigSoccer Member+
Join Date: Mar 2006
Location: Alexandria/Bost Coll
Supporter: Arsenal FC, DC United
Foe: Tottenham Hotspur FC
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Re: Frenchie trader loses $7 billion
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Originally Posted by YankBastard
Capitalism and France don't mix. 
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That's a load of cash. But you're name seems to fit you doesn't it
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28 Jan 2008, 10:45 AM
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#3
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BigSoccer Member+
Join Date: Jun 2005
Location: Estados Unidos
Supporter: AS Roma, DC United, Wolverhampton Wanderers
Foe: New York Red Bulls, CD Chivas de Guadalajara
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Re: Frenchie trader loses $7 billion
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Originally Posted by HomeatHighbury
That's a load of cash. But you're name seems to fit you doesn't it 
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Yes it does.
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28 Jan 2008, 03:59 PM
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#4
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BigSoccer Member
Join Date: Jun 2004
Location: Strasbourg, France.
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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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29 Jan 2008, 06:05 AM
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#5
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BigSoccer Moderator
Join Date: Apr 2005
Location: mermoz-les-boss
Supporter: Olympique Lyonnais
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Re: Frenchie trader loses $7 billion
Quote:
Originally Posted by YankBastard
Capitalism and France don't mix.
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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.
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29 Jan 2008, 10:05 AM
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#6
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BigSoccer Member+
Join Date: Jun 2005
Location: Estados Unidos
Supporter: AS Roma, DC United, Wolverhampton Wanderers
Foe: New York Red Bulls, CD Chivas de Guadalajara
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Re: Frenchie trader loses $7 billion
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Originally Posted by guignol
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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Hey is there a site for all the guignol episodes?
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29 Jan 2008, 10:21 AM
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#7
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BigSoccer Moderator
Join Date: Apr 2005
Location: mermoz-les-boss
Supporter: Olympique Lyonnais
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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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29 Jan 2008, 10:54 AM
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#8
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BigSoccer Member+
Join Date: Jun 2005
Location: Estados Unidos
Supporter: AS Roma, DC United, Wolverhampton Wanderers
Foe: New York Red Bulls, CD Chivas de Guadalajara
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Re: Frenchie trader loses $7 billion
Quote:
Originally Posted by guignol
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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Who is the grand guignol?
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29 Jan 2008, 11:14 AM
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#9
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BigSoccer Moderator
Join Date: Apr 2005
Location: mermoz-les-boss
Supporter: Olympique Lyonnais
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Re: Frenchie trader loses $7 billion
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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29 Jan 2008, 11:32 AM
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#10
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BigSoccer Member+
Join Date: Jun 2005
Location: Estados Unidos
Supporter: AS Roma, DC United, Wolverhampton Wanderers
Foe: New York Red Bulls, CD Chivas de Guadalajara
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Re: Frenchie trader loses $7 billion
Quote:
Originally Posted by guignol
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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I'm not trying to crack wise. How on earth did YB ever give that impression.
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