The Wall Street Journal has a detailed piece about Jérôme Kerviel. He’s the rouge trader who lost Société Générale $7.2 billion on the markets just a few weeks ago.
How to Lose $7.2 Billion: A Trader’s Tale – WSJ.com
The unwinding of Kerviel’s $75 billion in bad bets may have caused the market downturn that week as well. The New York Times speculates on the broader market damage that may have resulted from these transactions.
Société Générale’s Sales May Have Incited Market Plunge – New York Times
