3 ms·
In France, Societe Generale's rogue trader is being hailed as a hero
- wallflower 19y ago"Let them eat CDO's"
- Leon 19y agoSounds like the French revolution lives on in the hearts of the people. Too bad they don't realize that fraud of this level hurts them directly.
- chmike 19y agoThis claim is completely wrong. I'm living in France and no one around me think he is a hero. We are completely stunned by the irresponsible games banks play with OUR money. This is a kind French Enron scandal. Even worse, some politician have suggested that the state refunds part of the loss !!!! This means that every French citizen would have to pay for it. For what concern the guy, the investigation is going on and it is pointless and even wrong to judge him in any way now. The thing is that people are puzzled that such thing could happen and thus the bank (ir)responsibility attracts more attention then the guy's role in it. But this doesn't mean this guy is considered a hero. This article is most probably written to serve a specific purpose. See what I mean ?