The reactions from those who knew him have many in France and around the world wondering whether the lone trader should shoulder all the blame. Shareholders and politicians are now questioning controls at Societe Generale and other leading banks to determine if Kerviel could really be fully responsible for so much damage and, perhaps more importantly, if it could happen again.
And yes, it will happen again.
2 comments:
Yes, he should. The WSJ is writing some great pieces about the guy, his brother, his family and his little quaint village where he grew up. The might be able for free on the Internet.
You have an award waiting over at my place.
Really? My golly. I'll check it out. Thank you.
I've seen a couple of articles on the guy, though not, I believe, from WSJ. I was tickled by the idea that some warning signs were ignored. Thats the problem -- warning signs give false positives, and you learn to accept them being blown off. If you react every damn time, you get the 'wolf,wolf' deal.
I would imagine thats changed now... for a while.
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