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Rogue trader had been dealing with more than $73.3 billion

Discussion in 'Wall St. News' started by Cdntrader, Jan 26, 2008.

hrokling
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Quote from Capablanca:

So Kerviel was basically even for the most part. His position only turned seriously negative after his position was discovered. Why is it I cannot help but think a squeeze was put on. Sounds to me SocGen's position was exposed and players knew it had to sell. Maybe Kerviel did something questionable or downright illegal but what made his position a loser was his position being made known.
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I've been thinking the same thing since Asia was panicking on Monday.

#11 Jan 26, 2008

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