Comments on: Another Trader Loses Lots of Money – $7 Billion to be Exact! http://allfinancialmatters.com/2008/01/24/another-trader-loses-lots-of-money-7-billion-to-be-exact/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Fri, 25 May 2012 02:50:51 +0000 hourly 1 http://wordpress.org/?v= By: minimum wage http://allfinancialmatters.com/2008/01/24/another-trader-loses-lots-of-money-7-billion-to-be-exact/comment-page-1/#comment-220483 minimum wage Mon, 28 Jan 2008 09:18:01 +0000 http://allfinancialmatters.com/2008/01/24/another-trader-loses-lots-of-money-7-billion-to-be-exact/#comment-220483 I'd be amazed if the loss were $7 billion to be exactl especially since it was in euros. I’d be amazed if the loss were $7 billion to be exactl especially since it was in euros.

]]> By: Kristin http://allfinancialmatters.com/2008/01/24/another-trader-loses-lots-of-money-7-billion-to-be-exact/comment-page-1/#comment-220125 Kristin Sun, 27 Jan 2008 17:46:04 +0000 http://allfinancialmatters.com/2008/01/24/another-trader-loses-lots-of-money-7-billion-to-be-exact/#comment-220125 His supervisors were also dismissed. Based on his salary of less than $150k he was a junior trader. The interesting part is that it is reported that he did not profit from these trades. To get to the bottom of this, someone needs to follow the money.... His supervisors were also dismissed. Based on his salary of less than $150k he was a junior trader.

The interesting part is that it is reported that he did not profit from these trades. To get to the bottom of this, someone needs to follow the money….

]]> By: Ryan S. http://allfinancialmatters.com/2008/01/24/another-trader-loses-lots-of-money-7-billion-to-be-exact/comment-page-1/#comment-219771 Ryan S. Sun, 27 Jan 2008 06:55:35 +0000 http://allfinancialmatters.com/2008/01/24/another-trader-loses-lots-of-money-7-billion-to-be-exact/#comment-219771 $7 billion is a wild amount to lose, but yes, where was the oversight? Everyone is supposed to have a supervisor somewhere... where was this one? - Ryan http://uncommon-cents.net/ $7 billion is a wild amount to lose, but yes, where was the oversight? Everyone is supposed to have a supervisor somewhere… where was this one?
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Ryan
http://uncommon-cents.net/

]]> By: » Completely Redesigned High-Yield Interest Rate Page on Consumerism Commentary: A Personal Finance Blog http://allfinancialmatters.com/2008/01/24/another-trader-loses-lots-of-money-7-billion-to-be-exact/comment-page-1/#comment-219295 » Completely Redesigned High-Yield Interest Rate Page on Consumerism Commentary: A Personal Finance Blog Sat, 26 Jan 2008 16:57:06 +0000 http://allfinancialmatters.com/2008/01/24/another-trader-loses-lots-of-money-7-billion-to-be-exact/#comment-219295 [...] AllFinancialMatters comments on the recent news involving a European trader reportedly single-handedly losing $7 billion for the French bank, Societé Générale. The banker had some inside knowledge of risk procedures and was therefore able to circumvent them. Perhaps SocGen should take the loss out of the banker’s salary. [...] [...] AllFinancialMatters comments on the recent news involving a European trader reportedly single-handedly losing $7 billion for the French bank, Societé Générale. The banker had some inside knowledge of risk procedures and was therefore able to circumvent them. Perhaps SocGen should take the loss out of the banker’s salary. [...]

]]> By: Lisa Spinelli http://allfinancialmatters.com/2008/01/24/another-trader-loses-lots-of-money-7-billion-to-be-exact/comment-page-1/#comment-218464 Lisa Spinelli Fri, 25 Jan 2008 15:44:48 +0000 http://allfinancialmatters.com/2008/01/24/another-trader-loses-lots-of-money-7-billion-to-be-exact/#comment-218464 In a few weeks the entire details of how he did it will be posted on somebody's website- maybe mine... just joshing ya. :-) Lisa In a few weeks the entire details of how he did it will be posted on somebody’s website- maybe mine…

just joshing ya. :-)

Lisa

]]> By: Lily http://allfinancialmatters.com/2008/01/24/another-trader-loses-lots-of-money-7-billion-to-be-exact/comment-page-1/#comment-218418 Lily Fri, 25 Jan 2008 13:03:27 +0000 http://allfinancialmatters.com/2008/01/24/another-trader-loses-lots-of-money-7-billion-to-be-exact/#comment-218418 It actually doesn't happen that often. But, yes, this guy had specialized knowledge of how to circumvent oversight. It actually doesn’t happen that often. But, yes, this guy had specialized knowledge of how to circumvent oversight.

]]> By: James Carig http://allfinancialmatters.com/2008/01/24/another-trader-loses-lots-of-money-7-billion-to-be-exact/comment-page-1/#comment-218319 James Carig Fri, 25 Jan 2008 08:11:50 +0000 http://allfinancialmatters.com/2008/01/24/another-trader-loses-lots-of-money-7-billion-to-be-exact/#comment-218319 Accidents are quite frequent in life and on numerous occasions they lead to some sort of distortion in some body parts. In the past, such incidences had no treatment at all and the person had to live with that scar forever. The scenario has changed a lot and with the advancement in the medical science these abnormalities in shapes of certain body parts are treated artistically. Cosmetic surgery has come to the rescue of those for whom beauty has been enticing. From ancient times, women had fantasized of looking beautiful and so is their wish in the modern era.To find about cosmetic surgery loans, bad credit cosmetic surgery loans, easy cosmetic surgery loans visit <a href="http://www.easycosmeticsurgeryloans.co.uk/" rel="nofollow"> http://www.easycosmeticsurgeryloans.co.uk </a> Accidents are quite frequent in life and on numerous occasions they lead to some sort of distortion in some body parts. In the past, such incidences had no treatment at all and the person had to live with that scar forever. The scenario has changed a lot and with the advancement in the medical science these abnormalities in shapes of certain body parts are treated artistically. Cosmetic surgery has come to the rescue of those for whom beauty has been enticing. From ancient times, women had fantasized of looking beautiful and so is their wish in the modern era.To find about cosmetic surgery loans, bad credit cosmetic surgery loans, easy cosmetic surgery loans visit http://www.easycosmeticsurgeryloans.co.uk

]]> By: Early Retirement Extreme http://allfinancialmatters.com/2008/01/24/another-trader-loses-lots-of-money-7-billion-to-be-exact/comment-page-1/#comment-218266 Early Retirement Extreme Fri, 25 Jan 2008 05:33:27 +0000 http://allfinancialmatters.com/2008/01/24/another-trader-loses-lots-of-money-7-billion-to-be-exact/#comment-218266 As far as I was told, this guy knew how to turn off the risk management alarms/restrictions/software. As far as I was told, this guy knew how to turn off the risk management alarms/restrictions/software.

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