Thread: French trader loses $7.1bn through fraudulent trading; may have caused $150bn market downturn

Originally Posted by bluefinger

I laughed when I saw this on the TV... and I will continue to laugh here:

HAHAHAHAHAHAHA!!!

A bank loses that much money because of one person? I'm not to sure on what to think about that little detail, but either way, Societe Generale is screwed, pure and simple.

Perhaps this 'one man' is actually an employee of a rival company who now plans to undertake a hostile take over.