Tuesday, January 29, 2008

Kerviel's Story

"It is impossible to generate such [huge] profits with small positions. Which leads me to say that when I was in the black, my superiors closed their eyes." Libé summary here, Le Monde here, full testimony here.

3 comments:

Quico said...

On its face, it's INCREDIBLY damning testimony...particularly his contention that his methods weren't at all sophisticated. SocGen's claim that he was some kind of Computer Genius appear pretty threadbare if this testimony holds up...

Anonymous said...

The Mediapart link is hardly the complete version. Both Le Monde and Mediapart claim to have seen the original PV of the interrogation. In my view we need to see the original text. There may well be much more.

Anonymous said...

^^ nice blog!! ^@^

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