'Rogue Trader' Loses over $7B for French Bank

We’re wearing our ‘doubting faces’ here. Clearly, this guy’s a lousy trader, but he must be a genius at covering his tracks, right? Right. So, if this is a ‘cover story’, where did the 7B dollars go, huh? As a side note, we observe that Hamas suddenly has an infusion of cash. No connection, we’re sure. — PID

January 25, 2008 (AFP) — French bank Societe Generale came under fierce scrutiny Friday over how a lone trader could build up billions of dollars of losses as the government tried to reassure investors there would be no fallout. Full Report