| Judges charge France's 'rogue trader'
It's completely stupid," Bouton told Europe-1 radio. He called Kerviel a "remarkable concealer" who had managed to outwit the bank's risk control systems by toggling between real and fictitious positions. "That's what created this gigantic fraud," he said. Meyer said her client's trades had been profitable throughout the end of last year. "In my view, he was thrown to the lions before being able to explain himself," said Meyer. "It's a lynching." The prosecutor, however, said the trader only "virtually" made a profit for the bank before his deals soured. Societe Generale alleges that Kerviel used other people's computer access codes, falsified documents and used other methods to cover his tracks - helped by his previous experience in other offices at the bank that monitor traders.
Archive for January, 2008
I got a call this morning from a woman who told me there was a side of the hunter access story that wasn't being told. So here it is: She explained that she was a landowner in Hunting District 575 (a district roughly bordered by Laurel, Columbus, Roscoe, Red Lodge and Belfry then back north to Laurel). She said that she leased her place to an outfitter in order to get some kind of return for the game on her property. If she puts livestock on her place, she gets a monetary return. So why shouldn't big game be the same. The woman went on that if Montana Fish, Wildlife and Parks didn't want to pay for the big game that was eating her pasture, they were free to come and remove the big game and then, at FWP expense, erect a large fence to keep the big game out. The woman was right in that this aspect of the hunter access story hadn't yet been told.
SFGate: World Views
And here comes Blair now, making a confident pitch to become the first-ever president of the European Union. It's a new, potentially high-profile, influential position - and he wants it. In fact, the recent convert to Roman Catholicism seems to covet it. The position of president of the E.U. was "outlined in [a] treaty signed by the [organization's] 27 member states at the end of last year." It will "replace the current system, whereby each country assumes the rotating presidency [of the E.U.] for six months. The job, a two-and-a-half-year term, will be up for grabs in 2009 if the bloc's 27 member states can keep to their timetable and individually ratify the treaty over the next year." Meanwhile, Blair appears to be the first well-known politician who has begun to publicly position himself for consideration for the job.
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