Bund e TBond: trichechi sulla Maginot VM 180 anni

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gooood morning bbbbanda

ahahahahaa
tutto a posto
la crisi è finita


un pò di taglia-incolla (con il mio bias, caution please)


@@Merrill dice tre trimestri in recessione e tassi all'1%
@@That’s 300 points down — and 300 up — all in the same day.
@@“There is not going to be a clear direction to the market anytime soon until you have some view of where the economy or earnings are headed,”
@@As the next several weeks (and months) play out, the Federal Reserve’s prowess in dealing with the economic downturn will be graded more fully. Even with today’s rally, however, confidence in the Fed isn’t exactly high, as the monetary policy committee is now in the unenviable position of responding to financial-market events in a most blatant fashion, rather than leading the market .
 
ohhhh :eek: :eek:

Societe Generale on Thursday said it had suffered a rogue trader-type fraud costing €4.9bn. After further crunch-related provisions of €2bn, the French bank also said it would be raising €5.5bn in additional capital.
Here’s the key extract from Thursday’s statement:
Societe Generale Group (the Group) has uncovered a fraud, exceptional in its size and nature: one trader, responsible for plain vanilla futures hedging on European equity market indices, had taken massive fraudulent directional positions in 2007 and 2008 beyond his limited authority. Aided by his in-depth knowledge of the control procedures resulting from his former employment in the middle-office, he managed to conceal these positions through a scheme of elaborate fictitious transactions.
There is no residual exposure in relation to these positions, which were discovered and investigated on January 19th and 20th, 2008. It was decided to close these positions as quickly as practicable in the best interests of market integrity and the Group’s shareholders. Given the combination of the size of the positions and the very unfavourable market conditions encountered, this fraud has a negative impact of Euro 4.9bn that the Group has decided to recognise in its 2007 pre-tax income.
The trader’s positions have been reviewed and a thorough analysis of all his department’s positions confirmed the isolated and exceptional nature of this fraud. The employee who has confessed to the fraud has been suspended and a dismissal procedure has been initiated. The individuals in charge of his supervision will leave the Group.
Here’s the SocGen “presentation.” Page 11 caught our eye, in particular the line: “The fraud and the trading activities (excluding the one-off loss) have proved their resilience to the current difficult market conditions.”
 
gipa69 ha scritto:
ohhhh :eek: :eek:

Societe Generale on Thursday said it had suffered a rogue trader-type fraud costing €4.9bn. After further crunch-related provisions of €2bn, the French bank also said it would be raising €5.5bn in additional capital.
Here’s the key extract from Thursday’s statement:
Societe Generale Group (the Group) has uncovered a fraud, exceptional in its size and nature: one trader, responsible for plain vanilla futures hedging on European equity market indices, had taken massive fraudulent directional positions in 2007 and 2008 beyond his limited authority. Aided by his in-depth knowledge of the control procedures resulting from his former employment in the middle-office, he managed to conceal these positions through a scheme of elaborate fictitious transactions.
There is no residual exposure in relation to these positions, which were discovered and investigated on January 19th and 20th, 2008. It was decided to close these positions as quickly as practicable in the best interests of market integrity and the Group’s shareholders. Given the combination of the size of the positions and the very unfavourable market conditions encountered, this fraud has a negative impact of Euro 4.9bn that the Group has decided to recognise in its 2007 pre-tax income.
The trader’s positions have been reviewed and a thorough analysis of all his department’s positions confirmed the isolated and exceptional nature of this fraud. The employee who has confessed to the fraud has been suspended and a dismissal procedure has been initiated. The individuals in charge of his supervision will leave the Group.
Here’s the SocGen “presentation.” Page 11 caught our eye, in particular the line: “The fraud and the trading activities (excluding the one-off loss) have proved their resilience to the current difficult market conditions.”

un grande :D

ma secondo me, con questo metodo, stanno facendo un antico giochino
we call it 'windoe dressing'

the play is:
I have a big loss, say, on subprime
that is a systematic loss, an error in asset management
well, it is better to say I have a big loss with a fraud: the loss is exceptional, and while the earning is affected, analysts may think it will not repeat next year

I remember another very big loss for 'a trading error' (? unspecified) some weeks ago, in another bank, for billions.....
where you can loss in 'trading errors' for billions ?
 
A form of Japanese charting that has become popular in the West. A narrow line (shadow) shows the day's price range. A wider body marks the area between the open and the close. If the close is above the open, the body is white (not filled); if the close is below the open, the body is black (filled).
 

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