Reports on the continuing sage into massive financial losses incurred at Societe Generale took a surprise turn this week.According to legal arguments filed over alleged rogue trader Jerome Kerviel, the hedges he had placed for SocGen were actually in profit to the tune of over 1.5 billion euros (£1.1 billion).Additionally, the massive loss of nearly [...]

More: Rogue trader made profit; SocGen caused losses

Agreed... Very interesting post. Did they have any other choice though?