01-24-2008, 10:23 PM
Societe Generale Uncovers Massive Fraud
First and foremost, I'm impressed with that dude. To be able to pull-off something like that.. On his own. If the world stocks didn't drop like it did early this week, he probably would still be at it.
But of course, something like this could make the bank close. That'd be bad for their investors. And that'd be bad in these troubled/unsure times. Imagine what this news would mean to locals who invested their cash in the bank.
First and foremost, I'm impressed with that dude. To be able to pull-off something like that.. On his own. If the world stocks didn't drop like it did early this week, he probably would still be at it.
But of course, something like this could make the bank close. That'd be bad for their investors. And that'd be bad in these troubled/unsure times. Imagine what this news would mean to locals who invested their cash in the bank.
"Numbers are not part of the real world; they're part of something else."
-Prof. Rolly Panopio, UPLB Math Division
-Prof. Rolly Panopio, UPLB Math Division
