Thursday, 10 June 2010



Certain bankers seem to know in advance when terrorist attacks are going to take place, and they make a lot of money?

'Rogue trader' Jerome Kerviel worked for the French bank Societe Generale.

(SocGen rogue trader Jerome Kerviel 'hit the jackpot' on 7/7 ... / 'Rogue trader' Jerome Kerviel.)

According to Kerviel, "The best trading day in the history of Société Générale was September 11, 2001.

"At least, that’s what one of my managers told me.

"It seems that profits were colossal that day.

"I had a similar experience during the London attacks in July 2005."

On 7 July 2005, 52 people were killed by a series of bus and tube train attacks in London.

A few days before 7 July 2005, Kerviel bet on a fall in the share price of Allianz, the German insurance giant.

"Thanks to the positions I had, I earned €500,000 in a few minutes. It was the jackpot. I was jubilant," says Kerviel.

So, Kerviel made 500,000 euros as a result of London's 7/7 attacks.

Kerviel eventually lost £4 billion while working as a trader with Societe Generale, and now he is on trial.

Kerviel, 32, claims that his colleagues and bosses had been aware of his actions.

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