Societe Generale scandal: who is responsible?

[quovadis]

Exactly, in the party there were super profits on one side and super losers on the other. If there are those who lost, those who won had bought financial products that were worthless because "rotten" (who did not know "the trick" in the financial world, that we could not eternally bought house in the eye, by the simple effect of the speculative increase in the value of real estate, eh ... who did not know that in financial / real estate circles ... nobody? or everyone?) therefore, these rotten assets that they sold as superoportunities ... meant => superprofit in the key .... so where is the money(?): to reduce the inflation of the bifton board? placed in industry, mining resources, to pay off the debts of the war ... we would have to go and see here for software, they have "sizes", they must know things:
http://nanojv.wordpress.com/category/se ... -securite/

[pb2488]

System that has been saved with public money which is now lacking in the various governments and which all declare themselves in "austerity" ...

The current austerity has nothing to do with the bank support plan ...

"The banks have indeed paid an interest rate of 8% on the amounts loaned, which allowed the State to pocket capital gains when it was repaid at the end of 2009."
http://www.francesoir.fr/economie/largent-donne-aux-banques-rapporte-gros-letat.24250

[quovadis]

The current austerity has nothing to do with the bank support plan ...

still a real light

[Leo Maximus]

where's the money?
Who goes there? (He's going ...)
what do they do next, with these super profits from the stock market casino?
do the people benefit too?

It is true that, in the stock market money does not disappear ... it is exchanged ....

In the case of the Kerviel affair, the profits went to the BNP headed by the godfather of the French economy: Michel Pébereau, the most influential boss in France.

For decades, BNP has sought to weaken Société Générale in order to buy it back at a low price. It missed. It has also been a long time that we tried to blow up Daniel Bouton, CEO of SG. He's a workman's son, a self-made man who started from nothing, an anomaly. It succeeded.

During the Kerviel trial, Daniel Bouton asked Kerviel if he had acted alone. Daniel Bouton obviously did not hope to get an answer, he simply hoped to make the public understand that he suspects Kerviel of having acted on behalf of someone else.

There are a lot of gray areas in the Kerviel affair, it's not clear at all. Kerviel's curriculum begins at SG, where he does his classes, then he goes through ... BNP where his brother Olivier Kerviel is rampant then it's back to SG . I wouldn't be surprised at all if we learn one day that Kerviel was a BNP mole, the story would then be consistent.

[Leo Maximus]

During his trial, former Société Générale trader Samarth Agrawal admitted having stolen a Société Générale secret code on behalf of his new employer.

http://www.20minutes.fr/ledirect/624557 ... ode-secret

http://fr.reuters.com/article/frEuroRpt ... CD20101118

[bernardd]

I think that by "secret code", we must understand "source code", ie the definition of software.

But you are wasting a lot of time and energy on theater, when to solve the problem, you have to act at the source.

And the source is the ability to have as much money as a bank wants, by creating it.

Then, any imbalance is only a logical consequence.

The real problem is monetary creation through credit, a creation reserved for private banks.

Everything else is just theater.

[Leo Maximus]

I think that by "secret code", we must understand "source code", ie the definition of software.

We speak of "paper outputs", I can hardly see a hard copy of the source code of a SogGen software with twenty or thirty thousand pages, but why not?

[bernardd]

They speak of "algorithmic code", it is the source code. A login / password would not make sense in the context.

And to work at this pace and with its importance, it is better that the code is short :-)

in passing, we see the work of journalists who copy the text message.

[Leo Maximus]

There are some details on computerworlduk.com:

http://www.computerworlduk.com/news/it- ... ode-theft/

[bernardd]

Thank you, I confirm that this is the source "code" of the software in question.

He made screenshots and there were a few hundred pages, which seems reasonable.

And they explain a motivation to make modular code: divide to keep ... the reign :-)

By the way, the logical and normal precautions which are explained here, are in complete contradiction with the freedom from which Jérome Kerviel seemed to benefit: the 2 situations do not seem coherent.