Friday, January 25, 2008

High Stakes Slots

Bill Bennett is probably jealous.

Seeking to reassure investors and the public, Bank of France governor Christian Noyer insisted that Societe Generale "is stronger today" after it had "cleaned" up its accounts.

But a top French presidential advisor revealed that Kerviel had positions of more than 50 billion euros (73 billion dollars) -- more than the bank's current market capitalisation of 35.9 billion euros.