Workaholique

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Workaholique

Post by ohio county on Fri Jan 25, 2008 1:09 pm

It turns out the French bond trader who lost $7 billion dollars was pushed over the edge.

http://www.thedailymash.co.uk/news/business/french-trader-was-forced-to-work-30-hours-a-week-20080125680/
I'm the Dude. So that's what you call me. You know, that or, uh, His Dudeness, or uh, Duder, or El Duderino if you're not into the whole brevity thing. - The Dude

ohio county
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Re: Workaholique

Post by SamCogar on Sat Jan 26, 2008 3:02 am

That was cute, Ohio.

And a good one "to copy" for describing some of our public employees.

Might find potential candidates .............

Sixteen days into the 60-day legislative session and everything seems slower compared to recent sessions, but the state Senate president said Friday that's only perception.

"It's a little slow," Senate President Earl Ray Tomblin, D-Logan, said following Friday's Upper Chamber floor session.

"There's work going on, but we don't have those highly publicized bills."

http://www.wvgazette.com/News/200801250637

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Re: Workaholique

Post by SamCogar on Sun Jan 27, 2008 5:10 am

And landed in jail I see.

PARIS — A rogue trader who cost France's Societe Generale bank more than $7 billion by making bad stock market bets was taken into custody on Saturday for questioning, judicial officials said.

Financial police in Paris were to question Jerome Kerviel as part of a probe into Societe Generale's announcement Thursday that the 31-year-old trader had put tens of billions of dollars at risk in one of history's biggest frauds, judicial officials said. They spoke on condition of anonymity because the investigation is ongoing.

Skeptics from Kerviel's neighbors to France's prime minister have questioned whether a single futures trader could have managed such large sums. Adding to the mystery, the bank said Kerviel may not have made any personal gain from his unauthorized trades.

The bank said it discovered the fraud last weekend and unwound the trader's losing bets starting Monday, when world markets tumbled. Some analysts have questioned whether Societe Generale exacerbated the fall and indirectly led to the U.S. Federal Reserve's subsequent decision to cut rates.

Judicial officials also confirmed police searched Kerviel's apartment in the Paris suburb of Neuilly-sur-Seine. They said police also went Friday night to the bank's headquarters, where they were provided with documents relating to the investigation, officials said.

Paris prosecutors are conducting a preliminary …………………..

http://www.foxnews.com/story/0,2933,325828,00.html


See, one (1) person can make a difference. Razz Razz Razz

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SamCogar

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Re: Workaholique

Post by TerryRC on Sun Jan 27, 2008 6:49 am

And a good one "to copy" for describing some of our public employees.

From May to October, I'd be happy to get away with a 50 hour week.

The state would rather give comp time than hire the people necessary to the job. December off, here I come...
Treason doth never prosper: what's the reason? Why if it prosper, none dare call it treason.

-Sir John Harrington

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