Societe Generale and the Fed Rate Cut


Felix Salmon speculates here and here that Societe Generale’s was the proximate cause of the Fed’s big rate cut. He argues that it was SG unwinding its large fraudulently hedged positions that spooked worldwide financial markets, which led to the rate cut.



One Response to “Societe Generale and the Fed Rate Cut”

  1. Tim Says:

    You can get a little more info about the societe general scandal/issue here at

    Perhaps with the negative press its a good time to pick up a few shares in the company! I cant see how this large of a bank will not rebound.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: