Societe Generale and the Fed Rate Cut

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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.

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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 http://themoneykings.com/blog/profit_from_socgen_hype_with_etrade_global

    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.

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