Societe Generale Responsible For Global Stock Crash
Read the full article: http://www.money-rx.com/blog/2008/01/socit-gnrales-selloff-t...
Société Générale rushed to unwind those trades during Monday’s market plunge, and trading in those futures contracts soared to record levels. The bank’s abrupt reversal contributed to a decline that snowballed into an avalanche of sell orders around the world...
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