Quoted: an. 30 (Bloomberg) -- When a person loses $7.2 billion of other people's money, other people naturally want to know more about him. They badly want to believe that he is in some way unusual. To blow up $7 billion -- to buy more than $75 billion in equities in private -- must require some kind of genius.
But despite some seriously sweaty journalistic effort, all we know about 31-year-old Jerome Kerviel is that he was a mediocre student, a green belt in judo and unsatisfying to his wife.
Jan. 30 (Bloomberg) -- Jerome Kerviel, the Societe Generale SA trader whose unauthorized bets led to the biggest trading loss in history, told prosecutors the bank cast a ``complacent look'' on his practices.
``As long as we were winning and it wasn't too visible, things worked out, no one said anything,''
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