Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $25,907
31%  
Woo hoo!! And we're now over 31%!! Thank you all very much!! God bless.

Keyword: societe

Brevity: Headers | « Text »
  • Bush's billionaire friend sold £100m of shares just days before scandal broke[Societe Generale]

    02/03/2008 8:29:20 PM PST · by BGHater · 20 replies · 146+ views
    Daily Mail ^ | 03 Feb 2008 | Daily Mail
    A billionaire ally of President George Bush could face a criminal investigation into insider share dealing after selling £100million of shares just days before Societe Generale's rogue-trader losses were reported. Robert Day, a member of the French bank's board, disposed of a million shares on January 9 and 10, plus a further 500,000 on January 18, according to official disclosures to Autorite des Marches Financiers (AMF), France's market regulator. The £3.7billion losses at the bank were not disclosed to the public or investors until January 24, despite reports that Societe Generale bosses were aware of the crisis several days earlier....