Rogue Trader at Societe Generale

Jerome Kerviel, the French trade from Societe Generale, is now on top of the rogue traders list. We see many other familiar faces on that list: Mr. Copper, The Orange County Treasurer and Mr Kerviel's predecessor, Nick Leeson.

Another interesting point is the potential "butterfly effect" of Jerome's action: The unwinding of his lossing trades became a major force behind the sharp market decline around the globe on Monday, which then pushed the Fed to cut rates by another 75bp and eventually led to one of the most volatile week in the history of wall street...