I got a chuckle while reading an Associated Press writeup of rogue trader Jerome Kerviel managing to lose $7+ billion at Societe Generale, or SocGen to those in the biz. This staggering sum is, by far, the largest single loss at the hands of a single trader. When asked to comment on the incident, Sarko had this to say:
Sarkozy said he will announce new proposals at a Tuesday dinner in London with other European leaders on how to boost transparency in the financial sector and encourage the "moral improvement of financial capitalism."The "moral improvement of financial capitalism"?! I am laffing so hard...