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Not Our Fault! says Soc-Gen

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January 28, 2008 – Comments (1)

After all, unwinding those trades, we were only 8% of the futures market. That's not enough to cause a crash! You believe that?

But in its explanatory note released on Sunday, the bank defended itself by saying the trades represented no more than 8.1 percent of the volume in futures trading each day on the Eurostoxx, DAX and FTSE.

1 Comments – Post Your Own

#1) On January 28, 2008 at 9:40 AM, abitare (35.12) wrote:

I guess this is just and isolated
event. It will never happen again... No need to worry, this is not one of hundreds of guys playing LTCM.

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