What's your opinion of this event?
Do you think the French trader Jérôme Kerviel is the scapegoat for the
Société Générale in its loss in investment in Eurostoxx 50、DAX and FTSE 100?

Should the Société Générale *itself*, with its lack of regulations, be accountable for this 4.9 billion euros event?

P.S. In fact, this is an open discussion. What do you think of this?It's just a piece of news I saw in the newspaper, concerning the accusation against Jérôme Kerviel, an event which I think is worthy discussing.

Question

What's your opinion of this event?
Do you think the French trader Jérôme Kerviel is the scapegoat for the 
Société Générale in its loss in investment in Eurostoxx 50、DAX and FTSE 100?

Should the Société Générale *itself*, with its lack of regulations, be accountable for this 4.9 billion euros event?

P.S. In fact, this is an open discussion. What do you think of this?It's just a piece of news I saw in the newspaper, concerning the accusation against Jérôme Kerviel, an event which I think is worthy discussing.

Answer

I would say that the trader must bear part of the responsibilities; however, it would be quite inconceivable that only he himself did all the trading loss.  There must have been some loopholes in the banking system as well.

Ciao, and good day.

Answer

It sounds like your homework to me.....