Word: scandalized
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...level futures trader. One week later, Kerviel - the rogue trader who has lost Société Générale $7.1 billion) - now has 347,000 hits on Google, 14 groups dedicated to him on Facebook, and a Wikipedia biography - and the mounting political scandal over how he pulled off the biggest scam in banking history is only just beginning...
...Still reeling from the scandal, bank executives spent the weekend scrambling to explain themselves to reporters and bracing themselves for what they are likely to face during the coming days: A bruising reckoning with top government officials. Bank of France governor Christian Noyer has been summoned to appear at a Wednesday crisis hearing in the Senate. And officials for President Nicolas Sarkozy were quoted in French and British newspapers saying that the French leader was enraged that Société Générale executives had waited at least three days before telling him that they'd uncovered...
...Nick Leeson, a young rogue British trader in Singapore. Leeson bankrupted the 230-year-old Barings Bank in 1995, after losing $1.38 billion in fictitious trades on Asian futures markets, single-handedly wiping out Barings' cash reserves. Leeson was jailed for more than three years in Singapore, and the scandal became almost synonymous with the power of a lone employee to unravel a large company. At the time, officials at various banks said they were tightening internal security measures in order to avert a similar disaster...
...Even more astoundingly, New York City ended 2007 with 496 murders, the lowest number since 1963 [when statistics were first collected] - spurring New York magazine to ask the provocative question, "What would it take [for the murder rate] to go all the way to zero?" Chicago, bruised by enough scandal to unseat its superintendent of police, still managed to record just 443, the fewest since 1965 and the fourth straight year of logging under 500 murders...
...issues. Knowing this, FM rounded up a list of the things that really matter about the 2008 presidential gang. Democrats Hillary Clinton (Senator from New York) PRO: If she’ll cry for the primary, we’re excited for the main election. CON: Reverse Monica Lewinsky scandal? Unfortunately, we don’t think that will happen. Barack Obama (Senator from Illinois) PRO: Chi-town tested, Oprah Approved. CON: We’re just not sure there’s a point to having a president you can’t make fun of easily. John Edwards...