Tag Archives: societe generale

Existential Crisis at SocGen on Rumors of More Massive Derivatives Losses

Stacy Summary: ** UPDATE **The ECB has only 77 billion euros in reserve and . . . Rumors of more derivatives losses at Societe Generale drag shares down up to 6%. The continuing and controlled demolition of every last penny of savings, whether in your pension account or your savings account, continues. These ‘losses’ will not stop until, as was discussed in the latest Keiser Report interview with Edward Harrison, the people say they have had enough of paying 100 cents on the dollar on these fraudulent derivatives.

From MaxKeiser.com Images
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Governments have shot their fiscal bolts, prepare for ‘global collapse’

Stacy Summary:  Soc Gen looks a little late to the game with this warning.

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