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Trader Turns Societe Generale Report Into a Nightmare (Update1)

Appeared on January 25, 2008

``I find it really improbable that this trader was not abetted by at the very least incompetence, if not assistance from others,'' said Joseph Mason, a risk-management researcher and professor of finance at Drexel University in Philadelphia. ``Ultimately, we're talking about a breakdown of fundamental operational controls.''

syndicated in Financial Week