The Understatement Of The Decade

SocGen's alleged rogue trader, Jerome Kerviel, is on trial in Paris, charged with a variety of offences linked to his trading losses.

Salim Nemouchi, one of Kerviel's fellow former traders, took the stand last week. And how did Nemouchi feel about his former colleague's alleged unauthorized trading activity ?

'Rather disappointed', he said, that Kerviel 'put the bank and its collaborators in gain a little money for the bank'.

Kerviel is said to have been taking unauthorized punts of up to $60bn and, in the end, knocked up a $5.9bn trading loss - the second-largest individual trading loss in history! And this guy is 'rather disappointed'!.

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