Types Of Bankruptcy

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Steps To Selling Your Home   Comprehensive guide to the home-selling process Whether you need to downsize or upsize, the neighbors are creepy, the wallpaper is grating on your last nerve or you "just can't


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Dealing With a Vacant Home  A vacant home that won't sell can drag down the price of nearby homes on the market -- or even become a danger to the neighborhood. Terri offers a few

January 27th, 2008

French Bank Says Trader Hacked Computers

“He didn’t steal anything, take anything, he didn’t take any profit for himself”

Societe Generale said Sunday that a trader who evaded all its controls to bet $73.5 billion more than the French bank’s market worth on European markets hacked computers and ‘combined several fraudulent methods’ to cover his tracks, causing billions in losses.

The bank says the trader, Jerome Kerviel, did not appear to have profited personally from the transactions and seemingly worked alone a version reiterated Sunday by Jean-Pierre Mustier, chief executive of the bank’s corporate and investment banking arm. More Technorati Tags via Yahoo:
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