U.S. saves France from itself (again, and again, and again)

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  • Thread starter EnumaElish
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In summary, Societe Generale's disclosure of a $7 billion fraud has led to speculation about a possible link between the event and Monday's European stock market downturn. The bank's attempt to close out positions built up by a junior trader may have contributed to the sharp fall, which was followed by the U.S. Federal Reserve's emergency rate cut. This has raised questions about the potential impact of the fraud on the global financial market. However, it has also been noted that other major banks have also reported significant losses in recent months. It is unclear if the Fed's quick action prevented a larger crisis from occurring. The bank's chairman has resigned and the bank has announced a large capital increase to address the losses.
  • #36
Aparently, he set out to become "the best trader of all times"... his ambition was not to be fraudulent, but to show how good he was... (got this on the radio this morning).
You work in a bank, you make a loss on a trade, you have a choice
1, Tell your manager, lose bonus/get fired
2, Hide the loss by making twice as big a bet tomorrow. Repeat until you win.

Method 2 seems to be pretty common in banks. All the banks have systems to prevent it, but since the banks are in favour of (2) so long as you win the systems aren't very effective.
 
<h2>1. What does it mean when people say the U.S. saves France from itself?</h2><p>When people say the U.S. saves France from itself, they are referring to the historical relationship between the two countries. France has a long history of political instability and military conflicts, and the U.S. has often intervened to help stabilize the country or protect it from outside threats.</p><h2>2. How many times has the U.S. saved France?</h2><p>The U.S. has intervened to save France multiple times throughout history, including during World War I and World War II. Other notable instances include the Korean War and the Cold War. The exact number of times is difficult to determine, but it is clear that the U.S. has played a significant role in protecting and supporting France.</p><h2>3. Why does the U.S. feel the need to save France?</h2><p>The U.S. and France have a strong diplomatic and military alliance, dating back to the American Revolution. The two countries share similar values and have often come to each other's aid in times of need. Additionally, France is a major player in European politics and stability, and the U.S. has a vested interest in maintaining a stable and secure Europe.</p><h2>4. Are there any negative consequences of the U.S. saving France?</h2><p>While the U.S. intervention has often been seen as beneficial for France, there have been some negative consequences. For example, some argue that the U.S. has exerted too much influence on French politics and culture, leading to tensions between the two countries. Additionally, the U.S. has faced criticism for its involvement in French affairs, with some viewing it as a form of neocolonialism.</p><h2>5. Will the U.S. continue to save France in the future?</h2><p>It is difficult to predict the future, but it is likely that the U.S. and France will continue to have a strong relationship and support each other. However, as global politics and dynamics shift, the nature of their alliance may also change. Ultimately, the decision to intervene and save France will depend on the circumstances and priorities of both countries at the time.</p>

1. What does it mean when people say the U.S. saves France from itself?

When people say the U.S. saves France from itself, they are referring to the historical relationship between the two countries. France has a long history of political instability and military conflicts, and the U.S. has often intervened to help stabilize the country or protect it from outside threats.

2. How many times has the U.S. saved France?

The U.S. has intervened to save France multiple times throughout history, including during World War I and World War II. Other notable instances include the Korean War and the Cold War. The exact number of times is difficult to determine, but it is clear that the U.S. has played a significant role in protecting and supporting France.

3. Why does the U.S. feel the need to save France?

The U.S. and France have a strong diplomatic and military alliance, dating back to the American Revolution. The two countries share similar values and have often come to each other's aid in times of need. Additionally, France is a major player in European politics and stability, and the U.S. has a vested interest in maintaining a stable and secure Europe.

4. Are there any negative consequences of the U.S. saving France?

While the U.S. intervention has often been seen as beneficial for France, there have been some negative consequences. For example, some argue that the U.S. has exerted too much influence on French politics and culture, leading to tensions between the two countries. Additionally, the U.S. has faced criticism for its involvement in French affairs, with some viewing it as a form of neocolonialism.

5. Will the U.S. continue to save France in the future?

It is difficult to predict the future, but it is likely that the U.S. and France will continue to have a strong relationship and support each other. However, as global politics and dynamics shift, the nature of their alliance may also change. Ultimately, the decision to intervene and save France will depend on the circumstances and priorities of both countries at the time.

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